When it comes to auto insurance, some people are willing to compromise great lengths to ensure they don’t have to spend much from their pocket. One of the types of coverage that most car owners underestimate is the collision insurance. Most people are under the assumption that since they are good drivers, there is no way there are going to be at fault in an accident and hence overlook the need for collision insurance. Well, here are some facts based on reality that will underline the need to opt for this type of insurance coverage.
- You may be counted among the safest and most reliable drivers in the world, but you never know when things may go wrong. There are chances that you may cause an accident. If you find yourself in such a situation, then you will not be eligible to file for claims from the other driver. You will have to fund the cost of getting your car repaired by yourself and this can be very heavy on your pocket. It may even set you back by a few thousands of dollars.
- Imagine yourself to be in an accident where you blame the driver of the other car and he blames you. Under such circumstances, you cannot file for a claim against the driver of the other car until it has been sufficiently proved that he caused the accident. The legal proceedings may take months or years and again, you have to bear the cost of getting the car repaired.
- Just imagine you ram your car into a tree or a pole, there is no one against whom you can file a claim. Again, you will have to fund the repairs.
In all the three cases listed above, you can be sure of financial assistance from the insurance company if you opt for collision insurance. You can get this coverage from any leading auto insurance providers. The amount that the company will fund in case of accidents is dependent on the make and model of your car and its market value.
If you have a car that is relatively new and is loaded with the most technologically advanced features, chances are that you may have to pay through your nose for this coverage. But, if you think well and consider the various factors that have an impact on the premium, you can vary them to get this coverage at a cost that fits your pocket.
