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[Robert_G]

Collision/Comprehensive for my wife's 2005 Sunfire is about $500 bucks this year...and that is with a 43% discount. The car only has 100kms on it, but I'm pretty sure if it was ruined that ICBC would only pay us about 3000 tops....if that.
It doesn't seem worth it to me.

What value of a vehicle do you consider it worth paying the extra for until the time comes when you just drive it into the ground for as cheap as possible. Keep in mind that she has a free accident that wouldn't affect her discount if she made a claim.
Thanks.

[BNF861]

If something were to happen to her car, could you afford to replace it right away? If not, the extra $40/month may be worth it if she depends on having a vehicle.

[fic]

I would pay it just for the peace of mind.  It takes a very small bump to cause thousands in repairs.  Are you prepaired to drive with a broken bumper which can cause $1200 to repair? Even just repainting something can see you back a lot of money.

[canso]

You are at the price point of it not being worth it.
Even if you did smack it up, it’s not worth losing your free accident or losing your discount.
Remember it’s only for accidents your at fault.
the discount can be worth over $2000

[alwaysfishn]

If something were to happen to her car, could you afford to replace it right away? If not, the extra $40/month may be worth it if she depends on having a vehicle.

That's the way you should look at all insurance.

[Sam6140]

I would keep the Comprehensive & Collision on that vehicle.  It's not that old.    On the other hand, my winter beater (worth maybe $1,000 - $1,200), that I only have $900 invested in it in total - I only purchased the extra liability and NO comprehensive/collision.  

It is peace of mind to have the coverage.  Hit and Runs are pretty common (in parking lots), and your collision deductible will apply - with no affect to your claims free history.  

[Robert_G]

Thanks for all the responses.

As for cosmetic damage.....unless it was major, I'm not worried about repainting bumpers or fixing scratches. I don't care about how the car looks. It is strictly a commuter vehicle now. In fact I chose to take it to Kump Lake this year instead of the SUV to save gas.

It just seems that 500 dollars (just for collision and comp) a year for a $3000 vehicle is a rip off. That's an insurance rate of about 17%. My wife has a perfect driving record to boot.
It's just frustrating that the collision and comprehensive on our SUV which is valued at about 8 or 9x as much as the sunfire is about the same cost.

[blaydRnr]

doesn't collision also cover your wife if she causes an accident? what happens if she rear ends somebody?

[Robert_G]

Collision and comp have nothing to do with that.
Liablitity is mandatory when insuring a vehicle.

[blaydRnr]

Collision and comp have nothing to do with that.
Liablitity is mandatory when insuring a vehicle.

sorry i was thinking of something else... car rentals and mandatory purchase of collision insurance.

[cutthroat22]

Last year I had a motorcycle that was worth about $1000 and a car worth about the same and neither of them had collision/comprehensive or extra anything.

Check what ICBC will give you for the car in question.  You might think a car is worth $3000 but ICBC might only give you $2000 or less.

I never had any claims over the life I had both vehicles and ended up saving a lot of money.

[kosanin kosher salt]

if you believe that your a smart and responsible driver and you feel an accident would not happen at your fault , you should cancel your collision and comprehensive . esspecially with comprehensive , the car is not worth much and if someone dings up your car door in the parking lot you will still have to pay the 300$ deductible . a car thats worth much more absolute needs comprehensive but yours , no . when people in your situation buy comp. thats where icbc will make the most $$

[Robert_G]

if you believe that your a smart and responsible driver and you feel an accident would not happen at your fault , you should cancel your collision and comprehensive . esspecially with comprehensive , the car is not worth much and if someone dings up your car door in the parking lot you will still have to pay the 300$ deductible . a car thats worth much more absolute needs comprehensive but yours , no . when people in your situation buy comp. thats where icbc will make the most $$

I was already thinking along the lines with what you are saying with the comprehensive. I had pretty much agree with you and have already decided what you suggest.....the collision is a bit harder of a decision. The comp is 170 bucks that I can see spent better elsewhere. The collision is 330.

Whatever I choose.....ICBC usually wins anyway...............

[leaseman]

Drop the collision but keep the comp..... fire, theft or vandalism is something that is way more likely to happen with your vehicle UNLESS it is parked in a garage at home and work......

[MIKE1]

Drop the collision but keep the comp..... fire, theft or vandalism is something that is way more likely to happen with your vehicle UNLESS it is parked in a garage at home and work......

This