It is only natural for you to want to pay as little as possible for auto insurance. After all, you never know whether you can be involved in an accident or not. Something like this may never happen. At the same time you are obliged by law to get a policy. So, your best bet is to get cheap car insurance quotes, compare them and pick the most affordable deal.
As you know the rates in these offers depend primarily on your circumstances and requirements. You will have to pay less if you are a safe driver or if you are a senior citizen. You can also reduce your costs by not buying all the types of coverage available as part of a package. Thus, it is definitely worth considering dropping the collision cover. If you state that you would not want this type of coverage in your quote request form, you will definitely get very cheap car insurance quotes. But is this solution a good idea?
The collision coverage covers all the material damages caused to your vehicle in case of an accident. It does not matter whether you hit your car into another vehicle or into a tree. You will also get the respective payment if you are not responsible for the accident. Generally, this type of coverage allows you to fix your car without incurring any of the costs for the repairs. However, you will still have to pay the deductible in order to be entitled to this money.
If you can afford to pay for the repair of your vehicle, then you can readily drop the collision coverage. You will pay a much smaller premium, which is definitely an advantage. At the same time, you cannot possibly know how seriously damaged your vehicle will be. It fixing may cost you lots of money. Also, you might not be able to pay the whole sum at one point in the future even if you have enough money now. Another problem is that you might incur other large expenses in case of a road accident. For example, you may have to pay for a costly hospital treatment that is not covered by your health insurance policy.
So far it seems that not requesting collision coverage when looking for cheap car insurance quotes is a bad idea. This is not necessarily the case. The amount of cover you will get actually depends on the cash value of your vehicle. This means that if you have an older car or one that is not in good condition you will get paid very little in case it gets damaged in a road accident. At the same time you can expect to incur much larger repair costs since there are already problems with the vehicle. Thus, it is generally not worth paying a higher premium for getting insufficient coverage.
Overall, you have to decide whether you want collision coverage or not based on your individual circumstances and requirements. In any case it is worth considering dropping this cover if you want to get vey cheap car insurance quotes.