Anyone dropped Comprehensive and/or Collision for their cars? - E46Fanatics E46 BMW Social Directory E46 FAQ 3-Series Discussion Forums BMW Photo Gallery BMW 3-Series Technical Information E46 Fanatics - The Ultimate BMW Resource BMW Vendors General E46 Forum The Tire Rack's Tire Wheel Forum Forced Induction Forum The Off-Topic The E46 BMW Showroom For Sale, For Trade or Wanting to Buy

Go Back   E46Fanatics > E46 BMW > General E46 Forum

General E46 Forum
This is the place to get answers, opinions and everything you need related to your E46 (sedan, coupe, convertible and wagon) BMW!

Reply
 
Thread Tools Search this Thread Rate Thread Display Modes
Old 11-08-2019, 01:44 PM   #1
lilbimmer
Registered User
 
Join Date: Feb 2006
Location: SC, 29708
Posts: 427
My Ride: 01 330ci Step
Send a message via Yahoo to lilbimmer
Anyone dropped Comprehensive and/or Collision for their cars?

With our aged cars, have many of you removed comprehensive and collision on your insurance? What made you decide? Any regrets?
__________________
"sim simma, who gat di keys to mi bimma" - beenie man


To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.
lilbimmer is offline   Reply With Quote
Old 11-08-2019, 02:16 PM   #2
Silverdogz
Registered User
 
Join Date: Jul 2015
Location: Spokane, WA
Posts: 1,039
My Ride: '02 330Ci, '04 330i
Year: 2004
Model: BMW 330i ZHP
Transmission: Manual 6spd
I don't have it on either of my cars. Mostly because you shouldn't be hitting things in the first place. The other aspect is that it is really, really easy to total out an E46 now. Especially if you have xenon lights.
__________________
DSC MK60 Replacement and INPA Install:
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.


To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.


To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.
Silverdogz is offline   Reply With Quote
Old 11-08-2019, 02:25 PM   #3
WDE46
Registered User
 
Join Date: Sep 2012
Location: Old Greg's Cavern
Posts: 13,033
My Ride: '13 128i STX
Collision is good to eliminate when a car's value is easy for you to absorb. I can absorb a loss of a $5000 car pretty easily (good emergency fund and I have another car), but someone else might not be able to, so to them I might say keep collision. Comprehensive is nice to have if the deductible is low enough. It's pretty cheap and is useful for glass or hitting a deer or something. It does not pay out for something like getting backed into in a parking lot and they didn't leave a note.
__________________

To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.
WDE46 is offline   Reply With Quote
Sponsored Links
Advertisement
 
Old 11-08-2019, 02:32 PM   #4
Phillipjfry
Registered User
 
Join Date: Feb 2017
Location: Sacramento, CA
Posts: 38
My Ride: 98 Z71 Silverado
I keep full coverage. It's an extra 75$ a year for me. Last year someone put a giant deep scratch on my trunk. I had it repainted for 100$ deductible. It was an 800$ repair. So my insurance has already paid for itself for another 6 years.

Plus if it does get totaled, I would rather get a check, than nothing but a broken car.

Another plus is if it does get totalled, get a check from the insurance, and if it's cheap enough to buy pack you can part it out and make more off it.

Sent from my SAMSUNG-SM-G891A using Tapatalk
Phillipjfry is offline   Reply With Quote
Old 11-08-2019, 02:32 PM   #5
jmo69
Registered User
 
Join Date: Mar 2013
Location: Wisconsin
Posts: 5,105
My Ride: 03 325xi 98 328is
I plan on dropping everything except comprehensive on my e36 because it will spend the winter on blocks for repairs. I could probably drop that too and let my homeowners insurance cover it. My daughter's first car only had liability and regretted it after an accident that was her fault
__________________
Alternative to expensive xi control arm bushings
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.


Bad outer xi ball joint?
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.



To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.

2003 325xi auto Stahlgrau

To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.

