What Is Collision Insurance?

Collision insurance coverage pays for damage caused to your vehicle in an automobile accident.

  • Standard collision coverage will pay for any repairs up to the fair market value of your car.
  • Collision coverage usually also comes with an insurance deductible, which is the amount of money you pay toward repairs before your collision insurance kicks in.
  • The higher the deductible you’re willing to pay, the less the collision coverage will cost.