Collision Coverage Auto Insurance Oklahoma OK

Reader’s Question:

Is collision coverage always advisable? I am not too sure if I should just allow my wife to keep on driving here in Oklahoma with her current policy. She drives my old 2001 Civic.

Robert

Tulsa, OK

Good day to you, Robert. How are things in Oklahoma? Good question on collision coverage. In some ways, you can think of it as a trump card whenever you get into an accident. Maybe you’re worried that she’ll get into more bang-ups than you can bear to handle. If that’s the case and you don’t want that hassle anymore, then go jump in. But if that’s not really your cup of tea, then read on.

To better appreciate your thoughts on collision coverage and to give some more information to other readers, answer this: What is collision coverage really all about? Collision coverage is one of the standards in auto insurance, and it ensures that your vehicle will get its repairs (assuming it can still be repaired) in the event that another vehicle hits it. The auto insurance company will just require you to pay the deductibles. After you pay the deductibles, then it’s the auto insurance company who takes over the damage of your vehicles. Some say that it is better to have this if your car is new or if your car is under a lease.

Okay, so do you need it? One way to decide is to balance out the value of your 2001 Honda Civic versus the premiums and deductibles that you have to pay for. The rule is the premiums you pay for should not come near the value of your car. A simple and practical rule that I think you should use.

Tags: Car Insurance Company, collision insurance coverage, deductible