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DO you pay for liability and collision? or only liability ?

  • I own a 2014+ vehicle with insurance liability ONLY

  • I own a 2014+ vehicle with insurance liability AND comprehensive insurance

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Discussion Starter · #1 ·
I am financing a 2016 acura MDX. right now my monthly payments are great because acura gives you a unbeatable APR when u get your second loan. I'm paying 300+ for liability and almost 400+ to Kingstone for comprehensive insurance :mad:.

In my opinion I think is best If I pay 400 to my car principal every month instead of paying soo much for "comprehensive insurance" with a 1k deductible (ridiculous). I know a few drivers that are doing this, the question is how many drivers are doing this.



(some banks will never know that you only have liability on your car)
 

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Discussion Starter · #2 ·
our new york market is the best of all, but the cost to work here is ridiculous. BTW I pay so much because I had my license suspended once over some stupid ticket that I never received in the mail.
 

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I pay full coverage.
My first year I went to work just to find out some drunk drove through two of my doors and front fender. My car was parked, no cameras around. Having full coverage helped.
 

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I pay full coverage.
My first year I went to work just to find out some drunk drove through two of my doors and front fender. My car was parked, no cameras around. Having full coverage helped.
You still paid $1k deductible right? Did it affect your insurance rate?
 

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I dropped full coverage for my Camry about 6 months ago. Had it for 2 years. I am taking a chance if there is a lot of damage. The car is paid for.
If you are financing, keep full coverage. There are some companies that charge less for full coverage. Shop around.
 

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Driving around a $35K car 12 hours daily without full coverage ... that's your judgement call. I won't be able to get myself to do that for any car over $10K, especially if it is still financed.
 

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I am financing a 2016 acura MDX. right now my monthly payments are great because acura gives you a unbeatable APR when u get your second loan. I'm paying 300+ for liability and almost 400+ to Kingstone for comprehensive insurance :mad:.

In my opinion I think is best If I pay 400 to my car principal every month instead of paying soo much for "comprehensive insurance" with a 1k deductible (ridiculous). I know a few drivers that are doing this, the question is how many drivers are doing this.

(some banks will never know that you only have liability on your car)
Remove full coverage. Bank won't know
 

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Discussion Starter · #8 ·
I pay full coverage.
My first year I went to work just to find out some drunk drove through two of my doors and front fender. My car was parked, no cameras around. Having full coverage helped.
Something similar happened to me with geico and my rate went up $80 for almost a year . According to insurance it was my responsability to "protect the vehicle" + $500 deductible to fix my car ....
 

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Something similar happened to me with geico and my rate went up $80 for almost a year . According to insurance it was my responsability to "protect the vehicle" + $500 deductible to fix my car ....
Some insurance companies want you wrap your car with bubble wrap if you park it in the street.
 
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