1998 328is 5sp

Last edited by jmo69; 11-08-2019 at 02:41 PM.
jmo69 is offline   Reply With Quote
Old 11-08-2019, 02:51 PM   #6
Phillipjfry
Registered User
 
Join Date: Feb 2017
Location: Sacramento, CA
Posts: 38
My Ride: 98 Z71 Silverado
Quote:
Originally Posted by jmo69 View Post
I plan on dropping everything except comprehensive on my e36 because it will spend the winter on blocks for repairs. I could probably drop that too and let my homeowners insurance cover it. My daughter's first car only had liability and regretted it after an accident that was her fault
Double check the homeowners policy. Mine specifically says it does not cover cars parked in a garage.

Sent from my SAMSUNG-SM-G891A using Tapatalk
Phillipjfry is offline   Reply With Quote
Old 11-08-2019, 02:53 PM   #7
Geo31
Ironman
 
Join Date: Mar 2003
Location: Willis, TX, USA
Posts: 4,581
My Ride: 98 M-Z3, 01 325iT
I keep full coverage on my cars. In fact, after the B30 swap is done and the interior is reupholstered, I think I'm going to get agreed value insurance since traditional insurance will be essentially worthless for the car.
__________________
George Roffe

Swim: 2.4 Miles
Bike: 112 Miles
Run: 26.2 Miles
Brag: For the rest of your life

To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.



To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.
Geo31 is offline   Reply With Quote
Old 11-08-2019, 02:55 PM   #8
jmo69
Registered User
 
Join Date: Mar 2013
Location: Wisconsin
Posts: 5,105
My Ride: 03 325xi 98 328is
Quote:
Originally Posted by Phillipjfry View Post
Double check the homeowners policy. Mine specifically says it does not cover cars parked in a garage.

Sent from my SAMSUNG-SM-G891A using Tapatalk
I will
__________________
Alternative to expensive xi control arm bushings
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.


Bad outer xi ball joint?
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.



To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.

2003 325xi auto Stahlgrau

To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.

1998 328is 5sp
jmo69 is offline   Reply With Quote
Old 11-08-2019, 03:24 PM   #9
Archbid
Registered User
 
Join Date: Jun 2013
Location: Marin, California
Posts: 2,815
My Ride: 330ci Convertible
Year: 03
Transmission: 5-Speed Manual
I would drop everything but liability. The insurance industry uses services to value your car that are savage to e46s. In my estimate, they cut $1,500 because it was a manual, and the service said "Everyone hates manuals". If you have a $1k deductible and the insurance company won't value your car about $4,500, then it is not much to work with. And they like to total cars, so they will artificially inflate the cost to repair so that they just pay the "book value" less a bunch of deductions and then even if the car is repairable it is "salvage".
Archbid is offline   Reply With Quote
Old 11-08-2019, 04:20 PM   #10
TR4G-
Registered User
 
Join Date: Nov 2010
Location: Baltimore
Posts: 1,746
My Ride: E36/8 3.0i, E46 ZHP
Yeah I do the bare minimum on my e46 as I keep an emergency fund to simply buy another one if that happens.

I have full everything on my z3 coupe though!


Sent from my iPhone using E46Fanatics
__________________

To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.
TR4G- is offline   Reply With Quote
Old 11-08-2019, 05:10 PM   #11
swordsman11868
Registered User
 
Join Date: Aug 2006
Location: Las Vegas
Posts: 1,829
My Ride: 2003 325i
Transmission: Autotragic
Yes recently.


Sent from my iPhone using E46Fanatics
__________________

To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.
I'm just here to change the world.
BMW Wiki:
To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.


2016 Beheadings in Saudi Arabia: 92.
swordsman11868 is online now   Reply With Quote
Old 11-08-2019, 05:56 PM   #12
Chris C
Registered User
 
Join Date: Jun 2006
Location: Germantown, MD USA
Posts: 857
My Ride: 2001 325Ci
Please be careful with only having liability insurance for your car. As I recall, if your car gets stolen, you aren't covered.
Chris C is offline   Reply With Quote
Old 11-08-2019, 06:37 PM   #13
horse
Registered User
 
Join Date: Oct 2017
Location: AZ
Posts: 95
My Ride: 2001 330ci
I have comperehensive, partially because I couldn't get glass coverage without it (and from what I gather, glass for our cars isn't cheap).

