Collision Insurance
Auto coverage that pays to repair or replace your own vehicle after an accident, regardless of who was at fault. Collision coverage is optional unless you have a car loan or lease, in which case your lender usually requires it. It comes with a deductible you pay before the insurer covers the rest.
Related Terms
Disclaimer: This glossary entry is for informational purposes only and does not constitute financial or insurance advice. Consult with a licensed insurance professional for personalized guidance. GuardianChoices may earn affiliate commissions from links on this site — see our advertiser disclosure.
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