What Is Collision Insurance? 

Collision insurance may help pay for damage to your car after a crash involving another object or vehicle, regardless of fault. It is not required by law, but if you lease or finance your car, your lender may require it.

What Does Collision Insurance Cover?

Collision insurance typically covers repair or replacement costs for your vehicle after inevitable accidents. It can be especially valuable if your car holds significant value or is difficult to replace. The following are examples of covered incidents:

• Colliding with another car
• Hitting a pole, guardrail or tree
• Crashing into a building or structure
• Damage from a rollover accident
• Single-car accidents involving road hazards

Collision insurance does not cover theft and damage due to vandalism, severe weather or hitting an animal. Those may be covered by comprehensive insurance. Personal injuries or damage to someone else’s vehicle or property may be covered by liability insurance.

Does My Auto Insurance Deductible Apply to Collision Insurance?

Yes, your auto insurance deductible generally applies to collision claims. The deductible is the amount you pay out of pocket before your insurer covers the rest. You choose this amount when buying your policy. A higher deductible can mean lower premiums, but you’ll pay more upfront if you file a claim.

How Much for Coverage?

The cost of collision insurance varies based on factors such as the driver’s age, driving history, type of vehicle and the deductible. Insurance companies also consider the vehicle’s value, repair costs, and where and how often the car is driven.

Contact Us

Winnett Insurance Agency Inc. is the agency you can trust for collision insurance. Contact us today for a personalized quote.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.