Loss insurance for collision damage, commonly known as collision coverage, is an optional type of auto insurance that covers damage to your vehicle as a result of a collision with another vehicle or object, regardless of who is at fault.
Collision coverage is important because it can help you pay for the cost of repairs or replacement of your vehicle if it is damaged in an accident. It can also provide coverage for damage to other vehicles or property that you cause in an accident. While collision coverage is not required by law in most states, it is highly recommended, especially if you have a newer vehicle or if you drive in an area with a high risk of accidents.