Ken,
I missed the "don't have collision on you car" in the first post. In my head I made it "don't have
a collision". Whoops.
That is about what I did with my first few cars. I had collision, which covered my liability if I hit someone, but not comprehensive, which would have covered damage I did to my own car. I did work out the rates, and 6 months of comprehensive premiums was greater than the cost of the car.
Wetzel