Esurance Collision Coverage Cost and Benefits

Esurance collision coverage can be a lifesaver if you're involved in an accident.

The cost of Esurance collision coverage varies depending on your location, vehicle, and driving history.

Esurance collision coverage typically costs between $200 to $500 per year, with some policyholders paying as little as $100 per year.

This affordable cost is a major benefit of Esurance collision coverage, making it a great option for many drivers.

With Esurance collision coverage, you can rest assured that your vehicle will be repaired or replaced if it's damaged in an accident.

Esurance's collision coverage is a crucial part of their full coverage insurance options. It's not required by any state, but a lender or lessor might require it.

Collision damage to the policyholder's vehicle is what collision coverage pays for, regardless of who is at fault for the accident. This means you're protected if you're involved in a collision, even if it's not your fault.

Comprehensive coverage, which is also not required by any state, pays for non-collision damage to the policyholder's vehicle from things like animals, extreme weather, vandalism, or theft.

Here's a breakdown of what Esurance's collision coverage pays for:

With Esurance's collision coverage, you can rest assured that you're protected in case of an accident or other damage to your vehicle.

Full coverage insurance with Esurance can cost around $2,364 per year, on average. This is a bit more expensive than other insurance companies.

The cost of Esurance car insurance varies based on factors such as age, marital status, and how much you drive your car each year. For example, a 25-year-old single male can expect to pay around $2,317 per year, while a 35-year-old married female can expect to pay around $2,525 per year.

Here's a breakdown of average annual rates for Esurance car insurance by age group and marital status:

Older drivers, those above 50, can expect to pay the lowest rates for Esurance coverage, with most men and women paying between $124.51 and $174.67 a month on average.

Full coverage insurance can be quite expensive, but it's worth considering if you want to protect your vehicle from accidents and other damages. On average, full coverage insurance costs $1,997 per year or $166 per month.

The cost of full coverage car insurance varies based on several factors, including the state you live in, your chosen coverage limits, and your risk factors. Comprehensive and collision insurance, which are typically included in full coverage policies, can add to the overall cost.

Esurance, in particular, offers full coverage insurance, but it's worth noting that their policies can be on the pricier side. According to Esurance, a full coverage policy can cost around $3,166 per year, which is 160% more than a minimum coverage policy.

If you're looking for a more affordable option, you may want to consider your age and marital status. According to Esurance's sample rates, older drivers (those above 50) can expect to pay lower rates, with most men and women paying between $124.51 and $174.67 a month for coverage on average.

Here's a breakdown of Esurance's sample rates for different driver profiles:

Making payments and handling refunds with Esurance is relatively straightforward. You have three options to pay your bill: using the mobile app, the online portal, or the quick pay function.

You can use the mobile app or online portal to pay your bill, move your payment date, or update your payment method. This is convenient and allows you to manage your account from anywhere.

If you need to cancel your policy, you'll have to call Esurance directly – it can't be done online. Be aware that cancelling early may trigger a fee of 10% of your remaining balance or between $40 and $50.

To reinstate your policy after it's lapsed, you'll likely need to do so within a week of expiration. This helps ensure continuous coverage.

Here are your payment options in a nutshell:

You can save money on your Esurance collision coverage with various discounts and savings options. Some of the discounts include a 5% savings discount if you collect a quote online, known as the Fast 5 discount.

Esurance also offers a 15% discount for students or alumni of Pac-12 schools in Arizona, Colorado, Oregon, and Utah, such as Washington State University, the University of Colorado, and the University of Oregon. This discount is part of their Pac-12 Discount program.

Additionally, you can save with the Switch & Save discount, which gives you a 5% discount when you transition from another insurance company to Esurance. You can also stack multiple discounts for even more savings.

Here are some of the discounts you can take advantage of:

If you're 50 or older, you're in luck when it comes to car insurance rates. Overall, older drivers can expect to pay the lowest rates for Esurance coverage.

Esurance coverage for men and women, both single and married, can cost between $124.51 and $174.67 a month on average. This is a significant savings for older adults who want affordable car insurance.

Esurance offers a range of discounts that can help you save on your car insurance premiums. One of the most notable discounts is the Fast 5 Discount, which gives you a 5% savings discount if you collect a quote online.

If you're a student or alumni of certain Pac-12 schools, you can receive a 15% discount, including Washington State University, the University of Colorado, and the University of Oregon. This discount is specifically for students in Arizona, Colorado, Oregon, and Utah.

You can also get a 5% discount if you switch to Esurance from another insurance company, known as the Switch & Save discount. This discount can average out to around $462.

Esurance's DriveSense app is another way to save on your premiums. By downloading the app, driving safely, and opening it at least 50 times in six months, you can get at least a 10% discount. The safer you drive, the higher your discount will be.

Here are some of the specific discounts Esurance offers:

Accidents can be a real hassle, and they can also impact your insurance premium. Most insurance premiums increase by 50% following a car accident, and this penalty can last up to three years.

If you get into an accident, you'll want to know what's covered by Esurance. They offer standard additional coverages like comprehensive, collision, and uninsured and underinsured motorist, and they also have a standout add-on coverage called ShareSmart for rideshare drivers.

Esurance's ShareSmart coverage is a lifesaver for rideshare drivers, as it covers them from the beginning of the process to the end, including when they're looking for passengers or driving to meet one. This is especially important because personal auto insurance policies usually don't cover you during that time.

If you're involved in a car accident, be prepared for your insurance premium to increase significantly. Most insurance premiums increase by 50% following a car accident, and this penalty can last up to three years and add as much as $6,000 to $7,000 per year.

This increase can be a major financial burden, so it's essential to drive safely and defensively to avoid accidents. However, accidents can still happen, and it's crucial to understand how they'll impact your insurance premium.

If you're involved in an accident, you'll need to file a claim with your insurance company. Make sure to document everything, including photos of the damage and any witness statements.

The good news is that Esurance offers various add-on coverages that can help protect you in the event of an accident.

Esurance does cover rental cars, and drivers can add coverage to pay for the cost of a rental car while their own car receives covered repairs.

If you're in a situation where you need a rental car, Esurance's CarMatch Rental Coverage program is available in select states, which allows you to get a rental car of a similar size and body type.

Esurance has an A+ rating from A.M. Best, indicating it won't have financial troubles paying out claims.

This rating is a significant factor in choosing an insurance provider, especially when it comes to collision coverage. Esurance's financial strength gives customers peace of mind in case of an accident.

Esurance was founded in 1999 and is owned by Allstate, one of the largest insurance companies in the US. It services 43 states but has no walk-in locations, so all interactions are online or via phone.

Esurance's annual premiums are generally cheaper than average, but not always the lowest option. Here's a comparison of Esurance's rates with its competitors:

As you can see, Esurance's rates are competitive, but State Farm's rates are significantly higher. It's essential to shop around and compare rates to find the best option for your needs.

Esurance's rates vary depending on the driver's age and history. For example, an 81-year-old female driver would pay $2,963 per year, while a 42-year-old married driver would pay $2,432.