<p></p> <img src="https://dcr-apis.s3.us-east-2.amazonaws.com/wp_contents/uploads/DCR-ADMIN/Article_Webp/collision.webp" alt="undefined" style="height: auto;width: auto"/> <p></p> <p>Looking to save money in the new year, I decided to carefully review my automobile insurance coverage. The car is a 2009 Honda Civic with 113,000 miles on it. The coverage I have adds $30 a month to my premium.</p> <p>So, what factors should you consider before dropping coverage? First, how old is the car and what is it worth? I found out that mine would sell today to a private party for about $5,000, according to Kelley Blue Book. Experts say if the premium for collision coverage comes close to or exceeds 10% of the car’s value, it’s probably not cost-effective to maintain the coverage.</p> <p>Besides the age and condition of the vehicle, you need to consider how much it’s driven, your driving record and your financial situation. Can you afford to repair or replace the car in case of an accident? Finally, don’t forget about the deductible—if it’s high, it might be close to the payout from the policy in the event of a collision.&nbsp;</p> <p><a href="https://www.diamondcertified.org/" target="_self">Use Diamond Certified Resource to find top rated companies.</a>&nbsp;</p> <p><strong>Local, Top Rated Diamond Certified Companies Related to Your Topic</strong><br><a href="https://www.diamondcertified.org/sonoma-auto-body/" target="_self">Sonoma County Auto Body Shops</a><br><a href="https://www.diamondcertified.org/alameda-auto-body/" target="_self">Alameda County Auto Body Shops</a><br><a href="https://www.diamondcertified.org/san-mateo-auto-body/" target="_self">San Mateo County Auto Body Shops</a><br><a href="https://www.diamondcertified.org/auto-body/ca/contra-costa-county/" target="_self">Contra Costa County Auto Body Shops</a><br><a href="https://www.diamondcertified.org/auto-body/ca/solano-county/" target="_self">Solano County Auto Body Shops</a>&nbsp;</p> <p><strong>Related Articles</strong><br><a href="https://www.diamondcertified.org/Guide/insurance/" target="_self">The Essential Guide to Insurance Services</a><br><a href="https://www.diamondcertified.org/find-expert-advice/" target="_self">Get Expert Advice From Owners of Top Rated Local Companies</a><br><a href="https://www.diamondcertified.org/membership/" target="_self">Become a Diamond Certified Preferred Member (Always Free)</a><br><a href="https://www.diamondcertified.org/find-top-rated-companies/hub/ca/san-francisco-bay-area/" target="_self">Find Top Rated Companies in the San Francisco Bay Area</a>&nbsp;</p>