Updated April 2026
What Is Collision Coverage Insurance?
How Much Does Collision Coverage Insurance Cost?
- Vehicle value and replacement cost — a $45,000 SUV costs significantly more to insure for collision than a $12,000 sedan since the potential payout is higher.
- Chosen deductible amount — selecting a $1,000 deductible instead of $250 can reduce your collision premium by 30% to 40% but increases your out-of-pocket cost per claim.
- Driving record and at-fault accidents — drivers with recent at-fault accidents pay 40% to 60% more for collision coverage since insurers view them as higher risk for future claims.
- Credit-based insurance score in most states — drivers with poor credit may pay 50% to 100% more for collision coverage even with clean driving records.
- Where you live and park your vehicle — urban areas with higher accident rates and vehicle theft typically see collision premiums 20% to 40% higher than rural areas.
- Annual mileage — vehicles driven 20,000+ miles yearly generally cost 15% to 25% more to insure for collision than those driven under 10,000 miles due to increased accident exposure.
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