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What happens to my comp and collision premium as my car loses value?

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:

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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.

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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