Great Question, thanks for asking.
Deciding on getting Collision Insurance is a personal decision however it is made more complicated by the financials involved.
In general it depends on the person or couple asking the question.
First off, what is your auto worth?
Second, how much money do you have saved up either for your next car, or in a an emergency account. If you have enough money saved up to pay for a new car, then you may not need Collision Insurance.
Next (third) you need to find out how much Collision Insurance costs you. This can be a bit mor complicated than just reviewing your Auto Insurance Declarations page. You may need to contact your independent insurance broker to ask them.
Last, (assumign you have enough money to replace the vehicle yourself) you need to evaluate if the cost of the insurance per year is worth the amount that it would be to fully replace the automobile.
As I said its a personal decision made more complicated by the numbers.
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