The importance of collision coverage kicks in far too often for drivers when it’s too late. After an accident, collision insurance in Texas helps you restore your vehicle after an accident no matter if which driver is at fault. Considering the rising costs of labor and materials, it’s important to protect your vehicle as your liability coverage won’t cover damage to your vehicle after a wreck.
What Is Collision Insurance in Texas?
Collision insurance in Texas is auto coverage that protects you in the event of an automobile accident regardless of fault.
Texas is an at-fault state and if you are determined to have caused an automobile accident, you’ll need to restore the losses to injury and property of the other party or parties.
This is why liability coverage is required by law. All drivers in Texas must hold a minimum amount of liability coverage to help restore these losses but your own losses are not covered.
But if you are the cause of an accident, you can’t use this protection for your own vehicle and will need additional coverage or will be faced with restoring your losses out of pocket.
Collision coverage doesn’t pay to restore property damage to another driver. Instead, it focuses on restoring the damage to your own vehicle.
What Does Collision Insurance Cover in Texas?
Collision insurance in Texas focuses on protecting your vehicle in the event of an accident. If you’re involved in a collision, your coverage will help you pay to restore your vehicle.
This protection is yours even if you are at fault and can apply to a variety of collision types such as:
- An automobile accident between you and another driver.
- A collision causing you to hit an object such as a building, tree, or fence.
- Single-vehicle accidents cause your vehicle to flip over or fall down.
Unlike liability coverage, collision insurance is focused on helping repair your property after an auto accident, helping you get back to normal quicker, and safeguarding your savings.
Deductibles, Actual Cash Value, and the Cost of Your Collision Premium
Many things affect the cost of your premium, but it’s important to remember that collision insurance in Texas comes with a deductible.
Your deductible must be paid by you before you receive reimbursement for your loss from your insurance provider.
Common deductibles are between $500 and $2,000 in $500 increments. The higher your deductible is, the lower your monthly premiums will be.
In most cases, the policy limit of your collision insurance will be based on the actual cash value (ACV) of your vehicle. ACV is equal to the cost to repair or replace your vehicle minus depreciation.
This comes into play should your vehicle become totaled, depending on your policy. Overall, the higher your policy limits are, the more you can expect to pay for your auto insurance premiums.
Full Coverage vs Comprehensive and Collision Insurances
To stay legal in the state of Texas, liability coverage is required, but additional coverages such as comprehensive coverage and collision insurance are available for more protection.
When you put these three coverages together, they are what’s known as “full coverage”. It’s a great way to gain better protection and possibly receive discounts for having multiple policies.
In a car insurance policy collision insurance covers your vehicle and the law mandates that drivers are responsible for restoring the vehicles of others when they are in the wrong.
But comprehensive coverage helps you prepare for various weather events and other oddities that may otherwise harm your vehicle and finances.
Though there are many coverages available to Texas drivers, full coverage auto insurance is a great way to stay prepared against many threats that can befall drivers on and off the road.
What Is Comprehensive and Collision Insurance in Texas?
While both comprehensive and collision coverage protect your vehicle, they do so in different ways:
- Comprehensive coverage protects your vehicle against perils that occur outside of being in an accident with another person. For example, deer damage to car is covered or damage from a fallen tree branch. Even flood damage is covered.
- Collision coverage in Texas covers your vehicle after an accident to help you cover the costs of repairs, regardless of fault.
Drivers that maintain only liability coverage, even beyond the bare minimum to stay legal, risk facing weather-related perils or paying to repair their own vehicles alone without the right coverages.
How Does Liability Insurance Differ From Comprehensive or Collision Insurance?
Liability insurance is coverage that focuses on restoring damage you cause to another party. In the state of Texas, this will include damage due to bodily injury or personal property.
Both comprehensive and collision insurance are coverages that focus on restoring the damage to your vehicle after a wreck or another incident causing you a loss.
