When you’re faced with car insurance policy options, you might decide to forgo collision insurance simply because you don’t want the added cost on your policy.

For some drivers, this protection isn’t optional. If you lease or finance your car, the lender usually requires you have collision and comprehensive insurance.

But if you’re someone who has the option of adding collision insurance to your policy, should you do it?

Well, for many drivers this coverage ends up meaning the difference between being able to repair or replace their vehicle, or being stuck without a car because they can’t afford to replace it or fix it!

Ask yourself if you could cover the cost of repairing or replacing your vehicle on your own if you were in a collision.

If the answer is no, collision insurance is probably a smart option for you!

For some drivers with older vehicles, they might opt out of collision insurance because the value of the vehicle is lower than what it would cost to add more protection to the possible.

But for cars worth more than $10,000, many drivers will decide to add collision insurance to their policy.

What will collision insurance cover?

If you have collision coverage, you have financial protection for repairing or replacing your vehicle, even if you’re at fault for an accident.

The three types of collisions this coverage applies to are:

  • Collisions with another vehicle
  • Collisions with an object (i.e., a tree or fence)
  • Single-vehicle collisions such as rollovers

When you consider the ins and outs of collision insurance, it’s not hard to see why so many drivers choose to add it to their policy. The monthly premium for collision insurance often pays off in spades in the event you’re in an accident!

If you’d like to learn more about collision insurance and what a policy might look like and cost for you, get in touch with ASA Insurance today!