insurance

What is collision?

 

 

What is collision?

The Bankrate.com financial term of the day is: "collision."

Even the best drivers have accidents -- which is why collision is a standard part of an auto insurance policy. It's the coverage that pays for damage to your car from an accident with another vehicle, or with an object, such as a fire hydrant, utility pole or freeway divider. If you have an old heap that would be easier to replace than repair, you may want to drop your collision to save on your auto policy.

When your car has been smashed up in a crash, the collision coverage in your auto insurance can help put you back on the road.

To shop for insurance to fit your family's needs, visit the Insurance section at Bankrate.com.

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