Collision however was much more expensive than comprehensive, I forget the exact amount but it clearly wasn't worth it.
horse is offline   Reply With Quote
Old 11-08-2019, 10:50 PM   #14
ewcmr2
Registered User
 
Join Date: Nov 2008
Location: SoCal
Posts: 273
My Ride: Many
Quote:
Originally Posted by Phillipjfry View Post
I keep full coverage. It's an extra 75$ a year for me.
How is this possible?
Liability on a scooter is more than that!
ewcmr2 is offline   Reply With Quote
Old 11-08-2019, 11:25 PM   #15
BaliDawg
DEADBEEF BAADF00D
 
BaliDawg's Avatar
 
Join Date: Aug 2012
Location: Riverside, CA
Posts: 9,069
My Ride: E39 E46 E84
I recently dropped comprehensive and collision on the E46 and E39. They don't get driven much and the cost is $885 per year for both.
__________________

To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.
BaliDawg is offline   Reply With Quote
Old 11-09-2019, 06:09 AM   #16
dutchhome
Registered User
 
Join Date: Jul 2014
Location: USA
Posts: 398
My Ride: 2004 330xi
Quote:
Originally Posted by ewcmr2 View Post
How is this possible?

Liability on a scooter is more than that!
It's about the same for me. I have 6 vehicles, a motorcycle, and a house all with the same company plus we have a policy linked to my in-laws old policy so it shows over 40 years of continued history. I looked into dropping coverage down to liability only for some of my cars and my agent explained that I would be saving less than $100 a year.

Sent from my Pixel 3 using Tapatalk
dutchhome is offline   Reply With Quote
Old 11-09-2019, 11:25 AM   #17
Phillipjfry
Registered User
 
Join Date: Feb 2017
Location: Sacramento, CA
Posts: 38
My Ride: 98 Z71 Silverado
Quote:
Originally Posted by ewcmr2 View Post
How is this possible?

Liability on a scooter is more than that!
I'm 37, have an excellent driving record, have never been in a recordable accident, and I've been with them for 12 years.
Just to clarify, it's 75$ additional to the minimum requirement by law.

Sent from my SAMSUNG-SM-G891A using Tapatalk
Phillipjfry is offline   Reply With Quote
Old 11-09-2019, 01:23 PM   #18
orb
Registered User
 
Join Date: Dec 2012
Location: Orlando, FL
Posts: 3,153
My Ride: 325Ci
Knock on wood but should anything happen I could easily get almost any kind of replacement, so I don't see it being worth it. Saved a lot of money not having a car payment for 8 years.
orb is offline   Reply With Quote
Old 11-09-2019, 05:41 PM   #19
Efthreeoh
Registered User
 
Join Date: Sep 2019
Posts: 66
I recently picked up my E46, so I dropped collision on my '06 E90 since it has 380,000 miles on it and it helped keep my premium going up by about $200 overall. I keep $100-deductible comprehensive on everything as you never know when Bambi will decide to step out in front of you. If I put the E90 into something then it's on me. The E90 usually costs me about $2K in repairs per year, so comprehensive keeps me covered if it gets totaled again by a deer.
Efthreeoh is offline   Reply With Quote
Old 11-09-2019, 09:59 PM   #20
Dogthebountyhunter
Registered User
 
Join Date: Jul 2016
Location: Philly
Posts: 996
My Ride: 03 M3 Vert 2005 745i
I dropped it collision on my m3 for now since I am doing work to it and not driving it for a while. If it gets stolen or something like that I'm still covered. I don't have collision on my 745i since I don't really care about it. Dumb idea because I blasted a deer recently.
Attached Thumbnails
Click image for larger version

Name:	1F3D25B8-8625-4E66-9B4B-BAD91288F1BA_1573354741953.jpg
Views:	26
Size:	58.1 KB
ID:	787669  
__________________

To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.
Dogthebountyhunter is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Censor is ON



All times are GMT -5. The time now is 08:59 PM.


Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.
(c) 1999 - VerticalScope Inc. All rights reserved.