Car Accident Insurance: Definitions & Articles

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.

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How to Obtain Car Insurance for Non-U.S. Citizens

Despite COVID-19 travel restrictions, the United States remains one of the most popular travel destinations. Over 22 million tourists crossed the U.S. border in 2021, with a fair share of them renting a car to navigate the country only to be caught off-guard by national auto insurance requirements. Not only is car insurance mandatory in […]

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No-Claims Bonus: Premium Reduction for Safe Drivers

With millions of car crashes, over 34,000 fatalities, and well over 1.8 million injuries on the road, the importance of car insurance is out of the question. But even though a wisely chosen car insurance policy can provide you with all-encompassing coverage, compensating for bodily injuries and property damage, the insurance premium can bite. As […]

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Uninsured Motorist Coverage: Your Extra Protection from Uninsured Drivers

Uninsured motorist coverage helps you mitigate the risk of other drivers not having liability car insurance at all.

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Understanding the Consequences of Drunk and Impaired Driving: The Difference Between DWI and DUI

The DUI and DWI terms tend to cause a lot of confusion in the general population. But it is only natural because federal laws offer no clear distinction between the two. When looking up DUI, you may also find other criminal offense names like DWI, OVI, or OWI. In essence, they all are synonymous terms […]

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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

Traffic accidents are traumatizing, affecting people in more ways than imaginable. Making intelligent decisions and navigating stressful situations can be challenging, especially when experiencing a hit-and-run collision. Understanding how to handle such auto accidents right is the key to ensuring that you and your vehicle are sufficiently protected. What To Do In The Event Of […]

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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 questions regarding the policy itself and coverage details.  That is why they pay no attention […]

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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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