On both the Kia and the Escape we have:
- One million in third party liability
- $1,000 collision deductable
- $500 comprehensive deductible
- Accident rating endorsement (if we get into an accident, we won't be penalized in our insurance rates)
The Kia also has a 5 year replacement cost solution - which basically means if the Kia gets totaled (at fault or not), we would get a replacement; not a repair.
Our annual premiums for both was $1,668 for both and is increasing to $1,763 for both. If we got rid of the accident rating endorsement and the 5 year replacement solution - we would save $164/year reducing our annual to $1,599.
So I'm really debating that.
The risk of course, is that paying that every year would save us a lot of we were to get into an accident.
Now...Jordan has never been in a collision.
I was in three early in my driving history - but have had zero infractions over the last six years.
So...what do you think? Do we save the $164 - or do we suck it up and pay for 'just in case'.