Best Collision Coverage Car Insurance Company (2024)

Are you looking for the best collision coverage auto insurance companies? Finding reliable collision car insurance coverage is essential for drivers who still finance their vehicles.

But which insurance companies have the best auto policy?

Our guide explains where you can get the best collision auto insurance, how much it costs by state, and how collision insurance works.

After you learn more about the best collision coverage car insurance companies, you should expect to feel more confident about selecting auto insurance coverage that fits you.

What are the best collision coverage car insurance companies?

The best insurance companies for collision car insurance provide coverage in complicated situations.

To ensure that you’re getting reliable coverage, you should shop with the top car insurance companies with the best market share.

We researched the best auto insurance companies for you and found each companies’ monthly insurance rates.

• Allstate – $102/month
• American Family – $72/month
• Farmers – $92/month
• GEICO – $57/month
• Liberty Mutual – $127/month
• Nationwide – $73/month
• Progressive – $90/month
• State Farm – $75/month
• Travelers – $92/month
• USAA – $52/month
• Average – $83/month

USAA auto insurance is the most affordable, but it’s only available to veterans and their immediate families.

GEICO, American Family, Nationwide, and State Farm are the cheapest for all other drivers. However, your rates won’t be the same.

Many factors determine whether affordable collision car insurance is available to you. Read on to learn which personal factors affect collision auto insurance.

Read more:

• How long does it typically take for State Farm to process a car insurance claim?
• How long does it typically take for Allstate to process a car insurance claim?
• How long does it typically take for Farmers to process a car insurance claim?
• How long does it typically take for Progressive to process a car insurance claim?

What factors affect collision car insurance quotes?

Before you buy collision car insurance, a car insurance company will take you through a series of questions to estimate your insurance risk.

Each response impacts your auto insurance. Here’s a list of factors that affect your collision auto insurance quotes.

• Age
• Credit History
• Commute Mileage (miles driven for the year)
• Coverage Level
• Deductible
• Driving Record
• Gender (outlawed in some states)
• Location (the state where you live)
• Marital Status
• Vehicle (make and model year)

Your risk determines collision car insurance cost. More expensive auto insurance correlates to a higher risk of filing claims.

How much are collision car insurance rates?

According to the National Association of Insurance Commissioners (NAIC), collision car insurance is $29 a month on average.

But collision insurance varies for each state. Let’s examine each state’s average monthly collision auto insurance rate based on NAIC’s research.

NAIC's Average Monthly Collision Car Insurance Rates by State

Read more:

• Best Illinois Car Insurance
• Best Indiana Car Insurance
• Best Kansas Car Insurance
• Best Kentucky Car Insurance
• Best Louisiana Car Insurance
• Best New Jersey Car Insurance
• Best North Dakota Car Insurance
• Best Ohio Car Insurance
• Best Oregon Car Insurance
• Best Rhode Island Car Insurance
• Best Tennessee Car Insurance
• Best South Carolina Car Insurance
• Best South Dakota Car Insurance
• Best Utah Car Insurance
• Best Virginia Car Insurance
• Best Washington Car Insurance
• Best Wisconsin Car Insurance
• Best Wyoming Car Insurance
• Best Michigan Car Insurance
• Best Minnesota Car Insurance
• Best Mississippi Car Insurance
• Best Missouri Car Insurance
• Best Colorado Car Insurance

States with costly collision insurance rates have a higher frequency of claims. Rural areas usually have cheaper collision auto insurance rates, but urban areas are typically more expensive.

If you want to save money on collision car insurance, adjust your collision coverage with a higher deductible.

Do deductibles impact collision car insurance costs?

The answer is yes. High deductibles can help you save money on collision auto insurance. Meanwhile, low deductibles produce more expensive collision rates.

If you raise your policy deductible to $1,000, you can save up to 40% on your overall car insurance bill. However, each company has different savings.

Which discounts can help me save on collision car insurance?

