An evening view of drivers coming to and from Philadelphia, Pennsylvania with the skyline reflecting on the water

The Cost of Collision Insurance in Pennsylvania 

If you’re confused when you hear the term “collision” when someone is talking about their auto coverage, you’re not alone. It might be natural to think that all auto insurance has to do with “collisions,” but this type of insurance is just one of the several specific coverages that make up your auto insurance policy. The cost of collision insurance is relatively inexpensive when you consider what it covers. But what is collision insurance, and what exactly does it protect you from? Although it’s not a state requirement in Pennsylvania, it’s probably a good idea to include it on your auto policy. Let’s take a closer look at what it is, and what it costs.

What Is Collision Insurance?

Collision insurance pays for damages that were done to your vehicle only. For example, if you were in a car accident that involved incidents such as being hit by another driver, striking a stationary object like a building or pole, or overturning your car – collision insurance will pay for the damage to your vehicle. It’s important to understand that collision only covers the cost of repairs on your vehicle, and not another car, or stationary property. If you’re at fault in an accident, then the required liability coverage will pay for damage to property belonging to another person.

What Is the Cost of this Protection?

Both the value of your car and the deductible amount that you choose will likely be determining factors in what you’ll pay in annual premium to have collision insurance on your car, the lower your collision deductible is, the higher your premium is. The same can be said in reverse – the higher your deductible, the lower your premium. For example, if you drive a car that has a value of $30,000 and you have a $100 deductible on your collision insurance, then you’re going to pay a higher premium compared to someone with a car valued at $10,000 paying a $500 deductible. Of course, the premium will also depend on many other factors, for example, your driving record and the issuing insurance carrier.

Should You Buy Collision Insurance?

Even though the state of Pennsylvania does not mandate collision insurance on your auto policy, your bank may require you to carry collision coverage in order to finance the purchase of a car. This simply protects the interest of the lender until your loan is paid off. If you own an older car with a lot of miles, collision insurance may be less of a need. However, you still need to consider whether or not you could afford to replace your car if it were totaled in an accident that was your fault.

Final Thoughts on Collision Insurance

As consumers, we’ve been programmed to shop for the lowest price and get the best “deal.” However, that can be a dangerous thought process when shopping for auto insurance or considering optional coverages such as collision insurance. It’s important to keep in mind that as a policyholder, you’re transferring a substantial risk to the insurance carrier in exchange for very little money out of your pocket. Unless you drive a car with a very low value, carrying collision insurance on your auto policy is a wise choice. If you have questions about collision insurance or the cost of collision insurance, a Plymouth Rock representative would be happy to help you make the choice that is right for you.

 Plymouth Rock Assurance is a marketing name used by a group of separate companies that write and manage property and casualty insurance in multiple states. Insurance in Pennsylvania is underwritten by Palisades Insurance Company, Palisades Property and Casualty Insurance Company and High Point Preferred Insurance Company.

Call 855-993-4470, get your free quote online, or find an agent to see how we can help you with the cost of collision insurance in PA. Visit our contact us page if you need to call us with additional questions.