Quote Originally Posted by Dark Soul View Post
Only your bank requires you to have insurance. Pay off your mortgage and you can fire your insurer the next day. I wouldn't advise that...
That's why, at least in my State, the only insurance you have to carry on a vehicle is liability and uninsured motorists.

Although I haven't had a car loan in many, many years, at the time when I did, the collision and comprehensive coverage I was required to carry was a result of the lending institution requirements not the State.