will pay for losses and damages to your car-they often result from a collision, theft, or other incidents. But if you don't have much value on your car, the payout of a total loss can't offset the cost of the other coverage. Dropping it will help you save on your premiumwill pay for losses and damages to your car-they often result from a collision, theft, or other incidents. But if you don't have much value on your car, the payout of a total loss can't offset the cost of the other coverage. Dropping it will help you save on your premiumwill pay for losses and damages to your car-they often result from a collision, theft, or other incidents. But if you don't have much value on your car, the payout of a total loss can't offset the cost of the other coverage. Dropping it will help you save on your premium