In 2005, according to the Insurance Institute for Highway Safety, nearly 70% of collision coverage claims were for damages of more than $1000.
Auto accidents can be extremely expensive for any party involved.
Even safe drivers can benefit from an auto insurance policy that covers damages to their own vehicle as well as the vehicle of another driver.
As safe as a driver may be, not every accident can be avoided.
In these instances, the financial support that an extensive insurance policy may offer could be crucial in getting you back on the road and protecting your finances.
Not every accident involves another vehicle.
If a driver looses control because of environmental factors or for any other reason, a great deal of damage can be caused even in a single vehicle accident.
Consider the situation in which a distracted driver drifts into your lane, causing your to make a quick unexpected maneuver and have an accident.
Though the other car prompted your reaction, they may not have even known what they did, and you are left to pay for the damages caused by the accident.
Collision coverage would provide you with financial relief from the brunt of the bill.
This type of policy can be useful for even the safest driver.
Also, drivers have no way of ensuring that a driver who hits them has the proper insurance coverage.
Though liability insurance is a legal responsibility in most states, a driver can not guarantee that the person who hits them actually is a policy holder.
Collision coverage will help to pay for the damages even if they can not recover costs from the driver at fault because of a lack of insurance.