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  • Writer's pictureScott Brekne

Auto Insurance Considerations: Comprehensive & Collision Coverage

Auto insurance premiums are on the rise, and policyholders are looking for ways to save money. Depending on various factors, policyholders may want to consider foregoing comprehensive and/or collision coverage on their vehicles. While all states other than Florida require their drivers to carry a minimum amount of bodily injury and property damage coverage, many do not require comprehensive and collision coverage for the driver’s vehicle(s).

Deciding whether or not to remove vehicle coverage from your auto insurance policy depends on various factors. Below are some key factors to discuss with your agent. Brooks Robb & Callahan recommends that you consult a licensed property and casualty insurance professional prior to making any policy changes. All items below are subject to individual policy terms and conditions.

1. Vehicle Value: depending on your policy type and endorsements, the most an insurance company will likely pay for a totaled vehicle is its actual cash value (considers depreciation). If your vehicle is older and its book value has declined, it may be more cost-effective to forego vehicle coverage and make any vehicle payments “out of pocket.” A site like Kelley Blue Book may help you make this decision (

2. Affordability & Risk Tolerance: depending on your financial situation and appetite for risk, you may be able to afford and be open to absorbing sudden expenses following an auto accident. If damage to your vehicle would cause financial hardship, you may want to keep vehicle coverage on your policy.

3. Legal Requirements: review your state’s minimum coverage requirements before making any decisions on your auto policy coverages.

4. Lease or Finance Requirements: if your vehicle is leased or financed, your bank may require that you maintain vehicle coverage. If this coverage is required, you can consider revising you deductibles subject to the terms of your lease or finance agreement.

5. Other Coverages & Endorsements: removing comprehensive and/or collision coverage may result in you losing other coverages as well, such as rental reimbursement, full glass coverage, roadside assistance and more.

Interested in further discussing your auto insurance policy? Contact Brooks Robb & Callahan and a licensed agent would be happy to assist.

About Brooks Robb & Callahan

Brooks Robb & Callahan is a family owned and operated independent insurance agency protecting personal and commercial clients from property and casualty risks since 1871. Sisters Kristen Ducharme and Lindsey Stortz acquired the business from their long time family friends in July 2013. Their brother, Scott Brekne, joined the business in 2021. Together they continue to run the business the way it always has been – by family with honesty and integrity. They feel incredibly blessed to have the opportunity to work together every day.

The information provided in this blog is for educational purposes only and is not a substitute for professional advice. Insurance coverages and policies can vary significantly based on individual circumstances and the terms of the policy. Brooks Robb & Callahan recommends consulting a licensed insurance professional or your insurance carrier to determine the appropriate coverage for your specific personal needs.

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