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How to reduce the cost of your collision coverage 6 Articles

  • 1 of 6

    by T.F. Edge

    The are a few ways to reduce the cost of collision insurance. Probably the most common is to increase the amount of the deductible. The higher the deductible, the less you pay. I'm not sure how effective this is in the ...read more

  • 2 of 6

    by Dr. Awsome

    You can raise your deductible, which means the amount of money you pay to make a claim if you are ever in an accident. This will cause your monthly payment to decrease, if you never get in an accident this will be less ex...read more

  • 3 of 6

    by Shagun Gupta

    1. Firstly, raise your deductible or drop your coverage. The deductible is what you pay out of your own pocket before your insurance policy kicks in. The higher the deductible, the lower your premium. For example, incr...read more

  • 4 of 6

    by Merri Sharp

    There are a couple of really easy ways to save money on collision coverage. The most obvious is to reduce or eliminate your accident rate, so that the risk of collision is lower. However, you can also lower your collision ...read more

  • 5 of 6

    by Alexia Schulz

    The cost of your collision coverage depends on three things: 1) Your deductible (a lower deductible means you pay more for collision) 2) Your driving record (more accidents/incidents, higher cost for collision) 3) Wh...read more

  • 6 of 6

    by Randy Ware

    Collision insurance is really a ploy that automobile lenders have come up with to make sure they get their money above all else. Most new or late model vehicles purchased today (approximately 85%) are purchased using an a...read more

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