So, my annual insurance renewal is coming up for my truck. I'm using a company called Wawanesa, which IMO has pretty good rates if you live in California or Oregon. Anyway, I'm currently at full coverage, with maximum liability, since I own my home.
My annual premiums are only $909 per year, which is the lowest I could get while shopping around.
I did call, and doing liability only (no comprehensive or collision) would knock that premium down to $618 per year.
My question for you guys is, how did / will you make the decision to "downgrade" your coverage? My truck is turning 9 years old next month and sitting at around 115,000 miles. I have no plans to get rid of her, and I'm hoping she can last another 10 years for me. I'm actually planning on driving her until she explodes at 500,000 miles leaving my stranded on the freeway. I'm just kind of torn between paying the higher premiums for a car that is approaching the 10 year mark. My "commute" is only 6 miles one way, and I have a secondary weekend fun car.
What you guys think/do?