Auto Insurance - Collision Coverage

The O'Quinn Insurance Agency offers insurance in the greater Volusia and Flagler county areas including Daytona Beach, Port Orange, DeLand and Ormond Beach.

Definition of Collision Coverage

This coverage typically pays for damages if you're in a covered accident involving other cars or objects, like a tree or a streetlight.  It will usually pay up to the actual cash value of your car, which takes into account things like the purchase price, age and wear and tear.  There's also a deductible tied to this coverage.  A deductible is the amount you have to pay out of your own pocket before an insurance payment would be made.

Choosing Your Deductible Amount

Your deductible depends on a lot of things, but probably the most important factor to consider is — how much would you be comfortable paying out if you had an accident?  Deductibles can range from $0 to $1,000.  Choosing a deductible is an important decision when considering auto insurance.

Another thing to think about... if your car is old and worth close to or less than your deductible, collision coverage may not be right for you.  If you want help deciding what your limit should be, try Allstate's Bumper-to-Bumper Basics^SM tool.

How Much Does Collision Coverage Cost?

Since accidents are the most common kind of insurance claim, this coverage is usually the priciest portion of your total premium cost.  But as we mentioned above, an older car that isn't worth much might not even need this coverage.

If you're still worried about paying too much every month for your auto insurance, try increasing your deductible.  It's the best way to lower your price, but keep in mind how much you'll need to pay out of your pocket if you have an accident.  Consult your insurance agent on the best recommendations for your situation.

With more than 40 years experience, let the friendly folks at the O'Quinn Insurance Agency help save you money on auto insurance.  Contact us today!