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What is a collision deductible?

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When your vehicle is damaged in an accident, collision insurance is an optional coverage that pays the cost of repairing or replacing it, minus the amount of your deductible. Collisions can involve another vehicle or an object, like a guardrail or a tree. read more

Collision deductible waivers If you're struck by an uninsured driver, a collision deductible waiver can pay your collision deductible. In states where it's available, you're required to buy a collision deductible waiver in conjunction with your collision coverage. read more

A higher deductible means a lower rate (and vice versa). For example: Let's say that collision coverage costs $250 for a six-month policy with a $100 deductible. The chart shows how adjusting the deductible can change the price. Increasing the deductible from $500 to $1,000 is the biggest jump in savings. read more

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