Affordable Collision Auto Insurance Coverage (2024)
Finding affordable collision auto insurance coverage is easy with a safe driving record. Geico offers the best collision insurance rates at $103/mo, but teens pay double for coverage. Your deductible also impacts how much you pay, but a good collision deductible of $1,000 will keep your rates low.
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Brandon Frady
Licensed Insurance Agent
Brandon Frady has been a licensed insurance agent and insurance office manager since 2018. He has experience in ventures from retail to finance, working positions from cashier to management, but it wasn’t until Brandon started working in the insurance industry that he truly felt at home in his career. In his day-to-day interactions, he aims to live out his business philosophy in how he treats hi...
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UPDATED: Dec 16, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.
UPDATED: Dec 16, 2023
It’s all about you. We want to help you make the right coverage choices.
Advertiser Disclosure: We strive to help you make confident auto insurance decisions. Comparison shopping should be easy. We are not affiliated with any one auto insurance provider and cannot guarantee quotes from any single provider.
Our insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.
On This Page
- Collision insurance covers you if you crash into another car or object
- Safe drivers will have the cheapest collision auto insurance rates
- Geico is one of the best providers of collision insurance for drivers
Affordable collision auto insurance coverage is one of the many types of auto insurance coverage that protects drivers from expensive accident bills. If you crash into another car or an object, collision insurance will pay for repairs up to your policy limit.
Read on to learn more about cheap collision insurance, from how it works to the best collision auto insurance company. If you want to start comparing rates for collision insurance today, take a look at our free quote comparison tool.
How Collision Auto Insurance Works and What It Covers
Wondering what will collision insurance cover? Collision auto insurance covers accidents with another vehicle or an object, such as if you crash your car into a mailbox. Some examples of accidents collision insurance would cover are:
- Someone hits your parked car in a parking lot.
- You rear-end a car in traffic.
- You back into a fence while pulling out of a driveway.
Collision coverage helps protect you in all these situations by paying for your car’s repairs. Without it, you would have to pay out-of-pocket for repairs after an accident that was your fault or an accident that was a hit-and-run.
Learn more: Does auto insurance cover hitting my own car?
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The Difference Between Collision Insurance and Full Coverage
Full coverage auto insurance isn’t a type of coverage but rather an insurance policy that consists of liability coverage combined with collision coverage and comprehensive auto insurance coverage. It is called full coverage because these types of policies provide the best protection to drivers.
When it comes to full coverage vs. comprehensive and collision insurance, it is best to carry full coverage that includes both coverages rather than purchasing just comprehensive or collision insurance to go along with affordable liability insurance.
If you just carried collision insurance instead of full coverage, for example, you wouldn’t have comprehensive insurance to protect you from weather damage, animal collisions, and more. You can read more about comprehensive vs. collision insurance in our guide on the difference between comprehensive and collision coverage.
Finding Affordable Collision Auto Insurance Coverage by State
Some states have more affordable collision insurance than others, but most drivers should be able to find cheap collision rates as long as they have clean driving records and shop around.
State Auto Insurance Monthly Rates by Coverage Type| States | Collision | Comprehensive | Liability | Full Coverage |
|---|---|---|---|---|
| Alabama | $28 | $14 | $37 | $79 |
| Alaska | $31 | $12 | $47 | $90 |
| Arizona | $25 | $16 | $48 | $89 |
| Arkansas | $29 | $17 | $36 | $82 |
| California | $36 | $8 | $45 | $88 |
