Broad vs Standard Collision Insurance: What to Know

Collision insurance is an important part of most auto insurance policies. It helps cover the cost of repairing or replacing your vehicle if you’re involved in an accident. But not all collision coverage is the same. In this post, we’ll compare broad vs standard collision insurance so you can choose the best option for your needs.

What Is Standard Collision Insurance?

Standard collision insurance, sometimes called basic collision coverage, pays for repairs or replacement if your vehicle is damaged in a collision, regardless of who is at fault. With standard collision:

• You must pay a deductible before insurance kicks in.

• The deductible applies whether you caused the accident or not.

• A higher deductible usually means a lower premium.

This is the most common type of collision coverage that drivers carry.

What Is Broad Collision Insurance?

Broad collision insurance offers extra protection. Like standard collision, it covers repairs or replacement if your vehicle is involved in a collision. The key difference:

• If you are found not at fault, your deductible is waived.

• If you are at fault, you still pay the deductible.

Because of this added benefit, broad collision typically costs more in premium compared to standard collision.

Why Consider Broad Collision Insurance?

Broad collision insurance offers peace of mind and added financial protection. Some reasons you might choose broad collision:

• You avoid paying your deductible if you’re not at fault.

• Michigan’s mini-tort law allows you to recover up to $3,000 of your deductible from the at-fault driver, but broad collision simplifies the process.

• It helps protect you in hit-and-run situations or accidents with uninsured drivers.

• Easier claims process without waiting for reimbursement.

Which Collision Coverage Is Right for You?

Choosing between broad vs standard collision insurance depends on:

• Your budget

• Risk tolerance

• Deductible amount

• Driving habits

While standard collision is more affordable, broad collision can save you significant out-of-pocket costs if you’re not at fault in an accident.

Final Thoughts

Both standard and broad collision insurance protect your vehicle after a crash. Broad collision provides added convenience and financial protection for a slightly higher premium. Speak with your insurance agent to review your options and select the right coverage for your situation.