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Michigan

MichMan

(11,915 posts)

10. Diminishing returns

Reply to VMA131Marine (Reply #5)

Fri Apr 7, 2017, 10:32 PM

Apr 2017

As cars age, the premiums generally do not decrease. Once a car gets around 8 yrs old you really have to decide if it is worth paying a few hundred a year extra for collision.

I drive a 10 yr old car with high miles. If it was totaled, I might get $2K, so it isn't worth it to me to still carry collision. I keep comprehensive because it is pretty cheap and covers deer crashes which can be a risk around here.

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11 replies

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can someone explain mi car insurance rules? [View all] mopinko Apr 2017 OP

You insure your own car regardless of who was at fault MichMan Apr 2017 #1

that's insane. mopinko Apr 2017 #2

Only your insurance co could tell you nm MichMan Apr 2017 #11

is this a recent thing? mopinko Apr 2017 #3

Not sure how it works if you are out of state MichMan Apr 2017 #6

I recall when Michigan voted for that law. safeinOhio Apr 2017 #4

It is expensive here MichMan Apr 2017 #8

i'm sure, but mopinko Apr 2017 #9

If you dont carry collision or comprehensive VMA131Marine Apr 2017 #5

well, i already replaced the vehicle, but mopinko Apr 2017 #7

Diminishing returns MichMan Apr 2017 #10