Should I Drop My Full Coverage Auto Insurance?

Deciding to drop full coverage auto insurance is up to you after you paid off your car.

Every seconds passed and every time you drive your car, the value of your car will decrease.

When this situation is happening to you and you still have it, how about use your time once and decide if you should drop full coverage on auto insurance or not.

Actually, there are no true reasons why you should drop it. However, if you are not sure you should drop it, how about see reasons to make a decision.

Should I Drop Full Coverage Auto Insurance?

You might decide to drop it when your car is very old and you think it's not good choice to have full coverage for old car. Even though someone still have it for their old cars.
You just need necessary coverages on your car. Some people carry more coverages than they need. Some people drop full coverage to just liability auto insurance after compared their risk. However you can add coverages you think it is necessary to increase the protection for your car.
You don't mind the loss: If you think someday when you got car accident and you can deal the loss of your car, the full coverage auto insurance might not be a good choice.
Save money: Dropping your full coverage can save your money. However, we recommend you should think about financial value of your car too.
You don't care about natural disaster: COMP in full coverage covers the cost of damages from natural disaster. However, if you don't need COMP, you might decide to drop.

We might add more reasons you should drop full coverage auto insurance in the future. However, you can recommend good reasons to us too. Therefore, we wrote about when to drop full coverage auto insurance successfully. Take your time, everyone.

P.S. It's up to you.
Every cars is different, car owners is different, the places you use your car is different and money you have is different from others. So the decision about dropping your full coverage auto insurance is up to you. We recommend not to use our info to decide, you should search more info from other source and your auto insurance agent.

Source: Yahoo! Answers