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Is Collision and Comprehensive Insurance Required? No state requires collision and comprehensive insurance, but these are valuable insurance types that shouldn’t be overlooked. And if you...
What Is Collision Insurance and Do You Need It? Collision insurance pays to repair or replace your car after a crash, but it may not be worth it if you drive an old car.
Do You Need Collision Insurance? Collision insurance is optional, so you don’t have to buy it if you own your car. However, lenders usually require collision insurance if you have a loan or...
If you are wondering when should you drop collision and comprehensive coverage, there is no easy answer. You have to carefully weigh your options and make a list of pros and cons. Here are...
Collision coverage pays for damage to your vehicle caused in a crash while comprehensive coverage covers damage caused by things other than a crash, like storms, animals or vandalism. »...
Do I Need Collision and Comprehensive Insurance? If you have a car loan or a car lease, you’re likely required to buy collision and comprehensive by the lender or leasing company.
Do I need collision insurance? Collision coverage is considered an optional coverage because it's not required by any state law. If you lease or finance your vehicle, however, your lender may require it to protect their investment.
Collision coverage helps pay for the cost of repairs to your vehicle if it's hit by another vehicle. It may also help with the cost of repairs if you hit another vehicle or object. That means you can use it whether you're at fault or not.
You need collision insurance if your car is not fully paid off and your lender or lessor requires it. If you fail to purchase collision coverage, your lender or lessor will purchase force-placed insurance for you. That costs significantly more and provides less coverage.
Collision insurance is a type of car insurance coverage that pays for physical damage to your own car, including repairs or replacing a totaled vehicle. It kicks in when you cause the car accident up to the maximum payout limit you chose on your policy.