Collision coverage (sometimes called "auto collision insurance") is the part of your auto insurance that typically pays for damages to your auto from accidents involving other cars or objects.
After an accident, you'll pay your deductible then insurance pays the rest up to the actual cash value of your car. This benefit usually pays up to the actual cash value of your car, which takes into account things like the purchase price, age, and condition.
One of the most important factors to consider when choosing a deductible is how much you would be comfortable paying out if you had an accident. Deductibles can range anywhere from $0 to $1,000. And while a higher deductible helps you save money on your premiums, remember that you'll have to pay more in the event of an accident.
Another thing to think about - if your car is old and worth close to or less than your deductible, collision coverage may not be right for you. If you want help deciding what your limit should be, try Allstate's Bumper-to-Bumper Basics® tool.
Since accidents are the most common kind of insurance claim, car insurance collision coverage is usually the priciest portion of your total premium cost. But as we mentioned above, an older car that isn't worth much might not even need this coverage. If you're still worried about paying too much every month, try increasing your deductible.
Want to know more about how collision coverage affects your premiums? Compare your options and find out how much you could be saving - use our easy online quote. Or, you can always speak to an Allstate agent at 1-800-ALLSTATE (1-800-255-7828).
Liability coverage protects you from damage you do to others or to property in an accident.
Comprehensive coverage helps pay for covered losses caused by natural disasters, theft, vandalism, or other similar events.
Uninsured & underinsured coverage helps protect you if the covered accident was another driver's fault and the other driver has no auto insurance or not enough insurance to cover the expenses.
Medical payments coverage helps pay medical bills if you or your passengers are hurt in a covered accident. This option may also cover other members of your family when driving the insured car.
Personal injury protection (not available in some states) typically helps reimburse you for lost income, child care expenses, medical expenses, and other similar things if you're hurt in a covered accident.
The availability, qualifications and amounts of these discounts may vary from state to state. In addition, terms, conditions and exclusions not described above may apply, and total savings may vary depending on the coverages purchased. In some states, we may offer discounts that are not listed here. For more information regarding your eligibility for these savings opportunities, please contact your Allstate agent.