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If you are not concerned with losing the vehicle if damaged or if you decided it's not financially wise to pay the premiums for the value of the car you can cancel some coverages. The ones that you could cancel are collision and comprehensive as well as towing and labor and rental car coverages. With most preferred companies you could cancel collision but keep comprehensive. By keeping comprehensive you would still have coverage for fire, theft, vandalism, glass breakage, flood, animal collisions. Collision is the more expensive of the tow by far and generally covers things that are your fault. Comprehensive is for things mostly out of your control.

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Q: What type of auto insurance could you cancel once your car is very old?
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