Best Car Insurance for Collision Coverage in 2024 (Top 10 Companies)
The best car insurance for collision coverage are Progressive, USAA, and State Farm. They offer coverage starting at $50 for minimum coverage and boast an A+ rating from A.M. Best. These companies excel by providing outstanding protection and competitive rates, determined by driving history, mileage, and credit scores.
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Heidi Mertlich
Licensed Insurance Agent
Heidi works with top-rated life insurance carriers to bring her clients the highest quality protection at the most competitive prices. She founded NoPhysicalTermLife.com, specializing in life insurance that doesn’t require a medical exam. Heidi is a regular contributor to several insurance websites, including FinanceBuzz.com, Insurist.com, and Forbes. As a parent herself, she understands the ...
Licensed Insurance Agent
UPDATED: May 17, 2024
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Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
UPDATED: May 17, 2024
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance company and cannot guarantee quotes from any single insurance company.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different insurance companies please enter your ZIP code above to use the free quote tool. The more quotes you compare, the more chances to save.
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13,128 reviewsCompany Facts
Full Coverage for Collision Coverage
A.M. Best Rating
Complaint Level
Pros & Cons
13,128 reviews
6,435 reviewsCompany Facts
Full Coverage for Collision Coverage
A.M. Best Rating
Complaint Level
Pros & Cons
6,435 reviews
17,760 reviewsCompany Facts
Full Coverage for Collision Coverage
A.M. Best Rating
Complaint Level
Pros & Cons
17,760 reviewsExplore the best car insurance for collision coverage like Progressive, USAA, and State Farm. We consider factors like driving records and premiums to simplify decision-making. Progressive offers customization, USAA targets military families, and State Farm provides steady premiums.
Learn more by reading our: Best Car Insurance Discounts to Ask
Introducing our top 10 picks for the best car insurance companies focusing on collision coverage. These companies offer various benefits like safe driver discounts, multi-car discounts, and unique features tailored to different needs.
Our Top 10 Company Picks: Best Car Insurance for Collision Coverage
| Company | Rank | Multi-Car Discount | Safe Driver Discount | Best For | Jump to Pros/Cons |
|---|---|---|---|---|---|
 | #1 | 10% | 10% | Customizable Policies | Progressive |
 | #2 | 10% | 10% | Military-Focused | USAA |
 | #3 | 10% | 30% | Steady Premiums | State Farm |
 | #4 | 10% | 25% | Claim Satisfaction | Allstate |
 | #5 | 10% | 25% | Vanishing Deductible | Nationwide |
 | #6 | 10% | 12% | New Car Replacement | Liberty Mutual |
 | #7 | 10% | 15% | Customized Coverage | Farmers |
 | #8 | 10% | 20% | Premier Driver | Travelers |
 | #9 | 10% | 20% | KnowYourDrive Program | American Family |
 | #10 | 10% | 25% | Online Convenience | Erie |
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#1 – Progressive: Top Overall Pick
Pros
- User-Friendly Technology: Progressive offers a range of digital tools and apps that make it easy for customers to manage policies, file claims, and get support.
- Name Your Price Tool: This unique feature allows customers to input their budget and get policy options tailored to their financial needs. Unlock more content in our Progressive insurance review.
- Snapshot Program: Progressive’s usage-based insurance program rewards safe driving habits with potential discounts on premiums.
Cons
- Potentially Higher Rates: While Progressive offers competitive rates, they might not always be the cheapest option for everyone, especially those with less-than-perfect driving records.
- Limited Agent Availability: Progressive primarily operates online and through phone support, which means there might be limited face-to-face interaction with agents for those who prefer it.
#2 – USAA: Best for Military Families
Pros
- Exceptional Customer Service: USAA is renowned for its top-notch customer service, consistently ranking high in customer satisfaction surveys.
- Competitive Rates: USAA often offers competitive rates for its members, particularly for auto and homeowners insurance.
- Member Benefits: USAA provides a variety of member benefits beyond insurance, including banking, investing, and financial planning services. Dig deeper in our USAA insurance review.
Cons
- Membership Restrictions: USAA membership is limited to military members, veterans, and their families, which means not everyone can access their services.
- Limited Physical Locations: USAA operates primarily online and over the phone, with limited physical branch locations, which may not be ideal for those who prefer face-to-face interactions.
#3 – State Farm: Best for Steady Premiums Specialist
Pros
- Wide Range of Coverage Options: State Farm offers a comprehensive selection of insurance products, including auto, home, life, and more. Find more info in our State Farm insurance review.