Comprehensive coverage protects against losses that can come outside of an automobile accident. Collision insurance is a type of coverage with protection to your vehicle after an accident with another driver or object that restores your vehicle no matter who is at fault.
Should I Get Collision Insurance in Texas?
Auto insurance with collision coverage is valuable protection, especially for drivers with newer vehicles. Collision insurance in Texas is built to help you repair your vehicle for less after an accident.
Repairing the aftermath of a collision is only getting more expensive. Newer vehicles have more components and electronics on them that require specialized parts and labor to restore.
If you are in an accident and your vehicle is badly damaged, your means of transportation can be taken from you if you can’t afford to pay out of pocket or are relying on the insurance of others.
Car collision coverage helps you restore your loss quicker and in an inexpensive manner. Get a free auto insurance quote for your collision coverage to stay protected from such losses.
When To Drop Collision Insurance in Texas?
Texas drivers looking to drop collision insurance will likely need to be in a vehicle they own. In other words, if you are leasing a vehicle or using a loan to purchase your vehicle, collision coverage is usually a requirement by lenders.
If your vehicle isn’t worth very much, you might also consider dropping collision coverage. Drivers that are planning to simply purchase a new vehicle in the event of a wreck can save money by forgoing this coverage.
But it’s important to remember that if you drive without collision coverage, you’re assuming the responsibility to restore losses to your vehicle after an accident, when at fault or dealing with an uninsured motorist, out of your own pocket.
Uninsured Motorist Coverage vs Collision Insurance
Both uninsured motorist coverage and collision insurance help protect you, but they do so in different ways.
The key to remember is that collision coverage protects you against accidents involving another driver or an object. Uninsured motorist policies only provide protection when you are in a car accident with an uninsured driver.
Though collision coverage in Texas may provide protection against a hit-and-run, it depends on the circumstances of the accident. An auto insurance policy with uninsured motorist coverage will cover a hit-and-run.
Is Collision Coverage Required in Texas?
No, there is no required Texas collision insurance coverage in the Lone Star State. Drivers are free to choose their own level of risk, as well as additional protections to help mitigate said risk.
Terms and conditions may stipulate otherwise, however, for drivers leasing their vehicle or for those driving a vehicle that is not paid off.
What Is Other Than Collision Coverage for Texas Drivers?
Other than collision coverage is another name for comprehensive car insurance. Again, this coverage is there to protect your vehicle against losses that can harm your vehicle outside of getting into an automobile accident.
Can I Add Collision Coverage After an Accident in Texas?
If you’re in an accident and looking to add collision coverage after your accident to repair your vehicle, you’re out of luck. Auto insurance policies must be in place before suffering a loss to submit a claim.
The Best Collision Coverage in Texas
Texas car accident statistics show that nearly 500,000 car accidents happen each year. Collision coverage is a necessary safeguard for your finances and your mode of transportation.
Finding the best collision coverage in Texas can be difficult as there are many car insurance companies available, but your end goal should be to find the right coverage at the lowest price.
The best way to find the best price is to compare your coverage among many different auto insurance providers.
Many factors go into creating the amount of premium you’ll pay but each company calculates this figure in their own way.
This is why you can find the same coverage for many different prices and one of the main reasons you’ll want to shop among many different brands.
Discounts are different from brand to brand as well. Collision insurance can be reduced considerably by comparing rates and finding the best discounts for your needs.
At Freedom Insurance Group, we help our clients save an average of 40% on their auto insurance coverages through our relationships with more than 25 top-rated providers we’ve partnered with through our insurance center.
Affordable Texas Collision Insurance
Shopping through various auto insurance providers can be a time-consuming task, which is why our agents are here to help.
If you’re looking to save on your coverage, discover more discounts, and connect with the best auto insurance companies in the Lone Star State, Freedom Insurance Group is here for you.
We can even bundle your home insurance with your auto to provide more coverage for a lower cost to you.