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rednecktacoma t1_j6o57mx wrote

Reply to comment by eegopa in Paid my car loan off last year, was there something I was supposed to do after? by GoddessOracle

Would it lower the rate if you kept the same insurance? Or are you referring to being able to change to liability only?

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eegopa t1_j6o5xbl wrote

No I think it also adjusted us on the risk algorithm.

I think they assume someone who owns the car outright is more responsible?

Edit for clarification: We kept our same level of insurance but our premiums went down a bit.

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