When Should I Drop Collision Insurance On My Car? 
Insurance companies rarely accept a full risk . When you buy comprehensive and collision insurance the company requires that you pay a part of the recovery when there is a claim . As the car depreciates the recovery is reduced . The sum of the deductible , the premium for the coverage , and the lessened recovery reach a point where maintaining the coverage no longer makes sense . This happens with many cars around their 10th year . 