Asked by Anonymous from Anonymous
Thanks for the question!
For others who might not know: collision insurance pays for the damage to your car, in the event of an accident. If the accident is your fault, then your insurance company will pay to fix your car as well as the others. But if you are not at fault, then typically the at fault person’s insurance is liable.
Reasons to have collision insurance:
–If you are financing a car, you need to have collision, so it is not a choice.
–If you and the other party of the accident disagree with who is at fault, your insurance company will pay to fix your car and take over the legal claims against the other party.
–If you are in an accident where the other driver is at fault but doesn’t have liability insurance your collision insurance will kick in to help.
–If there is not another party in the accident (you hit your garage, you run into a deer), collision insurance will apply.
However, specifics like how much you can save by dropping collision on one car versus another is best handled by licensed insurance agents in your area. You can find them by going through the InsureMe request application at www.insureme.com.
Please note: InsureMe Answers is not intended to be a substitute for advice from a licensed professional. For specific questions about a policy or claim, please contact your insurance agent or company.