collision insurance?

Collision coverage is for collisions YOU cause.  How often have you needed collision coverage over the last several decades?  How likely will you will use it in the future?

If you wreck your Jeep, will you be sad if you don't get any money out of it?  Do you have a lien on it?  Are your premiums as much as you could expect to be paid if you wreck it?

Sure, if you want to pay for the other's damages. In this day & age of uncertainty, it's best to be insured. People lie & insurance companies will believe them (it's much cheaper to make you pay for it).

A truthful insurance agent would tell you no after 7 years on a run of the mill car. Any collision other than a parking lot will get it totaled.

I would do the following: First get a fair used car price on your jeep. Second you could consider keeping your collision but with a higher deductible or what ever level of deductible you're comfortable with. If you're a super good driver and get into an accident when it's someone else's or your fault *the maximum any insurance company will pay out is the present value of your vehicle. That's something to consider. I like NADA used car prices as they consider a more true value of the vehicle.

Before you remove your Collision coverage, there is something you need to know.  Once you drop the coverage, you've usually got less than 12 months before a collision happens.  I've seen it a million times as an insurance broker.  Well, maybe not a whole million, but it happens a lot.  

It very quickly got to the point where I insisted the customers had to sign a document confirming the request.  I even made my mom sign one.  Her car was getting old and low in value, Collision coverage is expensive, and she had never been in any kind of accident in 40+ years, so she signed the request.  Three months later she wrote off her car, and it was her fault.  It happens almost every time, and the only logical explanation is that it's the will of the gods.  Even if you don't believe in the gods, which I don't, that's still the only explanation that fits.

It's not always an at fault accident.  It could be hit & run damage, impact by shopping cart / bicycle / pedestrian, or the vehicle might spontaneously flip onto its roof for no apparent reason.  While I've never seen that last thing happen, all of the above are covered by Collision.

I can't tell you what to do with your vehicle and insurance coverage, but I will tell you to be ready.

Can you afford to replace it without insurance?

My car is worth maybe $6000. It was worth $9000 when I bought it and I have never carried full coverage. But I know and accept the risk of having to pay out of pocket for another car if I total it. 

Many people are not worth enough to take that risk.

Nice to know what model of jeep.  And how loaded it is (or isn't).

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I am guessing that you might want to keep collision on for the next coupe years

I'd tend to think that at only 23K miles it's probably still worth enough to justify collision coverage.  If it's a Jeep Compass or a Patriot then maybe it has depreciated enough that dropping collision coverage makes sense for you but if it's a Grand Cherokee or Wrangler (...especially if it's a Wrangler) then it's definitely still worth enough to keep collision coverage on it.  Wranglers hold value insanely well.

If the retail value is under $5,000 I don't think collision and comprehensive is needed.