Best Collision Coverage Car Insurance Company (2024)
USAA, GEICO, American Family, Nationwide, and State Farm are the best collision coverage car insurance companies. On average, collision car insurance is $29 a month. However, your collision coverage car insurance rates are based on personal factors. Shop around and compare the best collision coverage auto insurance companies to secure cheap rates.
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Kristen Gryglik
Licensed Insurance Agent
Kristen is a licensed insurance agent working in the greater Boston area. She has over 20 years of experience counseling individuals and businesses on which insurance policies best fit their needs and budgets. She knows everyone has their own unique needs and circumstances, and she is passionate about counseling others on which policy is right for them. Licensed in Massachusetts, New Hampshire,...
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UPDATED: Sep 20, 2024
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Advertiser Disclosure: We strive to help you make confident insurance decisions. Comparison shopping should be easy. We are not affiliated with any one insurance provider and cannot guarantee quotes from any single provider.
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 on this page to use the free quote tool. The more quotes you compare, the more chances to save.
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: Sep 20, 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 provider and cannot guarantee quotes from any single provider.
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 on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Collision car insurance is $29 per month on average
- The cheapest car insurance companies for collision insurance is USAA, GEICO, and American Family
- Raise your collision deductible and save up to 40% on car insurance
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.
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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
States | Average Monthly Collision Rates |
---|---|
Alabama | $28 |
Alaska | $31 |
Arizona | $25 |
Arkansas | $29 |
California | $36 |
Colorado | $25 |
Connecticut | $32 |
Delaware | $28 |
District of Columbia | $41 |
Florida | $26 |
Georgia | $30 |
Hawaii | $27 |
Idaho | $20 |
Illinois | $27 |
Indiana | $22 |
Iowa | $19 |
Kansas | $23 |
Kentucky | $24 |
Louisiana | $37 |
Maine | $23 |
Maryland | $31 |
Massachusetts | $34 |
Michigan | $37 |
Minnesota | $20 |
Mississippi | $29 |
Missouri | $24 |
Montana | $23 |
Nebraska | $21 |
Nevada | $27 |
New Hampshire | $26 |
New Jersey | $33 |
New Mexico | $24 |
New York | $34 |
North Carolina | $26 |
North Dakota | $22 |
Ohio | $24 |
Oklahoma | $27 |
Oregon | $20 |
Pennsylvania | $29 |
Rhode Island | $36 |
South Carolina | $24 |
South Dakota | $19 |
Tennessee | $27 |
Texas | $33 |
Utah | $23 |
Vermont | $26 |
Virginia | $25 |
Washington | $24 |
West Virginia | $28 |
Wisconsin | $20 |
Wyoming | $24 |
Countrywide | $29 |
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
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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.
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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.
Frequently Asked Questions
What are the best car insurance companies for collision coverage?
The best car insurance companies for collision coverage will vary depending on factors such as location, driving record, and the make and model of your car. Some well-known insurance providers with strong reputations for collision coverage include State Farm, Allstate, Progressive, and Geico. However, it’s important to shop around and compare quotes from multiple providers to find the best coverage and rates for your individual needs.
What is collision coverage in car insurance?
Collision coverage is an optional insurance coverage that pays for damages to your car if you are in a collision with another vehicle or object, regardless of who is at fault.
What should I look for in a collision coverage car insurance company?
When looking for a collision coverage car insurance company, it’s important to consider factors such as customer service, financial stability, coverage options, and rates. You may also want to look for companies that offer discounts for safe driving, multiple policies, and good student discounts.
How much collision coverage do I need?
The amount of collision coverage you need will depend on factors such as the value of your car and your individual needs. Many insurance providers offer different levels of coverage, so it’s important to choose a coverage level that you are comfortable with and that fits your budget.
Will my collision coverage cover a rental car?
Some collision coverage policies may include rental car coverage, while others may require it to be purchased separately. It’s important to review your policy carefully and ask your insurance provider about rental car coverage options.
What should I do if I am in a collision and need to file a claim?
If you are in a collision and need to file a claim, you should contact your insurance provider as soon as possible. They will guide you through the claims process and provide instructions on what information and documentation you need to provide. It’s important to be honest and accurate in your account of the incident to ensure that your claim is processed smoothly.
Are you looking for free insurance quotes?
Your one-stop online insurance guide. Get free quotes now!
Secured with SHA-256 Encryption
Kristen Gryglik
Licensed Insurance Agent
Kristen is a licensed insurance agent working in the greater Boston area. She has over 20 years of experience counseling individuals and businesses on which insurance policies best fit their needs and budgets. She knows everyone has their own unique needs and circumstances, and she is passionate about counseling others on which policy is right for them. Licensed in Massachusetts, New Hampshire,...
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.