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Tips to get a good deal with auto collision insurance

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Auto collision insurance, as the term suggests is the coverage you will get when your car collides either with another car or with an immovable object like a wall or tree. It is an important coverage item although a lot of drivers looking to cut down upon their premium costs decide to let go of it. Here are some tips when it comes to taking auto collision insurance.

What is the value of your car?

The value of your car usually decides what insurance you take and what insurance you don’t. Ideally, if the value of your car is much higher than 10 times the coverage, then you must go for the insurance. If it is a new car with expensive parts, you shouldn’t really take the risk of not having all the proper coverage you need. On the other hand, if it is an old car then you can escape the auto collision insurance cost.

Mileage

One of the problems with collision insurance is that if your mileage is excessively high, you might not get the coverage that you would want after a collision. Therefore, if you are one of those drivers who use their car a lot, then you need to make sure you are covered from all ends. Those who drive less and therefore have a relatively newer car will manage to get a better coverage that will be able to replace the car with one of the same model and make from around the same time your car was bought.

Totalled car

When you are going for auto collision insurance there will be a totalled car clause which you will have to inspect carefully. Totalled car insurance is the coverage offered when your car is completely damaged and rendered incapable of further usage. The insurance company usually provides coverage which in its opinion will be able to get you a similar car. If your car is relatively older, then the premiums you pay are much higher than the cost you will receive if it is totalled. So you will have to take a call.

Deductible

This is the amount that according to the policy, you would pay for the car damage repair out of your pocket at the time of the accident. If it is higher, the premium goes down. But you have to be careful, because if deductible is too high, you will be getting far less coverage after collision damage.