How To Choose If You Need Collision Coverage On A Paid-Off Car

You just made the last payment on your car loan. What a great relief that is, right? When doing this, you will now have more options with the car insurance coverage types you choose because you will not have a lender dictating what you must have. So, you might want to consider dropping the collision coverage on your car. If you are unsure if you should or not, here are some factors to help you decide.