Is it bad to not have collision insurance?
It can be risky to not have collision insurance because if you cause an accident, you will have to pay for the damage to your car out of your own pocket. Collision insurance helps cover the cost of repairing or replacing your car if it is damaged in a crash, regardless of who is at fault. Without this coverage, you may struggle to afford the expenses that come with a collision. It’s important to weigh the potential financial consequences of not having collision insurance and decide if it’s worth the added protection for your vehicle.
