Why Get Collision Coverage for Cars

There are several common types of automobile insurance coverage categories: bodily injury, personal injury protection (PIP), and uninsured motorist (UM), just to name a few. Collision insurance is one of those types of coverage and pays for damages to your vehicle when you are the at-fault driver.  Find out more about this coverage and get a free auto insurance quote online from our website.

# car insuranceLet’s say you hit another car or street sign pole. Collision insurance will cover the cost of repairs or replacements to your own car, in case it gets totaled. Although collision insurance is not required by law, if you’re buying or leasing a car you’ll typically be required by the lending institution to purchase both collision and comprehensive coverage. When the car loan is paid off, you can decide to keep or drop your collision coverage.

Collision coverage is primarily for your vehicle’s damage, minus any deductible you will have to pay out-of-pocket.  Just like comprehensive coverage, the value of the deductible will heavily influence the coverage cost.  Also, you must keep in mind the fact that your car’s value depreciates over time. It is wise to consult your car’s value each year before renewing any collision coverage.  If the value becomes too low, you should consider dropping the coverage.

Since this policy is pretty expensive, it would be wise to get quotes and compare prices. Now you can easily find online car insurance quotes for this type of policy. All you have to do is to find an adequate online brokerage website, input data and compare results. Once you are satisfied by the prices, you should study more about the company/companies and contact them. Schedule a date for negotiations and make sure to understand all terms of the contract.

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