Collision Coverage Protection

Collision coverage is the part of your auto insurance that typically pays for damages to your auto from accidents involving other cars or objects.

After an accident, you’ll pay your deductible, then insurance pays the rest up to the actual cash value of your car, which takes into account things like the purchase price, age and condition.

Collision Coverage 101 – Your Deductible

One of the most important factors to consider when choosing a deductible is how much you would be comfortable paying out if you had an accident. Deductibles can range anywhere from $0 to $1,000. While a higher deductible helps you save money on your premiums, remember that you’ll have to pay more in the event of an accident.

Another thing to think about – if your car is old and worth close to or less than your deductible, collision coverage may not be right for you.

How Much Does Collision Coverage Cost?

Since accidents are the most common kind of insurance claim, car insurance collision coverage is usually the priciest portion of your total premium cost. But as we mentioned above, an older car that isn’t worth much might not even need this coverage. If you’re still worried about paying too much every month, try increasing your deductible.

 

Your best choice for insurance

The first right decision in protecting all of your assets is finding an insurance agent who understands YOU and your family. We pride ourselves in taking the time to discuss your needs to ensure that you don’t find a gap in coverage when you need it most…something that can’t always be done in 15 minutes and is too important to rush. Make sure you and your family are fully protected and call us at 407-977-5700 or email any time at robert@wurzelagency.com.

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