Many insurance companies offer collision coverage on salvage autos.

The collision coverage on such a car may no longer make financial sense because the insurer is unlikely to pay the full cost of major repairs.

She dropped the collision coverage and will save $135 annually.

But a word of warning: collision coverage can be dropped only after all loans on a car have been paid off.

"Of course, at fifteen bucks a day, I waived the collision coverage."

If you're paying for collision coverage for an older vehicle, consider dropping it.

Most experts say it makes sense to carry a large amount of collision coverage when a car is new.

"Might be worth it to get your car fixed if you got collision coverage."

Moreover, most people, he believes, would wish to supplement the standard group policy with both theft insurance and collision coverage beyond the proposed $5,000 maximum.

Many credit card companies offer free collision coverage.