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Personal Finance

Should I drop collision on an old car?

Quick Answer

Drop collision and comprehensive when their combined annual premium exceeds about 10% of the car's actual cash value (ACV).

Decision matrix for dropping collision based on car value.
Warren Team
Updated April 26, 2026
26

Important Disclaimer:

The information provided is for educational purposes only and should not be considered as personalized financial advice. Warren is a registered investment advisor. Past performance does not guarantee future results. Please consult with a qualified financial advisor before making investment decisions.

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