Define: Collision Insurance Coverage

Collision insurance coverage is a type of auto insurance that pays for damages to your vehicle in the event of a collision with another vehicle or object, regardless of who is at fault.

Collision insurance coverage is not required by law, but it is often required by lenders if you have a car loan or lease. Additionally, some states may require collision coverage if you have a history of accidents or violations.

Collision insurance coverage typically covers the cost of repairing or replacing your vehicle if it is damaged in a collision. This includes damages caused by hitting another vehicle, a stationary object, or even if your vehicle rolls over.

No, collision insurance coverage only covers damages to your vehicle. If you or your passengers are injured in a collision, you would need separate coverage such as personal injury protection (PIP) or medical payments coverage.

Yes, collision insurance coverage will pay for damages to your vehicle regardless of who is at fault in the collision. However, if you are at fault, you may be responsible for paying a deductible before the insurance coverage kicks in.

The cost of collision insurance coverage varies depending on factors such as your driving record, the value of your vehicle, and your deductible amount. It is best to contact your insurance provider for a personalized quote.

In most cases, you have the right to choose your own repair shop if you have collision insurance coverage. However, some insurance policies may have preferred repair shops or require you to get multiple estimates.

No, collision insurance coverage typically does not cover damages caused by natural disasters such as floods, earthquakes, or hurricanes. For these types of damages, you would need comprehensive insurance coverage.

Yes, you can generally cancel collision insurance coverage at any time. However, if you have a car loan or lease, your lender may require you to maintain collision coverage until the loan or lease is paid off.

If your vehicle is deemed a total loss in a collision, collision insurance coverage will typically pay you the actual cash value of your vehicle at the time of the accident, minus your deductible.