Collision Coverage

With collision coverage, your car insurance company will pay for any damages to your vehicle if it is smashed, hurt or ruined in a collision. You are responsible to pay your deductible on the collision coverage and then your insurance company pays everything beyond that.

If you drive a newer car, having appropriate collision coverage is key, as your repair costs will be high. If your car is older, collision coverage may not be necessary, as the costs to repair your vehicle may exceed its value. In this case you would consider it totaled and buy another car. Choosing the right deductible is important with collision coverage. While a higher deductible will lower your premium cost, it may be difficult for you to come up with $1500 or so to pay for the first part of your car’s repair expenses. Also, if your repair expenses are less than $1500, your car insurance won’t have to pay any of it.

Selecting a lower deductible will raise your premium a small amount, but it is negligible compared to the value of only paying $250 or $500 out of pocket. When you get your free quote for car insurance on our site, compare rates for different levels of deductibles on collision coverage to understand the value of choosing a lower deductible.