Car insurance policies are highly customizable. Unfortunately, when people sign up for a policy by themselves, they often check whichever boxes keep their monthly cost the lowest. This can leave them seriously under covered. On the flip side, there are occasions where people actually sign up for more coverage than they need. Though less common, it is possible to be paying a high amount of money for a policy you really won’t benefit from. 

For critical add-on available for car insurance policies is collision coverage. The basic insurance policies required by the state provide coverage for other vehicles involved in an accident but not your own. Collision coverage is typically not required, but unless you want to spend thousands of dollars out of pocket to repair your own vehicle, you probably want to include it in your policy. 

Let’s take a closer look at how collision insurance works. 

Understanding Collision Coverage 

The first thing people tend to notice when collision coverage is added to their policy is that their monthly premiums go up in cost. However, should you end up in an accident, you could ultimately save yourself thousands (if not tens of thousands) of dollars.  

True to its name, collision coverage provides protection for your vehicle when you collide with another vehicle or an object like a light pole or guardrail. The amount of money you receive depends on the cost of the damage sustained. If the vehicle has been totaled, you will likely be reimbursed for the market value of the vehicle. 

In situations where the other driver is at fault, and the damage to your vehicle exceeds their policy limit, your own collision coverage can step in and make up the difference. Of course, collision coverage only kicks in once you have paid your deductible. If your deductible exceeds the cost of the repairs, you won’t actually receive any money. 

The value of your car, as well as the cost of your deductible ultimately determine whether or not collision coverage is worth it for you. If your car is only worth $1500, and your deductible is $1000, it’s likely not worth the extra monthly charge. Once a vehicle’s worth gets over $4000-5000, however, collision coverage becomes increasingly worth the cost. 

With how complex today’s vehicles can be, even minor repairs can rise above $1000. 

Getting the Coverage You Need 

No one wants to see the cost of their car insurance policy go up. Still, collision coverage can be a critical addition for anyone who doesn’t have thousands of dollars set aside to handle unexpected repairs. Additionally, those leasing a vehicle are almost certainly required to include collision in their auto insurance policy. 

The good news is, it’s still possible to find affordable car insurance. You just might need a little help. 

At Link-Hellmuth, we work with all major insurance providers. We help our customers determine their needs, and then we shop their policy around to find the best price possible. Our services don’t cost you anything. In fact, you’ll likely end up saving money while enjoying better coverage. 

Avoid the hassle of navigation car insurance. For auto insurance in Springfield, Ohio, contact Link-Hellmuth today!