No driver wants to be involved in an accident, but in many cases, those who pay auto collision insurance have a far easier time navigating payments post-crash than those who go it alone. Yes, in some cases, auto collision insurance may not be right for you.
Since we want our local drivers in Brockton, Randolph, and Stoughton to make the right decisions regarding collision insurance, we’ve devised a crash course in auto collision insurance 101. Find out what you need to know about auto coverage when it comes to accidents here.
What It Means and What’s Covered
Auto collision insurance is a specific insurance plan type that can pay to fix or replace your vehicle should you be involved in an accident. That could be:
- A crash with another vehicle (e.g., another car rear ends you, you rear-end another car)
- A collision with a fixed feature (you hit a mailbox, tree, etc.)
How It Works
In the event of a crash or collision, it literally pays to have auto collision insurance supporting you. How it works is similar to the way in which other plans function: You choose your plan with a maximum deductible dollar amount you would feel comfortable with paying in the case of an accident. The rest of the payment required to restore and fix your vehicle is paid for by your insurance provider.
Keep in mind that the higher a deductible you choose, the lower your premium will be (what you pay to keep the plan active each year), so choosing a deductible that’s a little higher to lessen the policy cost is usually a good idea.
Optional Coverage: Is It Right for You?
Yes: Wrecking your new car without collision coverage can be extremely costly, which is why, if you’re driving a recent-year model, auto collision insurance is a must-have in our books. Additionally, many banks require drivers to enroll if leasing or financing through them.
No: The only way it doesn’t pay to have auto collision insurance (or at least doesn’t make much financial sense to do so) is if the value of your car is close to or less than the value of your deductible. So if you’re driving an older car that has a high number of miles on it, it probably doesn’t make sense to pay a steep deductible on your lower-value vehicle.
Your car’s cash value = its value at the time of purchase – age (depreciation) – current condition
Collision 24’s Take on Auto Collision Insurance
We encourage all of our new car owners in Brockton, Randolph, and Stoughton to enroll in an auto collision insurance plan. Even if you’re the best driver in Massachusetts, accidents do happen and collision coverage can help maintain you and your family’s financial stability.
If you do happen to be involved in an accident, you can count on Collision 24 as your local resource in navigating the post-accident realm. We’re a direct repair facility that strives to make the repair process stress-free by working openly with your insurance company.
Our trustworthy 24-hour towing services ensure that you get to us quick and get back on the road even faster. State-of-the-art computerized equipment and expert collision bodywork specialists work to transform your vehicle back to looking even better than it did pre-collision. Feel free to contact us with any questions or to schedule an appointment today!