When Should I Drop Collision Insurance On My Car? 
Removing collision coverage from your vehicle will reduce your premium ... often substantially . So when is the best time to take it off ? There is no universal answer since each car on the road has different mileage and is used in different ways . When your vehicle is more than 10 years old and/or the value has sharply declined , it 's time to consult a broker that can quickly review the cost of maintaining coverage vs. the cost of removing it . 