Kelly Blue Book or Edmunds, who to believe?

Do you currently have Comprehensive and Collision coverage on the car? Most insurance companies will allow you to drop Collision and just keep Comprehensive. The premium for Collision is often up to three times the cost of Comprehensive, so removing Collision could represent a nice chunk of change off your insurance bill.

By keeping Comprehensive, you are still covering the car for things that are out of your control! Theft, weather damage, fire, vandalism, debris thrown from the road, falling objects and impact with a deer or other animal.

Using my own policy as an example, Comprehensive is $82.14 per year and Collision is $222.88 per year ($500 deductible on both). My 2006 Mazda3 is worth about $7k and I may decide to drop the Collision coverage in another year or two. But for $82/year, I'd rather know that I would get some compensation if my car was damaged or destroyed due to something that wasn't my fault....

Just something to think about. Most folks don't realize that you can keep Comp (the majority of insurance companies allow Comp only) but cancel Collision. They also don't realize that Collision is exponentially more expensive and Comp is pretty cheap.