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Old 12-09-2001, 10:08 PM
Lance Allison Lance Allison is offline
Senior Member
Join Date: Nov 2000
Location: SW Chicago Suburbs, IL
Posts: 264
Insurance Question

I know this isn't a technical question, but really couldn't figure out which section to post in. If this is incorrect, I apologize up front.

Right now, I am insuring 5 vehicles, 3 of which have full coverage. Living in a small town with many elderly citizens and a low crime rate, the rate is probably cheaper than most areas.

Even with my job being considered a "professional" position (I was told this DOES make a difference), 28 yrs old, having a 5 year good driving record discount, multi-car discount, etc, etc, my 6 month premium is about $1200.

At what point should one consider removing collision/comprehensive coverage? One car is relatively new and has a fair amount of value, so I know I'll keep full coverage on that one. But right now, I am still carrying collision and comp on the 87 300SDL and on my 89 Buick Park Ave Ultra.

According to my carrier, I would save about $240 every 6 mos pulling full coverage from the MB and an additional $165 by having liability-only on the Buick. This seems like a significant dollar amount, but really don't know what I should do...

Any advice would be appreciated.
Lance Allison

Sold: 1987 MB 300SDL, 320k miles, Astral Silver, Blue Leather, all books and records from day one.

Totalled: 1998 VW Jetta TDI, 488k miles, Classic Green/Gray Leather, loaded, E-Codes, "Slightly" modded, "Slightly" faster than stock, arrived 11/07/1997.

MBCA Member, Chicago Region
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