| Colorado | $25 | $17 | $49 | $91 |
| Connecticut | $32 | $11 | $59 | $102 |
| Delaware | $28 | $11 | $69 | $107 |
| District of Columbia | $41 | $19 | $58 | $118 |
| Florida | $26 | $11 | $76 | $113 |
| Georgia | $30 | $14 | $55 | $98 |
| Hawaii | $27 | $9 | $39 | $75 |
| Idaho | $20 | $10 | $32 | $62 |
| Illinois | $27 | $11 | $40 | $77 |
| Indiana | $22 | $11 | $34 | $67 |
| Iowa | $19 | $16 | $27 | $62 |
| Kansas | $23 | $21 | $32 | $76 |
| Kentucky | $24 | $12 | $47 | $83 |
| Louisiana | $37 | $19 | $73 | $128 |
| Maine | $23 | $9 | $30 | $62 |
| Maryland | $31 | $13 | $55 | $100 |
| Massachusetts | $34 | $12 | $52 | $98 |
| Michigan | $37 | $13 | $72 | $121 |
| Minnesota | $20 | $16 | $39 | $76 |
| Mississippi | $29 | $18 | $41 | $88 |
| Missouri | $24 | $16 | $38 | $79 |
| Montana | $23 | $21 | $34 | $77 |
| Nebraska | $21 | $20 | $33 | $74 |
| Nevada | $27 | $10 | $64 | $100 |
| New Hampshire | $26 | $9 | $35 | $70 |
| New Jersey | $33 | $11 | $76 | $119 |
| New Mexico | $24 | $15 | $44 | $84 |
| New York | $34 | $15 | $71 | $120 |
| North Carolina | $26 | $11 | $31 | $67 |
| North Dakota | $22 | $20 | $25 | $67 |
| Ohio | $24 | $10 | $35 | $69 |
| Oklahoma | $27 | $20 | $40 | $88 |
| Oregon | $20 | $8 | $53 | $81 |
| Pennsylvania | $29 | $13 | $43 | $85 |
| Rhode Island | $36 | $11 | $68 | $116 |
| South Carolina | $24 | $16 | $50 | $89 |
| South Dakota | $19 | $24 | $26 | $69 |
| Tennessee | $27 | $13 | $37 | $77 |
| Texas | $33 | $19 | $49 | $101 |
| Utah | $23 | $10 | $45 | $78 |
| Vermont | $26 | $11 | $30 | $68 |
| Virginia | $25 | $12 | $38 | $74 |
| Washington | $24 | $9 | $53 | $86 |
| West Virginia | $28 | $18 | $43 | $88 |
| Wisconsin | $20 | $12 | $33 | $65 |
| Wyoming | $24 | $23 | $29 | $75 |
| National Average | $29 | $13 | $48 | $90 |
In most cases, adding collision coverage in auto insurance policies will raise your rates by less than $40 per month.
Comparing Affordable Collision Auto Insurance Coverage by Company
Comparing collision auto insurance rates by company is the best way to find affordable coverage. Some companies will be significantly cheaper than others, so comparing quotes is the only way to know for sure which collision insurance company is best for you.
Drivers can often get cheaper collision coverage by practicing safe driving and applying for discounts.Eric Stauffer Licensed Insurance Agent
Continue reading to learn about which companies are the best for collision insurance based on driver factors.
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Best Collision Auto Insurance Company by Age and Gender
Besides a driver’s driving record, a driver’s age and gender are two of the biggest factors that affect insurance rates. Below, you can see how collision insurance rates change by age.
Collision Auto Insurance Monthly Rates by Age| Insurance Company | Age: 16-25 | Age: 26-45 | Age: 46+ |
|---|---|---|---|
| Allstate | $173 | $107 | $89 |
| American Family | $169 | $105 | $87 |
| Farmers | $170 | $106 | $88 |
| Geico | $171 | $103 | $86 |
| Liberty Mutual | $174 | $106 | $88 |
| Nationwide | $173 | $108 | $89 |
| Progressive | $172 | $108 | $90 |
| State Farm | $167 | $107 | $88 |
| Travelers | $172 | $109 | $91 |
| USAA | $175 | $104 | $88 |
Read more:
- Geico vs. Travelers: Which Offers More Affordable Auto Insurance Quotes
- Geico DriveEasy Review: Can you get affordable auto insurance?
Younger drivers pay more for collision auto insurance as they are less experienced and statistically more likely to file a collision claim. However, some companies are cheaper than others. State Farm has some of the cheapest rates for younger drivers.
In addition to age, gender also affects rates. Because male drivers are statistically more likely to file claims, they pay slightly higher rates for collision insurance.
Collision Auto Insurance Monthly Rates by Gender| Insurance Company | Male | Female |
|---|---|---|
| Allstate | $119 | $112 |
| American Family | $119 | $113 |
| Farmers | $117 | $114 |
| Geico | $116 | $114 |
| Liberty Mutual | $120 | $115 |
| Nationwide | $118 | $113 |
| Progressive | $118 | $116 |
| State Farm | $118 | $115 |
| Travelers | $119 | $114 |
| USAA | $117 | $113 |
The rate difference by gender is much less significant than the rate difference by age, with Geico being one of the cheapest companies for both genders.
