Comprehensive insurance is a broad category of auto insurance that basically covers everything that comprehensive car insurance actually does – damages to your car from all causes other than an accident. In simple terms, comprehensive insurance covers your car when it’s damaged by fire, vandal, weather, break-in, or if it’s totally wrecked by fire. It’s also good in case you have theft or damage of your car caused by someone else. When buying auto insurance, make sure you get comprehensive coverage. Here are the types of policies available:
If you’re the type of person who drives around a lot and parks your car in lots and doesn’t spend much time at home, then comprehensive coverage might not be for you. If you value the safety and well-being of your family, then comprehensive coverage may be for you. If you value the security of your car and its contents, then comprehensive coverage is definitely for you.
Collision deductibles and no fault accidents – If you’ve been in an accident that wasn’t your fault, and the other person has no insurance, then you’re on your own. Therefore, collision deductibles will make up the difference between what your car cost to fix and what it’s worth as a new car. (Note: Collision deductibles are different from liability insurance premiums. Liability insurance pays if you cause an accident and you pay your medical expenses as well as your damages in the event you are found at fault.) If your car is very expensive and the deductible isn’t high enough to cover the repairs, then don’t purchase comprehensive insurance.
Comprehensive covers damage from all sources, not just collisions. If you’ve got a nice lawn and a pool, that probably isn’t comprehensive insurance. However, comprehensive insurance covers damage from such things as hail storms, fire pits, power outages, vandalism, and flood damage. It also covers damages due to vandalism, theft, and wild animals. The deductible will depend on the value of your car, but comprehensive insurance is still cheaper than liability insurance.
You may want to get more than one type of insurance if you own a car, truck, or SUV. One option is to purchase auto insurance and a comprehensive coverage through the same company. If you have an older car that doesn’t meet the criteria for auto insurance because it’s considered to be a “high-risk” vehicle, then you may want to purchase collision coverage as well. This way, if you are in an accident, you won’t have to worry about losing everything you’ve invested in your car.
The key to saving money with a comprehensive insurance policy is to choose the lowest deductible. You can save a lot of money this way. Also, make sure you purchase the right kind of coverage. For instance, if your car is less than five years old, then you should probably consider purchasing liability insurance instead of collision insurance.
The most important factor in deciding whether to purchase a liability or comprehensive coverage is to understand what kind of car you drive. The most expensive type of car insurance is comprehensive coverage. It’s good for older cars, since it covers a lot of different problems. However, for the majority of modern cars, comprehensive coverage may not be enough. One reason is that modern cars have airbags, which protect the driver and passengers in case of a crash. Collisions involving large trucks also carry much higher premiums than those involving a car.
Comprehensive coverage is designed to help pay for repair and replacement of your car if you’re involved in an accident and it’s not your fault. To get full coverage, you’ll need to purchase collision insurance as well, which typically comes at a lower rate. You can ask your insurance agent about additional kinds of policies, such as comprehensive coverage, and see what they recommend. Make sure you have the right kind of coverage and you’ll be safe.