What is Collision Automobile Insurance?
Posted: 10/22/2009
Collision automobile insurance is insurance that will provide coverage for your vehicle if you strike another vehicle, or if you are struck by another car or inanimate object. Collision coverage will pay to fix your vehicle minus the deductable. It might be wise to chose a large deductable to keep your premiums as low as possible, but remember you will be paying out of pocket for that deductible if you were to be involved in an accident. Coverage will be limited to the pre-determined terms and conditions in your policy, and may not be necessary for older vehicles since the coverage is limited to the cash value. Collision insurance may not be required by certain states, but a lien holder will require it to have a lease or loan with them.
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