What Is Collision Coverage For Auto Insurance

Collision coverage is a type of car insurance coverage that helps pay for damages to your vehicle if it is involved in a collision with another vehicle or object. It typically covers the cost of repairing or replacing your vehicle, minus any deductible, if you are at fault in an accident.

Collision coverage is optional in most provinces, and it is typically added to a car insurance policy for an additional premium. It is generally recommended for drivers who own a newer or more expensive vehicle, as the cost of repairing or replacing the vehicle may be high.

If you have a loan or lease on your vehicle, your lender or leasing company may require you to have collision coverage as a condition of the loan or lease.

Overall, collision coverage is a type of car insurance coverage that helps pay for damages to your vehicle if it is involved in a collision, and it is generally recommended for drivers who own newer or more expensive vehicles.