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Writer's pictureCristo Garcia

Do I Really Need Collision Coverage?

Updated: Aug 25, 2021

After getting a new car, the first thing you want to do is ensure your car is protected in the event of an unfortunate occurrence; thus, you get car insurance. Car insurance comes in different options, and #collision coverage or collision insurance is just one of these options.


Collision insurance provides your car coverage in the event of a collision with a moving object such as another vehicle or a state object such as a tree. Although this insurance is not necessarily compulsory, it's a great option. In situations where you are leasing or renting a car, then collision coverage seizes to be an option but is then mandatory.

Collision Insurance Takes Care of Car Repair In The Following:

· When your car hits another car

· When your car hits a static object like a tree, a house, etc.

· When your car rolls over

In a situation where another driver hits your car, his/her liability insurance will have to cater for the repair of your vehicle except the driver has no insurance or is unable to pay for damages that your collision coverage will take care of it.


What To Consider When Contemplating Collision Coverage:


Worth Of The Car:

If you've just purchased a new and probably rather expensive car, you want to opt for the collision coverage as this will help reduce the cost of repair in the event of a collision. But for older, less expensive cars, you may want to opt-out of collision coverage because the deductible cost may be equivalent to the worth of the vehicle and up maybe not cost as much to fix.



Cost Of Collision Insurance:

Obtaining collision coverage may require paying a large amount of #deductible for a start. You want to consider if it is worth it because most collision coverage tends to be more expensive than comprehensive coverage. After all, collision accidents are more common. Also, consider the insurance payout; if purchasing a collision coverage may put a strain on your finances, you may want to hold on.


Finally, Why You Need Collision Coverage:

1. One significant #benefit of collision coverage is the reduced cost of car repair or purchase of worn-out parts, particularly if you have an expensive car with expensive parts to purchase. You have collision coverage cover this cost.

2. You can rest at ease because you know in the event of a collision, your care is covered, you can utilize your car for much longer and enjoy the price you paid for it. Therefore, in the long run, getting collision coverage remains the right decision.



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