Car insurance and the types of optional insurance put on a vehicle are personal choices one has to make depending upon ones financial and overall situation. Most states require some type of liability insurance on a vehicle so typically there is not a point in time in which to take off the state mandated liability insurance, unless you have sold or gotten rid of the vehicle.

In order to determine if you think physical damage (PD) insurance, comprehensive and collision, are necessary for your vehicle first determine the value of your vehicle. You than can weigh the value of your vehicle against your PD premium, as well as the deductible amount you would pay if you needed to use the coverages.

An older vehicle that has a lowered actual cash value (ACV) may not be worth the extra expense of comprehensive and collision coverage. You do not want to pay more for insurance than the vehicle you are protecting is actually worth.

If you decide want to keep comprehensive and collision on the vehicle, you may see if you can lower your premiums for these coverages by raising your deductible. You may also see if there are any discounts available to you.

If you decide that your vehicle does not need physical damage coverages any longer, you still will need to keep the state minimum liability insurance on the vehicle.