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GEICO is one of the leading insurance companies providing comprehensive car or auto insurance. Having an insurance essentially safeguards you against having to pay out-of-pocket for damages sustained to person, vehicle, or other property in the case of an accident. GEICO auto insurance allows you to pick from affordable, comprehensive coverages with personalized service. The following article talks about GEICO insurance’s collision coverage.

GEICO collision coverage
Collision coverage is a type of coverage that pays for the cost of the vehicle repairs caused due to collision with another vehicle or object. A collision coverage can be used whether the driver is at fault or not. One of the unique features about it is that it does not have a limit selected for the collision. The coverage pays based on the actual value of the vehicle, and the user is responsible for paying the deductible agreed upon earlier.

What is a collision deductible?
It is one of the most important aspects to agree upon before selecting an insurance policy. A collision deductible is essentially the amount that will be paid by you before the insurance company starts paying for the damage. Typically, a lower insurance coverage entails higher deductible costs and vice versa. So, it depends on the policy holder’s appetite for financial risk. Consider that a driver is involved in an accident that causes $1000 in damage to the vehicle. Now, if the collision deductible is $250, then the drier will pay $250 in damage first, and the remaining $750 will be paid through insurance.

GEICO car insurance offers discounts on its insurance quotes. Policy holders can save up to 5% on their premiums as GEICO can give discounts on collision coverage if the insured vehicle has anti-lock braking systems.

GEICO ATV insurance
This is GEICO’s stand-alone product, which allows policy holders to have access to a unique suite of coverage options, unlike its scooter and moped insurance. GEICO ATV insurance offers collision coverage, property damage liability coverage, bodily injury liability coverage, comprehensive physical damage coverage, medical payments, and uninsured and underinsured motorist coverage.

However, it is important to note that GEICO collision coverage does not cover all the damages pertaining to another person’s vehicle or property. It does not cover for theft, vandalism, natural disasters like floods, hurricanes, earthquakes, and forest fires, and hitting an animal. So, make sure to read the fine print of the insurance before buying the policy.