Investopedia

Continue to Site »

Collision Insurance

Filed Under » ,
Dictionary Says

Definition of 'Collision Insurance'

A type of auto insurance coverage. Collision Insurance will reimburse the insured for any damage sustained to their personal automobile that is due to the fault of the insured driver. This type of insurance is often added as an extension of a basic policy.
Investopedia Says

Investopedia explains 'Collision Insurance'

As the name implies, Collision Insurance repays the insured for damage from an actual collision. It does not cover damage due to theft or vandalism. It also does not cover damage that is paid from another driver's policy, if the other driver was at fault.

Articles Of Interest

  1.

    Beginner's Guide To Auto Insurance

    Find the perfect policy that suits both your coverage and budgetary needs.

  2. Top Tips For Cheaper, Better Car Insurance

    Accident, theft, vandalism - make sure your coverage will protect you when you need it most.

  3. The True Cost Of Owning A Car

    Driving is often the most convenient way to get around, but it'll cost you.

  4. Do You Need Casualty Insurance?

    Find out how different types of coverages can protect you and which policy is right for you.

  5. What is pay-as-you-drive auto insurance?

    To an extent, auto insurance rates are specifically developed based on individual user information. The criteria traditionally considered when determining auto insurance rates include the driver's ...

  6. 5 Most Expensive Cities In The U.S. For Car Insurance

    It costs a lot to insure your vehicle in these cities across the U.S.

  7. Suppose my garage collapsed onto my car. Are damages covered by my home insurance or auto insurance?

    Generally, damage to an automobile will be covered by comprehensive car insurance, which is in addition to collision coverage that applies to a car or truck while it is in use. In addition to ...

  8. How Insurers Decide Your Auto Insurance Rate

    Shopping around for auto insurance rates is the first step to finding competitive auto insurance rates.

  9. 6 Things That Spike Your Auto Insurance

    Several factors can cause your auto insurance to rise. Knowing what these are can help you find the best deal.

  10. 12 Car Insurance Cost-Cutters

    If car costs are dragging you down, find out how to free yourself from some of the extra weight.
comments powered by Disqus
Marketplace
Hot Definitions

  1. Pattern Day Trader

    An SEC designation for traders who trade the same security four or more times per day (buys and sells) over a five-day period, and for whom same-day trades make up at least 6% of their activity for that period.

  2. Cost-Push Inflation

    A phenomenon in which the general price levels rise (inflation) due to increases in the cost of wages and raw materials.

  3. Happiness Economics

    The formal academic study of the relationship between individual satisfaction and economic issues, such as employment and wealth.

  4. Affluenza

    A social condition arising from the desire to be more wealthy, successful or to "keep up with the Joneses." Affluenza is symptomatic of a culture that holds up financial success as one of the highest achievements.

  5. Icarus Factor

    The term Icarus factor describes a situation where managers or executives initiate an overly ambitious project which then fails. Fueled by excitement for the project, the executives are unable to reign in their misguided enthusiasm before it is too late to avoid the failure.

  6. Angelina Jolie Stock Index

    An index made up of a selection of stocks from companies associated with actress Angela Jolie.
Trading Center