That’s why one of the simplest and most effective ways of reducing your monthly bill<\/a> is to drop your collision coverage. But this can be dangerous. If you take this step under the wrong circumstances, you may be stuck with a major bill if you get into an accident (especially if you\u2019re the one at fault). <\/p>\n\n\n\n So, how can you know when it\u2019s safe to drop this coverage? That\u2019s where we come in. Keep reading to discover the biggest signs it\u2019s okay to drop your collision coverage in Louisiana. <\/p>\n\n\n\n The primary reason that you have collision coverage is so that your insurance company will repair or even replace your vehicle in the event of an accident, even if you happen to be the one at fault. Therefore, one of the biggest signs that it\u2019s okay to drop collision is that your car just isn\u2019t worth that much anymore (you can always check Kelly Blue Book<\/a> to verify this). <\/p>\n\n\n\n In that case, you might actually be better off just replacing the car outright in the event of a major accident on the streets of Louisana. The alternative is potentially paying more in premiums each year than the car is worth. In fact, further in this guide, we have a handy calculation to help you figure out when you\u2019re officially paying too much for an old car. <\/p>\n\n\n\n One of the few positive outcomes of the COVID-19 pandemic is that more people now work from home than ever before. This results, of course, in fewer people commuting to work each day. Whether you\u2019re working from home or not, if you find yourself driving a lot less than you used to, then it may be time to drop collision insurance. <\/p>\n\n\n\n The less you drive, the less likely you are to get into an accident in the first place. If you\u2019re barely driving, especially in places like the Big Easy<\/a>, then you are paying for insurance that you will most likely never use. Dropping that coverage can help you save on your premium, and you may also qualify for a discount from your carrier for not driving very much each month. <\/p>\n\n\n\n Just because your car has dropped in value doesn\u2019t mean that you want to rush out and replace it. However, if you intend to keep an older vehicle, just ask yourself: how expensive would it be to repair it after an accident? <\/p>\n\n\n\n Like insurance premiums, repair costs are always higher when the vehicle is newer<\/a> and more expensive. If the potential repair bills for your own older vehicle are so low that you can afford to pay them out-of-pocket, then it\u2019s time to drop collision insurance. At this point, you are literally paying for something you no longer need<\/a>. <\/p>\n\n\n Most of the scenarios we have outlined apply primarily to older vehicles or vehicles that aren\u2019t driven very often. However, here\u2019s something that could potentially affect every vehicle and every driver: if the car is covered by someone else\u2019s insurance, you most likely don\u2019t need to pay for collision coverage. <\/p>\n\n\n\n This almost exclusively applies to younger drivers who are covered under their parents\u2019 insurance. While it\u2019s important to eventually get your own coverage, you don\u2019t have to rush into things. If someone else is footing the bill to keep your car safe on the mean streets of Louisiana, the last thing you need to do is make expensive monthly payments for collision coverage that you could otherwise be saving. <\/p>\n\n\n\n By now, you\u2019ve probably figured out that the decision to drop your collision coverage is a bit like a real-life math problem. Like other drivers throughout Louisiana, you must determine whether you are paying more each month for collision than you really need. But how can you know when you\u2019re really paying too much? <\/p>\n\n\n\n One easy way to do so is to compare your car\u2019s current value with how much you are paying on your monthly premium. If the premium is 10% or more of the car\u2019s value, then it\u2019s time to ditch the collision insurance. <\/p>\n\n\n\n Are you getting ready to buy a new car, but you\u2019d like to save up a bit of money for a downpayment first? In that case, it may be worth dropping collision coverage right away. <\/p>\n\n\n\n The logic here is simple: if you\u2019re already planning on getting a new car, then you\u2019d just end up replacing an older one after a bad accident. If you go ahead and drop collision coverage, you can stick back everything you save<\/a> on the monthly premium to help pay for a new ride, letting you cruise Louisiana in style. <\/p>\n\n\n\n Now you know the most important signs that you need to drop your collision coverage while driving around in Louisiana. But do you know who can provide the best coverage at the most competitive prices, no matter how much coverage you need? <\/p>\n\n\n\n USAgencies makes it easy to find a policy that not only meets your needs but also fits within your budget. Request a quote online<\/a>, pop into one of our local offices<\/a> in Louisiana, or give us a call at 800-420-3712<\/a> to get started. <\/p>\n\n\n\n1. Your Car Isn\u2019t Worth Much Anymore <\/h2>\n\n\n\n
2. You Don\u2019t Drive As Much As You Used To <\/h2>\n\n\n\n
3. You Can Afford to Pay for Repairs Out-of-Pocket <\/h2>\n\n\n\n
![\"Older](\"http:\/\/local.usagencies.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/04\/USA-collision2.jpg\")
<\/figure><\/div>\n\n\n4. The Vehicle Is On Someone Else\u2019s Insurance <\/h2>\n\n\n\n
5. The Premium Is Now a Significant Fraction Of the Car\u2019s Value <\/h2>\n\n\n\n
6. You\u2019re Getting Ready to Buy a New Car <\/h2>\n\n\n\n
Get the Most Affordable Car Insurance in Louisiana Today! <\/h2>\n\n\n\n