Collision Insurance: Do You Really Need It & How Much Is Necessary?
Collision coverage offers additional protection after an accident but can lead to higher auto insurance premiums. This coverage is particularly important for drivers living in places with many uninsured motorists, but it can benefit most people who can’t afford to replace their car out of pocket.
Updated: January 27, 2023
About Mark Fitzpatrick
Mark Fitzpatrick has analyzed the property and casualty insurance market for over five years, conducting original research and creating personalized content for every kind of buyer. Currently, he leads P&C insurance content production at MoneyGeek. Fitzpatrick has been quoted in several insurance-related publications, including CNBC, NBC News and Mashable.
Fitzpatrick earned a master’s degree in economics and international relations from Johns Hopkins University and a bachelor’s degree from Boston College. He is passionate about using his knowledge of economics and insurance to bring transparency around financial topics and help others feel confident in their money moves.