- Extensive Agent Network: With a vast network of local agents across the country, State Farm provides personalized service and support to its customers.
- Strong Financial Stability: State Farm has a long-standing reputation for financial stability, ensuring that it can fulfill its policyholders’ claims and obligations.
Cons
- Potentially Higher Premiums: While State Farm offers competitive rates, some customers might find their premiums to be higher compared to other insurers, especially for certain coverage options.
- Claims Handling: There have been occasional reports of slower claims processing or disputes over claim settlements, which could be a concern for some policyholders.
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#4 – Allstate: Best for Champion in Claim Satisfaction
Pros
- Variety of Insurance Products: Allstate offers a wide range of insurance products, including auto, home, life, and more, allowing customers to meet all their insurance needs in one place. For details, read our Allstate insurance review.
- Innovative Tools and Features: Allstate provides digital tools and resources like the Drivewise program, which tracks driving habits to potentially earn discounts, and the QuickFoto Claim® feature.
- Strong Financial Strength: Allstate boasts strong financial stability ratings, ensuring reliability when it comes to paying out claims and meeting policy obligations.
Cons
- Higher Premiums: Some customers may find Allstate’s premiums to be on the higher side compared to other insurance providers, especially for certain coverage options.
- Mixed Customer Service Reviews: While Allstate has made efforts to improve its customer service, there are still occasional reports of dissatisfaction with claims handling and customer support.
#5 – Nationwide: Best for Vanishing Deductible Expert
Pros
- Wide Range of Insurance Options: Nationwide offers a variety of insurance products, including auto, home, life, and pet insurance. Find more info in our Nationwide insurance review.
- Member Benefits: Nationwide provides various member benefits and discounts, such as the SmartRide program for auto insurance.
- Financial Stability: Nationwide has a strong financial stability rating, ensuring that it can meet its financial obligations and pay out claims to policyholders.
Cons
- Customer Service Concerns: Some customers have reported issues with customer service, including delays in claims processing and difficulty reaching customer support.
- Limited Availability: Nationwide agents and services may not be available in all areas, which could be a limitation for those seeking localized assistance or face-to-face interactions with agents.
#6 – Liberty Mutual: Best for New Car Replacement Innovator
Pros
- Customizable Policies: Liberty Mutual offers customizable insurance policies, allowing customers to tailor coverage to their specific needs and budget. For more, check our Liberty Mutual review.
- 24/7 Claims Assistance: Liberty Mutual provides round-the-clock claims support, making it convenient for customers to report and track claims at any time.
- Multi-Policy Discounts: Liberty Mutual offers discounts for bundling multiple insurance policies, such as auto and home insurance, which can lead to savings for policyholders.
Cons
- Higher Premiums: Some customers may find Liberty Mutual’s premiums to be higher compared to other insurance providers, especially for certain coverage options.
- Mixed Customer Reviews: While Liberty Mutual has many satisfied customers, there are also reports of issues with claims processing, customer service, and rate increases, which may be a concern for some policyholders.
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#7 – Farmers: Best for Customized Coverage Specialist
Pros
- Wide Range of Insurance Products: Farmers offers a diverse range of insurance options, including auto, home, life, business, and more.
- Personalized Service: With a network of local agents across the country, Farmers provides personalized service and support to its customers. Learn more in our Farmers insurance review.
- Farmers Rewards Program: Farmers offers a rewards program that allows customers to earn points for safe driving.
Cons
- Higher Premiums: Some customers may find Farmers’ premiums to be on the higher side compared to other insurance providers, especially for certain coverage options.
- Claims Processing: There have been occasional reports of delays in claims processing and disputes over claim settlements, which could be a concern for some policyholders.
#8 – Travelers: Best for Premier Driver Focused
Pros
- Wide Range of Insurance Options: Travelers offers a comprehensive range of insurance products, including auto, home, renters, business, and more. For details, read our Travelers insurance review.
- Strong Financial Stability: Travelers has a solid financial strength rating, ensuring that the company is capable of fulfilling its financial obligations.
- Risk Control Services: Travelers provides risk control services to help businesses identify and mitigate potential risks, offering added value to commercial policyholders.
Cons
- Customer Service Issues: Some customers have reported issues with customer service, including difficulty reaching representatives and delays in claims processing.
- Higher Premiums: Travelers’ premiums may be higher compared to some other insurance providers, especially for certain coverage types, which could be a concern for budget-conscious customers.
#9 – American Family: Best for Know Your Drive Program Leader
Pros
- Personalized Service: American Family has a strong network of local agents who provide personalized service and guidance to customers.
