Collision insurance is an optional car insurance coverage that pays to repair or replace your vehicle if it’s damaged in a crash with another car or object, regardless of who is at fault. It does not ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Marguerita is a Certified Financial Planner (CFP), Chartered Retirement Planning Counselor ...

Some types of auto insurance are mandatory in most states. This includes liability insurance. But other auto insurance protections are optional -- including collision insurance. Although no law ...