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In Kentucky Collision Coverage is the part of your insurance policy that covers the property damage done to your car that has been involved in an automobile accident. There must be an actual collision (if there is damage that was not the result of a collision you would look to your comprehensive Coverage for repairs). Only your vehicle is covered by your Collision Coverage and no one elses. Damages to any other vehicle would be covered by your Liability Coverage.
When you are meeting with your car insurance agent and discussing your insurance policy you will likely be looking for ways to save money. Every little bit helps these days. One way your insurance agent can save you money on your car insurance premium is to offer you a deductible. The deductible is a set amount you agree to pay for the repairs on your automobile if your car is damaged in a collision before your insurance company would begin paying. Deductibles can range from $500.00 up to $2,500.00. The higher you go on your deductible the lower your premium will be. When deciding on a deductible you need to consider your options and decide if the higher deductible is worth the savings on your premium.
Another thing to consider when deciding on Collision Coverage is the value of the car. If you are like some people you may have a junk car for your less glamorous tasks, taking the dogs to the vet and transporting compost for the garden. These vehicles typically would be cheaper to replace than to repair if involved in a collision therefore Collision Coverage would not be necessary.
It is my belief that you shouldn't be afraid to ask your insurance agent questions. Ask your agent what your options are with collision deductibles and make the choice that makes sense for you. It is my belief that you should not be afraid to ask your insurance agent questions.
For more information on questions to ask your car insurance agent , additional information on purchasing car insurance and on Louisville, Jefferson County attorney Mike Schafer go to www.mikeschaferlaw.com
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