- Variety of Insurance Products: American Family offers a wide range of insurance options, including auto, home, life, business, and more. Learn more in our American Family insurance review .
- Customer Loyalty Program: American Family offers a loyalty program that rewards long-term policyholders with benefits and discounts.
Cons
- Limited Availability: American Family operates primarily in select regions of the U.S., which may limit its accessibility for customers outside of those areas.
- Mixed Customer Reviews: While many customers are satisfied with American Family’s services, there have been some reports of issues with claims processing, customer service, and rate increases.
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#10 – Erie: Best for Online Convenience Pioneer
Pros
- Excellent Customer Service: Erie is known for its exceptional customer service, consistently receiving high ratings for customer satisfaction.
- Competitive Rates: Erie offers competitive rates on its insurance products, including auto, home, and business insurance, making it an attractive option for budget-conscious customers. Seek more in our Erie insurance review.
- Add-On Coverage Options: Erie provides a variety of optional coverages and endorsements that allow customers to customize their policies to suit their specific needs.
Cons
- Limited Availability: Erie Insurance is available in select states only, which may restrict its accessibility for customers outside of those regions.
- Claims Process: Some customers have reported issues with the claims process, including delays and disputes over claim settlements, which could be a concern for policyholders.
Analysis of the Best Car Insurance Rates for Collision Coverage
Understanding average rates for collision coverage is crucial when selecting car insurance. Let’s analyze the specifics based on the provided table
Car Insurance for Collision Coverage: Monthly Rates by Coverage Level & Provider
| Insurance Company | Minimum Coverage | Full Coverage |
|---|---|---|
| Allstate | $150 | $225 |
| American Family | $115 | $176 |
| Erie | $55 | $82 |
| Farmers | $130 | $198 |
| Liberty Mutual | $160 | $234 |
| Nationwide | $110 | $161 |
| Progressive | $120 | $186 |
| State Farm | $70 | $102 |
| Travelers | $90 | $139 |
| USAA | $50 | $78 |
Understanding Collision Coverage: What you Need to Know
Collision coverage is a type of insurance that covers the cost of damages to your vehicle in the event of a collision, regardless of who is at fault. This means that whether you are at fault for the accident or not, your insurance provider will pay for the damages to your vehicle, minus your deductible.
When you purchase collision coverage, your insurance company will typically require you to choose a deductible amount. The deductible is the amount of money you will have to pay out-of-pocket before your insurance coverage kicks in. It is important to choose a deductible that you can comfortably afford.
It is worth noting that collision coverage only covers damages to your vehicle resulting from a collision with another vehicle or object. Damages caused by other incidents such as theft, vandalism, or natural disasters are not covered under collision coverage.
Get the full story by checking our: Collision Car Insurance: A Complete Guide
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The Importance of Collision Coverage in Car Insurance
Collision coverage plays a vital role in protecting your vehicle and your finances in the event of an accident. Without collision coverage, you would be solely responsible for covering the cost of repairs or replacements if your vehicle is damaged in a collision.
Even if you are a safe and responsible driver, accidents can still happen. A momentary lapse in concentration or a sudden change in road conditions can lead to a collision. Without collision coverage, the financial burden of repairing or replacing your vehicle could be overwhelming.
Additionally, if you have a car loan or lease, your lender will likely require you to have collision coverage as part of your insurance policy. This is because the lender wants to protect its investment in the event that your vehicle is damaged or totaled.
For more information check out: What does car insurance cover?
Factors to Consider When Choosing Car Insurance for Collision Coverage
When selecting the best car insurance policy for collision coverage, there are several factors that you should consider:
- Cost: Compare different insurance providers to find the most competitive rates for collision coverage. Keep in mind that cheaper premiums may come with higher deductibles or less comprehensive coverage.
- Coverage Limits: Review the coverage limits of each policy to ensure that they adequately cover the value of your vehicle and any potential damages.
- Deductible Options: Consider which deductible amount you are comfortable with and choose a policy that offers flexibility in deductible options.
- Customer Service: Research the reputation of the insurance provider’s customer service in terms of responsiveness, claims handling, and overall customer satisfaction.
- Additional Benefits and Discounts: Look for any additional benefits or discounts that may be offered by the insurance provider, such as accident forgiveness or multi-policy discounts.
Best Car Insurance Providers for Collision Coverage
Choosing the right car insurance with reliable collision coverage is essential for protecting your vehicle and ensuring peace of mind on the road. To help you make an informed choice, we’ve highlighted top providers known for their quality collision coverage and customer satisfaction.
