Collision insurance is coverage that helps to repair or replace your car due to damage from an accident, such as a vehicle collision, the hitting of an object, or single-car accidents. This type of insurance doesn't cover damage not related to driving, damage you cause to another vehicle or medical bills.
Collision insurance is a type of coverage that helps repair or replace your car if it's damaged in an accident with another vehicle or object. If you're leasing or financing your vehicle, this type of insurance is typically required by the lender. But unlike liability insurance, it's not required by law.
While coverage differs from provider to provider, there are a few standard allotments covered by this type of insurance. These include:
Additionally, there are a few things that aren't typically covered by your collision insurance policy.
Here are a few quick tips before you choose your collision coverage.
Yes. Collision insurance can actually be considered a type of supplemental insurance, considering it's required only by most finance companies rather than mandated by law. While finance companies need basic collision insurance for financed vehicles, you can purchase additional coverage for that which isn't covered by your collision insurance. This is known as supplemental insurance and covers a variety of things, including:
Also, car rental allowances, towing, and roadside assistance are essential, low-cost considerations that are supplemental to your insurance, but provide added protection on the road. For that reason, these benefits are also considered a type of additional insurance.
When it comes to car insurance, there are several factors to consider beyond monthly cost. A policy that covers you when you need it, has a low deductible, and offers several discounts can be hard to find - which is why we've done the work for you.