re: Paid off my car today...what next?

1) Congrats!

2) Start saving that $375 a month in a dedicated account somewhere so you can make a huge cash payment when you buy your next vehicle.

3) Title - depends on the state. Some states require a new title to be issued without the lienholder, others the title stays the same and the lienholder issues a letter releasing themselves from the title. Would not hurt to call the finance company and ask them when you will receive the paperwork.

4) Absolutely keep comprehensive. As far as collision, if you only have 65K miles on it, and you paid it off early, my guess is the car might still have a lot of value to it. Yes, collision is something you should be able to "control" but accidents happen even if you are a super safe driver... tires blow out, etc.

I would look at the actual cash value of your car, and if that number is a number that you can't easily replace with other savings... I'd keep the coverage until your savings go up and your ACV goes down.