Just Liability or Comp and Collision?

[John B.]

My one-data-point experience with dropping collision is that, if you are involved in a crash, your insurance company will turn you over to the other driver's insurance company for direct negotiations, and the other insurance company will know or interpret that you do not have collision, and will lowball their settlement offer. So if it is truly a "disposable" vehicle, then maybe dropping collision makes sense, but an older but still maintained/fully functional vehicle will get screwed in the process. YMMV.