Who Should Buy Collision Auto Insurance Coverage?
You might benefit from buying collision coverage if your car is financed or leased. Banks for leasing agents generally require that you carry collision car insurance coverage. Also, if you have a relatively new vehicle, or one in excellent condition, you might want to carry it in case you have to replace or repair the vehicle, such as in the event of damage. If your car is older, or not in very good condition, the cost of this level of coverage might not be worthwhile.