What You Need to Know About Collision Insurance
How to determine whether collision coverage is for you
While collision may not be required by law, it’s a smart coverage for vehicle owners. Additionally, most banks and car dealerships require collision coverage for financed or leased vehicles.
There may be a point at which it makes sense to drop collision insurance. That point will vary by driver and will be determined by the resale value of your vehicle and how much you pay for collision coverage.
Collision auto insurance: premium vs. deductible
When buying a collision coverage policy, ask your insurance agent about premium and deductible options. Your insurance premium is the amount you pay for the plan. The deductible is the amount you pay out-of-pocket for an auto repair before the insurance company covers the rest.
As one goes up in cost, the other usually comes down. A discussion of your financial goals and driving habits with your insurance agent will help you find the right balance between your premium and deductible.
Wondering If We're Right Company For You?
Welcome to the Nation. Here at Gary Sullivan & Associates, LLC Nationwide, we pride ourselves on the relationships we build with each of our members. Each member is provided with a consultative review to better understand the coverage they have vs. the coverage they need.
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3110 Wade Hampton Blvd Ste. 13 Taylors, SC 29687 864-244-3879
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119 N Mechanic St. Pendleton SC 29670