Car Repair Insurance

Car Repair Insurance 

How Important is Car Repair Insurance?

Being involved in an auto accident is a scary event. Not having the appropriate insurance to cover the damages can be even more frightening. Repairing your vehicle after an incident can be costly. Whether your vehicle is totaled or involved in a minor fender bender, it's crucial to understand how your insurance company can help. Knowing what to expect from your provider can make the process much easier.  Assuming your vehicle has appropriate coverage from a reputable insurance company, getting your car repaired can be a quick and painless experience.

The Types of Coverage That Pay for Your Car Repairs

There are three essential types of auto insurance coverage that can cover your car after an accident: collision, comprehensive, and rental car insurance. Collision and comprehensive are standard coverage that pays for repairs to your vehicle after an accident. These coverage options carry a deductible - traditional deductibles are typical $250, $500, or $1,000. Your annual premium is a direct result of your deductible. The lower your deductible, the higher your premium, but the less you'll need to pay out of pocket if you file a claim.

If your vehicle is totaled, meaning it would be cheaper to replace the car than it would be to fix it, your insurer will usually pay the claim up to your vehicle's actual cash value. That is the vehicle's original purchase price minus depreciation. These coverages aren't required by law but can be required by your leasing or finance company.

  • Collision Insurance: Covers your vehicle repair or replacement costs in the event of an accident with another vehicle or a stationary object. Most insurers require comprehensive coverage before adding collision.
  • Comprehensive Insurance: Damages to your vehicle not caused by a collision. Incidents such as theft, vandalism, fire, and falling objects are listed under the comprehensive policy. Other instances include severe storms and natural disasters, hitting an animal, and acts of God or nature that are typically out of your control when driving. In most cases, your insurer will reimburse the ACV amount minus your deductible if your vehicle needs to be replaced.
  • Rental Car Insurance: An optional coverage that can pay or assist with the cost of a rental vehicle while your car is being fixed. It is common for your provider to have limits per accident, per day, and a maximum number of days (such as $600 per accident, $20 per day, and 30 days maximum) for this coverage, which can cost less than $10 per day.

Full coverage is a policy that has both collision and comprehensive coverage. Most states and lenders require full coverage insurance if you lease or finance the vehicle. If you have an older car that is not being financed, having full coverage may not be necessary if the value of the car is less than the price of your deductible.

If you have car insurance and need to have repairs on your vehicle, you can contact Bob Moore Collision Center. We'll work directly with your auto insurance to get your claim taken care of and your vehicle repaired as quickly as possible. We'll have you back on the road in Oklahoma City, Tulsa, and Norman in no time. Schedule your appointment online or visit us for a free estimate today.