Collision Coverage

Collision coverage is a type of insurance that helps pay for repairs to your own vehicle if it is damaged in an accident. This coverage is different from liability insurance, which pays for damages to other people or their property. So, let’s say you accidentally rear-end the car in front of you. With collision coverage, you can file a claim with your insurance company to help cover the cost of repairing your car. Collision coverage is especially helpful if you have a newer or more expensive vehicle, as repairs for these types of cars can be pricey. However, it’s important to note that collision coverage usually comes with a deductible. A deductible is an amount of money you agree to pay before your insurance kicks in. Typically, the higher your deductible, the lower your insurance premium will be. For example, if your deductible is $500 and you have $2,000 in damages from a collision, you would have to pay the first $500, and your insurance would cover the remaining $1,500. Collision coverage is not required by law, but it can be a smart choice to protect yourself financially in case of an accident.