Specific factors can get you access to a few discounts at auto insurance companies. Check out the list of discounts below to see how much you can save at the best collision insurance companies.

• Anti-Theft Features Discount – Varies
• Automatic Payments Discount – At least %2
• Defensive Driver Discount – Up to 40%
• Good Credit Discount – Up to 30%
• Multi-Policy Discount – Up to 25%
• Multi-Vehicle Discount – Varies
• Paperless Billing Discount – At least 2%
• Pay-In-Full Discount – Up to 5%
• Safety Features Discount – Up to 15%

Most auto insurance companies have dozens of deals. If you qualify for several discounts, you can stack them together and slow down expensive car insurance rates.

What does collision car insurance cover?

Collision auto insurance is a no-fault insurance option that pays for damage to your vehicle regardless of fault.

Read more:

• Best Alabama Car Insurance
• Best Alaska Car Insurance
• Best Arizona Car Insurance
• Best Connecticut Car Insurance
• Best Delaware Car Insurance
• Best Florida Car Insurance
• Best Georgia Car Insurance
• Best Hawaii Car Insurance

What does collision car insurance cover?

Collision auto insurance is a no-fault insurance option that pays for damage to your vehicle regardless of fault.

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Your collision insurance coverage can increase if you have a new model year vehicle. New cars have higher values, and car insurance companies issue higher rates to balance out the risk.

What won’t collision car insurance cover?

Collision insurance won’t cover the bodily injury expenses of the driver, the driver’s passengers, or any other driver involved in an accident. Also, collision auto insurance won’t pay for damage to your car if it’s stolen.

With that being said, making sure you have additional coverage could be ideal. Additional coverage could include optional injury protection such as; personal injury protection, bodily injury liability, pet injury protection, and more.

When to drop collision car insurance?

If a vehicle has a lower value than the cost of total loss damage, collision auto insurance won’t be necessary. A car insurance company could decline your collision insurance request if that’s the case. (For more information, read our “What is total loss Car Insurance coverage?“).

How do I file a collision car insurance claim?

To file a collision insurance claim, you’ll need to contact your auto insurance company and let them know you want to file a claim.

The representative on the phone may ask you for personal information, such as your name, address, and policy number.

When your claim is in processing, you’ll have to follow up with a few things. Here’s a list of items you’ll need to continue your claim.

• A copy of the police report
• Your policy deductible
• Photos of the damage
• Repair estimates

Once everything has been sent to your claim agent, your collision claim enters its final stage. It could take a few days before you get the claim check, but it’s best to have your auto insurance company send the claim check to the repair shop of your choice.

Case Studies: Examples of Collision Coverage Auto Insurance Companies

Case Study 1: USAA Auto Insurance

John, a veteran, was in search of the best collision coverage auto insurance company. After researching various options, he found that USAA offered the most affordable rates. Being eligible for USAA’s coverage as a veteran, John was able to secure cheap collision insurance for his vehicle.

Read more: How long does it typically take for USAA to process a car insurance claim?

Case Study 2: GEICO Auto Insurance

Sarah, a young driver with a clean driving record, wanted to find affordable collision coverage for her car. After comparing quotes from multiple insurance companies, she discovered that GEICO offered competitive rates for collision insurance. Sarah decided to go with GEICO and obtained the coverage she needed at a reasonable price.

Case Study 3: State Farm Auto Insurance

Michael, a driver living in a suburban area, needed collision coverage for his newly purchased vehicle. He researched different insurance companies and found that State Farm provided excellent coverage options for collision insurance. Despite living in an urban area where rates are typically higher, Michael was able to secure affordable collision coverage from State Farm.

Best Collision Coverage Car Insurance Companies: The Bottom Line

Collision auto insurance is essential for new model year vehicles and financed cars.

It provides coverage for a damaged car even if you’re at fault. We highly recommend collision car insurance for your insurance needs.

Now that you know more about the best collision coverage car insurance companies, use our free online quote tool to compare multiple companies in your area.