Car Accident Insurance

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Top 5 Steps to Take When Involved in a Minor Car Accident

Every single day there are major car accidents and small “fender-benders” occurring all around the world. According to the World Health Organisation (WHO), between 20 to 50 million people suffer non-fatal injuries every year in road traffic accidents. We have probably all witnessed or been involved in some sort of road traffic incident, and even […]

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Car Insurance 101: What to Do in a Hit and Run Accident

As a dramatic, stressful, and often traumatizing event, a traffic accident can not only ruin your day or your plans but also affect your physical health and insurance. Making the right decisions and navigating in a stressful situation can be challenging. Experiencing a hit and run, however, can even be agonizing. Understanding how to handle […]

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When Car Insurance Follows the Ride: The Consequences of Letting Someone Drive Your Car

When buying insurance, drivers often overlook secondary issues and seemingly minor aspects. For instance, figuring out whether the insurance covers any driver or only the policyholder is one of the main matters worth considering. Naturally, policyholders are often overwhelmed with all the questions regarding the policy itself and coverage details. That is why they pay […]

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Practical Manual to Finding the Best Car Insurance Company

Today, it can be challenging to make an objective decision with multiple auto insurance ratings at your disposal. When choosing insurance online, potential policyholders tend to look for financially sound providers with affordable coverages and value-added services. Professional insurance comparison is a perfect choice if you want to use a comprehensive approach to selecting the […]

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Auto Insurance Explained: How Does Car Insurance Work?

Securing your property and making sure that you are financially covered in case of an emergency is essential for any human being. The same applies to сhoosing a convenient way to travel or get around. And since cars tend to be the most popular choice, every owner needs to consider an additional security layer — insurance.

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What Is Car Accident Insurance?

Car accident insurance or collision insurance is the coverage provided by insurance carriers in case of a car accident or collision involving 2 drivers or more. In some cases, collision car policy can provide reimbursement in cases of minor collisions with other objects on the road. It is worth pointing out that compensation for the damage done to the automobile is paid to the insured driver regardless of fault.

What Does Car Accident Insurance Cover?

When more than one driver is involved in a road accident, the collision insurance pays for the damages done to the insured vehicle. Although comprehensive and car accident insurances are optional, they sometimes can be required by contract if a vehicle was financed or leased. Unlike car accident (collision) insurance, comprehensive insurance covers non-collision claims related to weather damage, car theft, or acts of vandalism. Simply put, comprehensive coverage protects your vehicle from anything that is not a collision. A collision or a car accident insurance policy helps in paying for repair or replacement of your vehicle if it was damaged from:

How Much Is Car Accident Insurance?

According to the American Automobile Association, standard collision coverage cost ranges from $290 to $360 per year on average or about $24-$30 per month. Undoubtedly, the price for a collision coverage will be different depending on the car make and model, its size, as well as on the city and state you live in.