Over time as your car loses value the premiums you pay for physical damage coverages Comp and Collision should go down.
Unfortunately the decrease in premium is not going to be directly related as you might like.
Watch the video to find out why…
Watch this video “What Happens to My Comp and Collision Premiums as My Car Loses Value?” for more details:
Welcome to The Murray Group Solution Center
This is video #83 of a one hundred insurance video series that The Murray Group is producing to provide insurance consumers with quick, valuable answers to their everyday insurance questions.
If you have additional questions regarding auto insurance or if you would like to discuss and receive a quote for a auto insurance policy use the link below:
Contact Murray Group Insurance Expert
If you prefer to call our office number is – (518) 456-6688
You can also connect with The Murray Group further on The Murray Group Facebook Page.
If you are not quite ready to contact us about your insurance but enjoyed and/or found the information in this post useful we would very much appreciate you posting a review on Google, Yelp or Facebook.
Disclaimer: This article is for informational purposely only. There is no legal advice being suggested or proffered and the author assumes no responsibility or liability for the actions taken or not taken by the readers based upon such information.
created by Ryan Hanley