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"Collision insurance costs $382 per year on average. Adding collision insurance will make your policy cost more than if you only had your state’s required liability coverage, but collision insurance is still a good investment for many drivers. \nCollision insurance, which is optional in every state, protects your car in the event of a collision with an object or another vehicle. The cost of collision insurance varies widely, however, based on vehicle value, deductible, driving history and ZIP code, among other factors.\nCollision coverage is often bundled with comprehensive insurance, which covers expenses that are not from a collision, like theft or fire damage. Together, these two kinds of coverage are often called full coverage, although this term is not strictly defined.\nIt’s important to note that the maximum amount you’ll receive from your insurer for a collision claim is the value of your car when you crash it, not when you bought it. As a result, considering your car’s value and your financial resources will help you decide when to drop collision insurance.\nTo see how much collision insurance costs for your specific circumstances, check out WalletHub’s car insurance comparison tool. And be sure to always compare rates from multiple companies to get the best coverage for the lowest price."
<https://wallethub.com/answers/ci/how-much-is-collision-insurance-2140724880/>