Liability coverage is basic and required in almost all states. Collision, on the other hand, is an optional type of insurance that helps pay for the damage to your car following a collision. It’s part of a full
There are many types ofcar insurancecoverages you can choose from. Generally speaking, though, the only one that is legally required is liability coverage, which covers the bills if someone else is hurt or another person's property or vehicle is damaged in a collision you cause. But many dr...
Collision insurance vs. comprehensive insurance vs. full coverage insurance While collision coverage pays for collisions, comprehensive insurance pays for non-crash damage to your vehicle, such as fire, hail or theft. The combination of collision and comprehensive insurance, combined with liability insura...
Most states have laws that require all drivers to have some degree of insurance coverage if they plan to drive a vehicle in the state, often to cover bodily harm and liability for property damage.1 Collision coverage is not always part of these basic mandates though. You may choose to add...
Collision insurance or collision coverage is part of your automobile insurance policy that covers any damages to your vehicle caused by an accident. Collision insurance will only cover damages due to accidents you cause.
Jim Waltrip
Collision coverage is the kind you want to have if your vehicle is totaled, either because of an accident or due to an act of nature. But it will bump your auto insurance premiums up a bit, so drivers are often eager to drop it as soon as they reasonably can. Knowing when it's the...
If you’ve recently purchased a new vehicle, you know that you most likely need to purchase a basic type of car insurance, usually known as liability coverage. Beyond that, though, you may be overwhelmed by your coverage options. Comprehensive and collision are the two types of physical damag...
Collision insurance can be bought only in conjunction withliability and comprehensive coverage. Collision insurance repairs damage when two vehicles in drive or reverse collide with each other. Collision insurance will cover damage to your vehicle if you hit ice and slide into an inanimate object. ...
but you may want to drop the collision portion. This is the coverage that pays for the damage to your car when you are at fault. If your car has depreciated greatly over the course of the car loan, it is worth considering, especially if you are a good driver. When you look at how...