Collision

This covers the repair or replacement of your car as the result of an accident, regardless of who was at fault. It is usually required if your car is financed or leased. Typically, it costs about one-third of the total policy. Since collision is such a significant portion of an auto policy’s premium — and premiums tend to be adjusted based on the number of claims you’ve had — you should carefully consider before submitting collision claims for minor repairs.

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