learn more about auto gap insurance

While auto liability insurance is required in all but two states, collision insurance is not. When you are looking for an auto insurance quote you need to specifically request collision insurance if that is what you want. Collision insurance will pay for the repairs to your car if it is in a single car accident or any other accident that is not covered by an insurance policy. In the case of an accident where your car is totaled it is the collision insurance that will pay off what the car is worth to either yourself or the company that has financed the car. The newer the car the more important it is to get a collision auto insurance quote.

There will be times in the life of your car when you may be required to get a collision auto insurance quote. No matter who you finance it with, they are going to want to know that in case the car is damaged or totaled that they will get their money. Most of these institutions will be willing to offer you an auto insurance quote to cover their ownership of your car. Be careful of these because they tend to be much more expensive than other sources.

You may feel that the figure you get from your car insurance quote is quite high. If that is the case there are things you can do to reduce your premium. One is to examine the deductible on the policy. Collision insurance comes with anywhere from a $250 to $1,000 deductible on the policy. In the case of an accident you are responsible for paying the deductible amount and the insurance company picks up the rest. By requesting a higher deductible your automobile insurance quote can be reduced dramatically. Of course your out of pocket expenses in the case of an accident goes up too.

When requesting an auto insurance quote for collision coverage be sure that you ask for the same coverage with the same deductible from each company you deal with. As with people, insurance companies will vary in how easy they are to work with or even to get an auto insurance quote from.

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