The third number is the liability maximum for one accident in property damage. This makes it easier to because at times it is very difficult to determine who is at fault in an accident. The theory is that this will speed up the claims paying process and keep insurance costs down. Collision Coverage This will pay for repair to your vehicle if you are the cause of an accident. You will usually collect the cash value of your automobile.
Collision is the most expensive part of auto insurance.
Insurance companies will total your car in most cases if the repairs are more than the vehicle is worth. Comprehensive coverage This will pay for damages to your car that is not caused by an auto accident. It will cover theft, vandalism, fire, and natural disasters, or running into a deer. This coverage has a deductible and payoff will be the amount your car is worth at the time of the accident. Most insurance adjusters use the Kelly Blue Book, this is available to consumers also, and it is a good idea to have to know what your car is worth.