What happens to my comp and collision premium if my auto car loses value? In this article, we will know it
happens some things 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.
What happens to my comp and collision premium if my auto car loses value?
Unfortunately, the decrease in insurance premium is not going to be directly related as you might like.
All insurance policies are canceled pro-rata, which mean you only pay for what you use. Therefore, it means you could change your insurance policy company every month or every 3 months or any time if you felt so inclined.
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