Progressive
Progressive’s collision coverage helps cover the costs of repairs to your vehicle if it’s damaged in an accident with another vehicle or object, like a tree or guardrail. You’ll be responsible for paying a deductible, and Progressive will take care of the remaining repair costs.
Progressive strives to simplify the claims process for its customers, offering tools like the “Name Your Price” feature to customize coverage to fit your budget. When considering this coverage, it’s crucial to understand the policy terms, coverage limits, and any exclusions to ensure you have the protection you need.
USAA
USAA’s collision coverage provides financial protection for your vehicle if it’s damaged in a collision with another vehicle or object. With USAA, you’ll pay a deductible, and the insurance will cover the remaining repair costs up to the policy’s limits.
USAA is known for its excellent customer service and streamlined claims process, making it easier for members to file and manage claims. When choosing USAA’s collision coverage, it’s important to review the policy details, including deductibles and coverage limits, to ensure it meets your specific needs and offers the level of protection you’re looking for.
State Farm
State Farm’s collision coverage helps pay for repairs to your vehicle if it’s damaged in a collision with another vehicle or object, such as a tree or pole. When you have a collision claim with State Farm, you’ll be responsible for paying a deductible, and the insurance will cover the rest of the repair costs, up to the policy’s limits.
State Farm is known for its reliable customer service and straightforward claims process, making it easier for policyholders to navigate the claims filing and settlement process. It’s essential to review the specifics of State Farm’s collision coverage, including deductibles, coverage limits, and any additional benefits or exclusions, to ensure it aligns with your needs and provides the protection you desire for your vehicle.
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How to Save Money on Car Insurance for Collision Coverage
Tips for Finding Affordable and Reliable Car Insurance With Collision Coverage
Finding affordable and reliable car insurance with collision coverage can seem challenging, but with these tips, you can streamline the process:
- Research, Research, Research: Take the time to research different insurance providers, read reviews, and compare quotes to find the most affordable and reliable options.
- Evaluate Coverage Options: Make sure the policies you are considering offer comprehensive coverage that suits your needs.
- Assess Financial Stability: Verify the financial stability of the insurance providers by checking their ratings from independent rating agencies.
- Seek Expert Advice: Consult with an insurance agent or broker who can guide you in finding the best car insurance policy for your specific circumstances.
- Don’t Sacrifice Quality for Price: While affordability is important, it is crucial to strike a balance between cost and quality coverage to ensure adequate protection for your vehicle.
Exploring the Benefits of Comprehensive Collision Coverage
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Common Mistakes to Avoid When Purchasing Car Insurance for Collision Coverage
How to File a Claim for Collision Coverage: Step-By-Step Guide
If you find yourself involved in a collision and need to file a claim for collision coverage, follow these step-by-step guidelines:
- Collect all relevant information, including the other party’s contact details, insurance information, and any witness statements, if applicable.
- Contact your insurance provider as soon as possible to report the collision and initiate the claims process.
- Take photos or videos of the damages to your vehicle, providing clear evidence of the extent of the damage.
- Complete the necessary claim forms provided by your insurance company, ensuring that you provide accurate and detailed information about the incident.
- Attach any supporting documents, such as police reports or repair estimates, to strengthen your claim.
- Cooperate fully with any investigation or inquiries conducted by your insurance provider to facilitate the claims process.
- Once your claim is approved, you can proceed with getting your vehicle repaired at a repair shop approved by your insurance provider.
Understanding Deductibles in Car Insurance for Collision Coverage
A deductible is an amount of money that you are responsible for paying out-of-pocket before your insurance coverage kicks in. When it comes to collision coverage, your deductible applies to the damages incurred by your vehicle in a collision.
For example, if your deductible is $500 and the total cost of repairs for damages resulting from a collision is $1,500, you will have to pay $500, and your insurance provider will cover the remaining $1,000.
While choosing a higher deductible can result in lower insurance premiums, it is crucial to consider your financial situation and select a deductible amount that you can comfortably afford.
For more information check out our: How do I choose the right deductible for my car insurance?
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What to do After an Accident: Navigating the Claims Process With Your Collision Coverage
Reviewing the Best Car Insurance Policies for Collision Repairs and Replacements
When reviewing car insurance policies for collision repairs and replacements, it is essential to consider the coverage options, deductible amounts, and overall reputation of the insurance provider. Some policies may offer additional benefits specific to collision repairs and replacements, such as access to approved repair shops or guaranteed replacement coverage.
