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 Far Back Do Insurance Companies Check Driving Records?

I’m considering changing my insurance, but I’d like to know how far back into your driving history an insurance company can look when giving you a quote. Insurance companies often look back from 3 to 5 years to assess your risk as a driver. A speeding ticket, road accident, or other violation will likely increase […]

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Classic Car Insurance

What Is Classic Car Insurance? Classic car insurance is insurance for old cars and cars with historical interest, although the definition varies. Classic car insurance companies cover upgrades, replacement parts, repairs after an accident, and agreed value coverage, with the latter standing out, and here’s why: Typical car insurance is priced based on the current […]

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Do You Need Insurance for a Moped?

Mopeds make commuting a pleasure, especially in crowded states like New Jersey, Rhode Island, or Massachusetts. Not only can you avoid traffic jams and easily find a parking space, but you can save money on taxes and sometimes even insurance. Speaking of which, you may or may not need moped insurance depending on the state […]

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Getting Pulled Over in Someone Else’s Car Without Insurance

With well over 228.2 million licensed drivers in the United States, the question of whether car insurance is required is rarely raised. Auto insurance is mandatory in all states with very few exceptions being New Hampshire and Virginia. It is commonly known that drivers will get penalized if caught driving without insurance, but there are […]

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Why Is Electric Van Insurance More Expensive?

The market for electric vehicles is growing at an impressive rate, and so is the demand for electric vans. Not only does an electric van give you more freedom, but it also allows you to make our world a better place. Lower running and maintenance costs, no tailpipe emissions, simpler driving — the pros of […]

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Why Is Electric Car Insurance So Expensive?

The market for electric vehicles has grown tremendously over the past decade, with over 6.7 million plug-in electric vehicles sold in 2021 alone — a mind-boggling 116% surge in just one year. Electric cars are safer, cheaper to run, environment-friendly, and projected to capture 10% of the market share. But the price disadvantage is still […]

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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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