Should you carry collision and comprehensive insurance when you don’t have a car loan?

Introducing Evertree Mountain States

With more than 1.8 million vehicles registered in the state of Colorado, it is safe to say that there will be a lot of traffic on their more than 184,000 miles of road. Traffic accidents have been on the rise in the state which means that the chances of being involved in an accident have increased. At Evertree Mountain States in Arvada, CO our aim is to provide our customers with the latest information, quality insurance products, and good value. Our agents have years of experience in auto insurance and helping drivers have the coverage that is best for them.

When you have a car loan, the lender will require that you maintain collision and comprehensive coverage to protect their investment in your car. When your loan is paid off, you may be tempted to save money by not keeping this coverage. You are not required by law to have collision and comprehensive coverage on your vehicle but that does not mean that it is a good idea to go without it. If you are like most people, you probably depend on your vehicle to get to work, if your vehicle was damaged in an accident or was stolen, how you be able to get to work? 

If your vehicle has very little monetary value or if you could easily pay for any repairs that an accident, theft, or vandalism might cause, then you probably don’t need to keep the collision and comprehensive coverage on your car. If however, it would cause you a great deal of inconvenience and financial stress, then it is best to keep both coverages. 

At Evertree Mountain States in Arvada, CO we would like to sit down with you and discuss your auto insurance needs. We offer a wide variety of products and we are sure that we can find the perfect one for you. Give us a call or stop by our office for a no-obligation quote. 

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Are you ready to save time, aggravation, and money? The team at Evertree Mountain States is here and ready to make the process as painless as possible. We look forward to meeting you!