I made a spreadsheet for figuring out whether collision insurance is worth it
My own car insurance renewal is coming up and I wanted to make a rational decision regarding whether to include "collision" insurance (for at-fault) in my coverage. It was a lot more difficult than I thought to analyze my personal considerations for this decisions (for example, I don't like haggling with insurance companies over cost of repairs nor do I trust them to be honest, I'm a good driver, I could afford repairs if needed, but I live in a city where people apparently don't know how to drive).
So I quantified all of the major factors that I could think of when making this decision, and stuck them into a spreadsheet. I'm curious as to whether others can poke holes in my reasoning.
https://docs.google.com/spreadsheets/d/ ... =655873618