When To Use Collision Insurance Coverage

The importance of auto insurance has never been greater than today. That is because even as traffic has increased tenfold over the past decades, the need for more road safety has also become more present. While the basic auto insurance “package” is meant to protect the driver from a wide range of incidents which can lead to unexpected costs, the most common threat by far is the possibility of a traffic accident. Collision auto insurance is meant to cover traffic accidents, and the best way to find this type of coverage is to use free quotes on car insurance.

The first thing that pops up in most drivers’ minds is the likelihood of their own vehicle getting damaged in an accident. Collision auto insurance will give you financial coverage if you are at fault for causing an accident in which your vehicle gets damaged. When you damage your own vehicle, the insurance company has to pay for the repair costs for the vehicle. And if the repair cost is larger than the entire value of the vehicle, the insurer will need to pay to replace it based on its market value at the time of the accident.

Collision auto insurance will also cover the costs of damage to your vehicle if another driver is at fault. Your insurance provider will then have the right to recover their money from the other driver’s insurance. This is especially advantageous if the at-fault driver does not want to cooperate. And do not worry about your rates being increased if you use this option, because you were not at fault. Make sure to ask your auto insurance provider about how your rates will be affected in specific situations in which your vehicle gets damaged.

To learn more about auto insurance, just visit our Homepage!