Updated April 2026
What Is Collision Coverage Insurance?
How Much Does Collision Coverage Insurance Cost?
- Vehicle value and replacement cost — newer or high-value vehicles cost more to insure because collision pays up to actual cash value
- Deductible amount — choosing a $1,000 deductible instead of $500 typically lowers your premium by 15–30%
- Driving record — at-fault accidents, DUIs, or speeding tickets in the past 3–5 years can increase collision premiums by 20–80%
- Location and garaging zip code — urban areas with higher accident rates and theft lead to higher collision costs
- Credit-based insurance score — in most states, lower credit scores correlate with higher collision premiums
- Annual mileage — driving more miles increases accident risk and raises collision coverage cost
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