When you take all factors into consideration, the age of the vehicle is only a small factor in the overall price of car insurance. All coverages are subject to compliance with the Statutory Conditions outlined in your policy. Please refer to your insurance certificate for further details. File a Claim Get a Quote. Menu Close Menu. EN View Details. Back to Claims. What's collision coverage? So, when should you choose collision coverage? When considering if you should choose collision coverage or not, take these three factors into account: Car value Deductible amount Personal financial situation i.
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Easily compare personalized rates to see how much switching car insurance could save you. Collision insurance covers damage to your own car from:.
A crash you cause with another driver. A collision with an object such as a tree or mailbox. Then, your collision insurance would kick in.
Collision and comprehensive insurance, combined with liability insurance, is typically referred to as full coverage insurance. Usually, collision insurance is subject to a deductible , a set amount subtracted from any collision claim check. This deductible would also apply if your car was still drivable, but the damage would cost more to repair than the value of your car, and the insurer declares it totaled.
You could still repair your car, but it would be recorded as salvaged on the title. Available only in some states, this waives your deductible if an uninsured driver causes an accident and your collision coverage has to pay. If the damage to the car exceeds the value, standard collision coverage will only cover the actual cash value of the car based on market research.
Here are some situations that are covered by collision insurance:. This is your out-of-pocket cost in the event of a collision loss. So how does a deductible work? Many people choose a higher deductible, so they can save money on their premium. So choosing a deductible may be a balance between your comfort with risk and your budget. If the three-year savings is less than the cost of the higher deductible, it may be more worth your while to opt for the lower deductible.
But there are certainly other things to consider when choosing a deductible for your collision insurance. Your ability to pay is one. Also, consider the value of your car.
If you want collision coverage, most insurance companies also require you to have comprehensive coverage. This is often referred to as full coverage. Both give you coverage when damage occurs to the vehicle, but it comes down to how the damage occurred.
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