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Collision Automobile Insurance.
Collision Automobile Insurance is insurance that kicks in when you are in an automobile accident with another driver and you are the driver at fault.
Collision insurance will pay the fair market value of your vehicle, minus your deductible (the higher deductible, the less the policy will cost you).
It is not required in any state, however, it would save you quite a bit of money if you ever get into an
accident with you at fault. Though, if your car is financed, the loaning bank or institution may require
you to have collision insurance. Check with the company that financed you to find out.
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