Buying car insurance is not exactly the easiest thing in the world to do. Many people think that all they have to do is call an insurance agency, say, “I want car insurance” and then they have exactly what they want. In reality, it couldn’t be any different. When you do this, you are at the mercy of the insurance company, and you could end up paying for insurance products that you don’t need. It may even be that you have no idea what your insurance covers, and you don’t understand all of the ins and outs of your policy. For instance, do you have collision coverage? If so, is your collision insurance worth it, or is it just something you are paying for and don’t really need?

When Should You Have Collision Insurance?

You may be wondering, “is collision insurance worth having?” In some cases, it is a really good idea to have this type of insurance coverage. For instance, if you have a newer model vehicle, it would probably cost quite a bit to replace it if you were to total it in an accident, and your collision insurance would cover the cost to replace the vehicle. If you are renting or leasing your vehicle, you will probably be required to have collision coverage by the leasing company for as long as you are renting or leasing. If you have financed your vehicle, your lender may also require you to have this type of insurance coverage.

If you have an older model vehicle, it is probably not worth it to bother with collision insurance. It might even be more expensive to have the coverage and pay the deductible than what your vehicle is worth. The only exception to this rule would be if you have an older model vehicle that you have restored or kept in immaculate condition. The vehicle may be considered a classic or antique, and you will want to have as much insurance coverage as possible, making collision insurance worth it. If you don’t drive the vehicle often, it may be that you don’t really need to have collision coverage. Again, it is up to you in the end.

Know What You Need and Shop Around for the Best Insurance Rates

When you have a vehicle that is newer or special it makes having collision insurance worth it. If you decide that you do want to have this type of coverage, the next thing you have to do is find the insurance company that is going to offer you the most coverage at the lowest price. This used to take a lot of driving around town or making phone calls, and took a lot of time.

Now, you can get multiple quotes in just a few minutes when you go online. We take your zip code and search our databases to get quotes from a number of insurers in your area. Then, you can take a look at what each has to offer, and if they make collision insurance worth it to have.