Auto collision insurance may provide financial support following an accident. Without it, you could be left with hefty repair bills or the cost of replacing your car entirely. For example, if you accidentally rear-end another vehicle at a stoplight or lose control on an icy road and hit a guardrail, collision insurance may cover the repair costs for your car. Having this type of coverage helps you avoid significant out-of-pocket expenses.
What Is Auto Collision Insurance?
Auto collision insurance is a type of coverage that may pay for repairing or replacing your vehicle if it is damaged in a collision with another vehicle or object. If you finance or lease your car, most lenders will require you to carry collision coverage.
What Does My Policy Cover?
Collision insurance may cover damage to your vehicle resulting from a collision with another car or a stationary object, such as the following:
Collision insurance may also cover single-car accidents, such as when you crash into a wall or if your car flips over due to losing control. Collision insurance may pay for repair costs up to the actual cash value of your vehicle, minus your deductible. If your car is totaled, collision insurance may help you replace it with a similar model.
How Does Collision Differ From Comprehensive Coverage?
Collision coverage helps you avoid financial loss when your vehicle is damaged due to a collision with another vehicle or object. This coverage is crucial for repairing or replacing your vehicle after an accident, no matter who is at fault.
On the other hand, comprehensive coverage may provide financial aid after noncollision incidents, such as burglary, fire, theft or vandalism. While both types of coverage are essential, they serve different purposes and provide financial support in various scenarios.
Contact Us
Nor Cal Pacific can help you learn more about the benefits of auto collision insurance. Contact us today to get a custom quote.
|