4 Ways to Save Money on Car Insurance
Save money on car insurance by following the speed limit, keeping your credit score up, choosing your car carefully and making sure you get all the auto insurance discounts you qualify for.
Questioning whether you need collision insurance is a natural part of the car insurance shopping process. Understanding what it does — and what would happen if you didn’t have it — can help you make the right choice for your vehicle and wallet.
Collision insurance helps pay for damage to your car if you’re in an accident with another vehicle or object (like a mailbox).
Imagine you’re pulling out of the grocery store parking lot and run into a moving truck. Or you swerve to avoid hitting a deer and hit the guardrail. Or another driver collides with your parked car and then speeds off. Collision insurance can help cover the costs to fix or replace your car in these types of situations. It can also protect you in an accident that only involves you, such as a rollover.
Collision insurance isn’t required by law. Lenders may require collision coverage if your car is being financed or leased, but if you own your car, the choice to have collision coverage is yours.
When deciding whether to carry collision insurance, you should think about whether your car is worth the cost of coverage. If the hit-and-run accident mentioned earlier ended up totaling your car, could you afford to replace it without facing financial hardship?
Things to consider for collision insurance:
Generally, declining collision coverage means that if you were at fault in an accident, damage to your vehicle wouldn’t be covered. You would be required to pay for any repairs or pay to replace your car on your own.
And since collision coverage is only for your car, it doesn’t cover:
There are three main types of car insurance: collision, comprehensive and liability. Some liability coverage is required in most states to cover injuries to others and damage to their property. Comprehensive coverage is optional and protects your vehicle from things like natural disasters, theft and vandalism.
If you’re in an accident that’s covered by collision insurance, you’ll have to pay the amount of your deductible before your insurance will start paying. Let’s consider the scenario where your car hit the moving truck. If the quote to fix your car was $5,000 and you had a $500 deductible, you would be responsible for the first $500 and your collision insurance would likely cover the rest.
We offer collision insurance deductibles as low as $50, which you won’t find at most other insurance companies. Find your local rep to talk about car insurance options and get a quote.
Updated 10-2-23
Save money on car insurance by following the speed limit, keeping your credit score up, choosing your car carefully and making sure you get all the auto insurance discounts you qualify for.
Full coverage car insurance includes at least three types of protection for your car. See which car insurance coverages are best for you.
Many factors make car insurance costs increase. Cost of repairs, car theft and your personal driving history are a few. Learn what drives car insurance rates.
Connect with your local rep or call us at 866-COUNTRY (866-268-6879). Find out more about car insurance.
COUNTRY Financial® is a family of affiliated companies (collectively, COUNTRY) located in Bloomington, IL. Learn more about who we are.
Auto insurance policies issued by COUNTRY Mutual Insurance Company®, COUNTRY Preferred Insurance Company® and COUNTRY Casualty Insurance Company®, Bloomington, IL.
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