I just have some questions regarding physical damage coverage. I’m from Wisconsin, and I am not exactly sure what collision coverage actually provides. Help?

Brin

Kenosha, WI

Brin, what collision coverage normally provides is the payment for whatever the damages are going to be in the event that your vehicle gets involved in a collision regardless of your vehicle hitting another object or another car or of it getting damaged in instances that it overturns. In an accident, the collision coverage is the one that shall be paying for the repair of the vehicle with the amount going as far as to equal the amount of its value before the accident took place. If you think about it, this is actually cool because the automobile insurance company shall pay for the expenses of the damage even if the party at fault in the accident is you.

Now, the maker and the model year of your car are very important because these things are going to be the basis of your collision premiums. Needless to say, before you purchase this type of coverage, it is highly recommendable that you evaluate the current market value of your vehicle and your financial capacity to afford the same car in the event that your car is destroyed because if your car has diminished its value or if it is within your capacity to replace your car with a similar one, then collision coverage is going to be useful to you.

But to be sure, you can check your state’s insurance web site because I am not sure if the same clauses apply there in Kenosha, Wisconsin.

I am currently under my parent’s car insurance policy. I cant afford to get car insurance yet on my own since I am only 18 years old.. I live with my parents in Wisconsin but they are planning to move in Illinois. Can I stay on their auto insurance if I wont be living in the same household? I have my own vehicle.

Kenosha WI

Peters

No, it is not likely that your parent’s insurance policy will be able to continue to have you and your vehicle if they move out of state. The state of Illinois has different auto insurance liability requirements than the state of WI so that is one problem that may arise but also most all insurance companies will not cover an individual and the vehicle that is not part of the household. Since your vehicle will be garaged in Kenosha Wisconsin and not at the address of your parents then an insurance provider will not usually allow you or your vehicle to be covered on your parent’s insurance policy once they move, especially to a different state.

You can check if there are ways in which to lower the car insurance premium. You can look for car insurance discounts such as safety features on your vehicle for one. Other ways in which to obtain discounts may be taking a driver improvement course or safety course, some insurance company lower car insurance rates if you take approved traffic class. In addition if you are going to school and maintaining good grades some insurance companies give good student discounts.