It is recommended to review and compare multiple car insurance policies to find the one that suits your needs and budget, ensuring comprehensive coverage for potential collision-related damages.
Learn more by reading our: Adjuster won’t pay dealership repair price. What are my options?
Essential Features to Look For in a Car Insurance Policy With Comprehensive Collision Coverage
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Case Studies in Action: Navigating Car Insurance with Collision Coverage
Embark on a brief journey into the world of car insurance through insightful case studies focusing on collision coverage. These concise narratives provide valuable glimpses into real-life decisions, offering practical wisdom for those navigating the complexities of comprehensive vehicle protection. Join us as we uncover key insights that resonate with the challenges and choices in the quest for financial security on the road.
- Case Study#1 – Savings through Smart Comparison: John, a 32-year-old professional, bought a new car and used an online comparison tool to find affordable collision coverage. With the tool’s help, he compared quotes from different insurers and chose a reputable company offering competitive rates, securing both savings and peace of mind for his new vehicle.
- Case Study #2 – The Importance of Customer Service: Sarah, a 28-year-old teacher, chose her insurer based on excellent customer service reviews. When she had a minor collision and needed to file a claim, the company provided prompt and smooth assistance, validating her decision to prioritize customer service when selecting her insurance provider.
- Case Study #3 – Balancing Deductibles for Affordability: Mark, a 35-year-old business owner, aimed for affordable car insurance with comprehensive collision coverage. Consulting an insurance agent, he learned that a higher deductible could lower premiums without sacrificing coverage. Opting for this balanced approach, Mark secured affordable rates while maintaining adequate protection for his vehicle.
Frequently Asked Questions
What is collision coverage in car insurance?
Collision coverage is a type of car insurance that helps cover the cost of repairing or replacing your vehicle if it is damaged in a collision with another vehicle or object.
Expand your knowledge by reading our: Why You Should Always Take Pictures After a Car Accident
What does collision coverage typically cover?
Collision coverage typically covers the cost of repairs to your vehicle, up to its actual cash value, regardless of who is at fault for the accident.
Is collision coverage required by law?
No, collision coverage is not typically required by law. However, if you have a car loan or lease, your lender or leasing company may require you to carry collision coverage.
Finding cheap car insurance quotes is easy. Just enter your ZIP code into our free comparison tool to instantly compare quotes near you.
What is the difference between collision coverage and comprehensive coverage?
The main difference between collision coverage and comprehensive coverage is that collision coverage only covers damage caused by collisions, while comprehensive coverage covers damage caused by other events such as theft, vandalism, or natural disasters.
Unlock more content by reading our: Does my car insurance cover damage caused by an earthquake?
Can I choose the deductible for collision coverage?
Yes, you can usually choose the deductible for collision coverage. The deductible is the amount you agree to pay out of pocket before your insurance coverage kicks in.
Does collision coverage cover injuries to drivers or passengers?
No, collision coverage typically does not cover injuries to drivers or passengers. It is designed to cover the cost of repairing or replacing your vehicle only.
How does the claims process work for collision coverage?
If you need to file a claim for collision coverage, you’ll need to contact your insurance provider and provide details about the accident. An adjuster will assess the damage, and once approved, you’ll receive compensation minus your deductible.
For more details, read our: How to File an Car Insurance Claim With The Dentists
How can I save money on collision coverage?
To save money on collision coverage, consider increasing your deductible, maintaining a clean driving record, bundling policies, and taking advantage of discounts offered by insurance companies.
Is collision coverage worth it for older cars?
It depends on the value of your older car. If the cost of collision coverage exceeds the value of your car, it may not be worth it. However, if your car still holds significant value, collision coverage can provide financial protection against repair costs.
What should I consider when choosing collision coverage?
When choosing collision coverage, consider the cost of the coverage, the deductible amount, the coverage limits, the reputation of the insurance company, and any additional benefits or discounts offered.
Finding cheap car insurance quotes is easy. Just enter your ZIP code into our free comparison tool to instantly compare quotes near you.
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Heidi Mertlich
Licensed Insurance Agent
Heidi works with top-rated life insurance carriers to bring her clients the highest quality protection at the most competitive prices. She founded NoPhysicalTermLife.com, specializing in life insurance that doesn’t require a medical exam. Heidi is a regular contributor to several insurance websites, including FinanceBuzz.com, Insurist.com, and Forbes. As a parent herself, she understands the ...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about insurance. Our goal is to be an objective, third-party resource for everything insurance related. We update our site regularly, and all content is reviewed by insurance experts.
