What Does Collision Coverage Include?
Collision coverage is a vital part of auto insurance that helps you pay for damages to your vehicle resulting from an accident, regardless of who is at fault. Below are the key components included in collision coverage:
- Accident Damage: Covers damages to your car when it collides with another vehicle or an object, like a tree or guardrail.
- Single-Car Accidents: If your vehicle flips over or crashes into something without other vehicles involved, collision coverage will pay for the repairs.
- Hit-and-Run Incidents: If you’re involved in an accident with a driver who flees the scene, your collision insurance can help cover the repair expenses.
- Vehicle Replacement: If your vehicle is deemed a total loss after an accident, collision coverage typically provides compensation up to the actual cash value of your car.
- Deductibles: Collision coverage typically involves a deductible, which is the amount you must pay out of pocket before your insurance kicks in for claims.
Purchasing collision coverage can provide significant financial security and peace of mind, especially if you frequently drive in busy or high-risk areas. It's essential to include this coverage in your car insurance quotes to ensure you are adequately protected.