Best Collision Coverage Car Insurance Companies (2022)

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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D. Gilson is a writer and author of essays, poetry, and scholarship that explore the relationship between popular culture, literature, sexuality, and memoir. His latest book is Jesus Freak, with Will Stockton, part of Bloomsbury’s 33 1/3 Series. His other books include I Will Say This Exactly One Time and Crush. His first chapbook, Catch & Release, won the 2012 Robin Becker Prize from Seve...

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Leslie Kasperowicz holds a BA in Social Sciences from the University of Winnipeg. She spent several years as a Farmers Insurance CSR, gaining a solid understanding of insurance products including home, life, auto, and commercial and working directly with insurance customers to understand their needs. She has since used that knowledge in her more than ten years as a writer, largely in the insuranc...

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Reviewed by Leslie Kasperowicz
Farmers CSR for 4 Years Leslie Kasperowicz

UPDATED: Jun 20, 2022

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The Highlights

  • 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.

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
StatesAverage Monthly Collision Rates
District of Columbia$41
New Hampshire$26
New Jersey$33
New Mexico$24
New York$34
North Carolina$26
North Dakota$22
Rhode Island$36
South Carolina$24
South Dakota$19
West Virginia$28
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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.

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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.

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.

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.

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.

Are you looking for free insurance quotes?

Your one-stop online insurance guide. Get free quotes now!

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