Best Collision Auto Insurance Company by Driving Record
Your driving record will have a significant impact on your minimum collision coverage cost. A major violation can double your collision insurance rates, as you can see in the table below.
Collision Auto Insurance Monthly Rates by Driving Record| Insurance Company | Clean Record | Minor Violation | Major Violation |
|---|---|---|---|
| Allstate | $106 | $139 | $212 |
| American Family | $105 | $137 | $210 |
| Farmers | $106 | $138 | $209 |
| Geico | $103 | $136 | $207 |
| Liberty Mutual | $107 | $140 | $214 |
| Nationwide | $108 | $139 | $212 |
| Progressive | $108 | $138 | $213 |
| State Farm | $107 | $138 | $211 |
| Travelers | $105 | $137 | $210 |
| USAA | $104 | $138 | $208 |
For minor violations, Travelers and American Family offer some of the cheapest rates. However, drivers with major violations will find some of the best rates at Geico and USAA.
Insurance Deductibles and Collision Auto Insurance Rates
An auto insurance deductible is the amount you agree to pay out-of-pocket for car repairs after an accident. For example, if you have a $500 collision deductible and an accident caused $2,000 worth of damages to your car, you have to cover $500 of repairs while insurance will cover the other $1,500.
While a zero-dollar deductible means you have to pay nothing towards repairs, most drivers choose a deductible amount. This is because the higher your deductible, the cheaper your collision auto insurance is. However, we caution not to increase your deductible beyond an amount you can pay. Otherwise, you may be stuck without a car after an accident until you can afford the collision insurance deductible.
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Deciding If You Need Collision Auto Insurance Coverage
While you may be tempted to drop collision coverage to save on insurance, it is good coverage to have for the majority of drivers. Otherwise, you will have to pay out of pocket for hit-and-run accidents or if you hit another car or object. Raising your deductible can help make your collision auto insurance more affordable, but the best way is to shop around for collision insurance quotes.
If you want to get started on finding cheap collision auto insurance, use our free quote comparison tool. It will help you find the best collision auto insurance quotes in your area.
Frequently Asked Questions
What does collision auto insurance cover?
Collision insurance covers your car’s repairs if you crash into another car or a stationary object.
What does $500 collision coverage mean?
$500 collision coverage means that you have a $500 deductible on your collision coverage. If you get into an accident, you have to pay $500 towards the repairs while insurance pays the rest.
How much does collision auto insurance coverage cost?
The cost of collision auto insurance depends on multiple factors, such as your driving record and insurance company.
Does collision auto insurance mean full coverage?
Collision auto insurance is part of a full coverage policy, but it is not full coverage. Full coverage is a combination of liability, collision, and comprehensive auto insurance.
Is liability with collision the same as full coverage?
No, full coverage insurance has liability, collision, and comprehensive insurance.
Is collision coverage actual cash value?
Collision coverage actual cash value refers to the depreciated value of your car that insurance would pay if your car was totaled. Make sure you know what to do after your car is totaled to ensure the claim and cash value payout go smoothly.
What deductible should I choose for collision coverage?
A good collision deductible is one that you would be able to pay out of pocket after an accident.
Is collision auto insurance coverage better than full coverage?
Full coverage is usually best, as it includes comprehensive insurance in addition to collision insurance. These coverages better protect you in a wide range of accidents.
When might collision coverage not be worth getting?
Collision coverage may not be worth getting if your car’s value is greatly depreciated.
Why do I have to pay a $500 deductible?
If you have a $500 deductible on your collision insurance, you have to pay that amount towards repairs to get your car fixed. Otherwise, you won’t have a repaired car until you can pay the $500 for repairs.
What is the difference between collision and comprehensive coverage?
Collision insurance covers you if you hit another car or a stationary object. Comprehensive insurance covers damages from weather, falling objects, and animal collisions.
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Brandon Frady
Licensed Insurance Agent
Brandon Frady has been a licensed insurance agent and insurance office manager since 2018. He has experience in ventures from retail to finance, working positions from cashier to management, but it wasn’t until Brandon started working in the insurance industry that he truly felt at home in his career. In his day-to-day interactions, he aims to live out his business philosophy in how he treats hi...
Licensed Insurance Agent
Editorial Guidelines: We are a free online resource for anyone interested in learning more about auto insurance. Our goal is to be an objective, third-party resource for everything auto insurance related. We update our site regularly, and all content is reviewed by auto insurance experts.