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Auto Insurance Collision Coverage

Collision auto insurance covers your car if it is damaged as a result of an auto accident. This includes accidents that happen while your vehicle is in motion, or while it is parked. While damage to your parked car should be covered under the insurance of the offender, you will not always be given that information, and auto collision insurance will cover the damage if that happens. Auto collision insurance coverage is suitable for anyone, as long as the vehicle is worth the cost of the coverage.

If your vehicle is under financing, you will be required to have comprehensive coverage, which includes auto collision insurance. The lending institution will require this because they do not want their investment to be at too high of a risk. If your car is totaled in an automotive accident, they want to know that you will have the money to pay off the loan, or replace the car.

One way to reduce the cost of your collision coverage is to raise your deductible. Be careful with this, because you do not want the sum of the deductible and the premiums to be more than the car is worth.

The main benefit of collision insurance is peace of mind. Car accident collision insurance assures you that you will never be without a vehicle, even if you are in an accident. Even if the accident is your fault, you can still repair or replace your vehicle with auto collision insurance coverage. This is why you should consider buying collision insurance for your vehicle.


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