<prompt> Human: I have a 2009 Scion xD with 80k miles on it. I bought it brand new in 09 and its been paid off since 2012. Currently I have full coverage with a 500 deductible that cost me 60 a month. KKB says the value is 5k which means if I total it Id get 4.5k.Should I switch to liability? The cost goes to 30 a month so it only saves 360 a year. Is that worth it? Or should I wait another year or two until my car is worth less? I do have a big emergency fund to I should mention so I could buy a new car no problem without the 4.5k or afford any fixes needed if it gets wrecked. I also havent had a at fault accident in 10 years. Also I only drive about 4-5k miles a year now since I dont work anymore, if that matters. When did you switch to liability?  <response>: Collision insurance also has the benefit of not forcing you to go through the other drivers insurance when you get hit. I got hit a couple years ago and made a claim on the other drivers insurance. The other driver dodged their insurers calls for 2 weeks so my claim went nowhere until they finally made contact. I went those two weeks with no working car and no rental.If I had had collision insurance I could have just paid my deductible and gotten my claim immediately processed. I would have gotten my deductible back in the long run as my insurer would have recovered it from their insurer. 