Auto Insurance in MA

Part 7 - Collision

7.  Collision (Optional Massachusetts Auto Insurance) - Insurance pays for collision damage to your auto, less any applicable deductible, no matter who causes the accident. If your car is financed, your lender may require this coverage as well as a particular deductible amount.

Selecting Your Deductible:

Your MA auto insurance deductible will be set at $500 unless you select a different amount. You can always save on your premium by choosing a larger deductible where one is offered. In determining the amount of deductible that is right for you, decide how much you can afford to pay out of your own pocket in the event of an accident or loss in which you are at fault, or the other driver is unidentified. The deductible you choose is the amount you should expect to pay if you use this coverage option. Information regarding Selecting Your Deductible also applies to Limited Collision coverage (Part 8) and Comprehensive coverage (Part 9).

Waiver of Deductible for Auto Insurance:

Buying Collision coverage with a "waiver of deductible" means that the collision deductible you choose will not apply when an accident is caused by another identifiable driver. This is most helpful when there is an uninsured, identifiable driver. If you are in an accident caused by another identifiable driver who is insured, their Part 4 coverage (Damage to Someone Else’s Property) will pay your automobile’s damages to the limit they purchased. You will not have to pay the deductible amount.

If you are in an accident caused by another identifiable driver who is uninsured, the waiver of deductible will pay the collision deductible you selected; however, you must pay additional premium for this option.

Find out what your car is worth today. If you have a car of low dollar value, it may be a wise economic choice not to buy the Collision and Comprehensive coverage unless a lender requires it.

However, if your automobile has substantial value because of its exceptional condition, such as an antique, classic or restored automobile, you should have it appraised and then consider insurance coverage in light of the appraised value.

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