When is good to cancel car insurance?

sanson · Apprentice Joined: 29 Mar 2006 Posts: 5

I’m not very good when it comes to money and financial business. The thing is that I have car insurance and house insurance and I have been considering the idea of cancelling car insurance as it is too expensive for me and I really don’t know why I would need it for. I hardly drive the car. When it is good to cancel car insurance?

terrill170 · Apprentice Joined: 31 Dec 2006 Posts: 3

I think that it is never good to cancel car insurance because no matter how rarely you drive it, you still have to take care about it. The thing is that you should bear in mind that car insurance covers all the expenses for various kinds of damage. For example, is someone hits your car, then either his or your car insurance pays the expenses of repair. Or if your car is stolen, you can also get insurance money. So, it is better to have insurance. But if you really don’t use your car and if it is not worth very much as it is old and in bad shape, then maybe it is then a good idea to cancel car insurance.