Car Insurance - Comprehensive and Collision Insurance Explained
Comprehensive and Collision auto insurance along with liability and medical are what is known as full coverage. Comprehensive insurance covers you in the event your car is damaged by vandalism, weather or theft. Collision insurance covers your vehicle if damaged when you strike another vehicle or object. If your car is financed, you will likely be required to obtain full coverage. With an older model you may wish to consider whether auto comprehensive and collision insurance is worth it based on the value of your car.
Auto Insurance - Comprehensive Vs Collision
Someone sprays graffiti on your hood, that would be your comprehensive insurance. You back into a pole, that’s collision coverage. Simply put, things that happen to your vehicle that are not within your control are comprehensive. Things that happen to your vehicle because of some action on your part are collision!
Collision & Comprehensive Auto Insurance - Do you Need It?
Here are some guidelines for car insurance, collision and comprehensive
Financed and leased vehicles generally require auto insurance, collision and comprehensive coverage, before you leave the dealership. So, we recommend you look for & get a quote to find the cheapest car insurance with collision and comprehensive before you begin your search for a vehicle. Those with older vehicles or one’s that have values which are below $3,000 may want to consider carrying liability coverage alone remembering that any damage they sustain will not be covered.
Collision & Comprehensive Car Insurance Quote
Factors When Considering Collision & Comprehensive Car Insurance Coverage on your Vehicle
If your car is leased or financed, likely the only options to save money are by increasing the deductibles but even that may be set by the lessor or financing agent.
If your car is older, then several factors may influence your decision. The state of your finances, the value of your vehicle, the areas in which you drive and the accident potential are all factors you should consider when deciding on car insurance coverage.
Daily use of your car in high traffic areas significantly raises the risk of an accident. If you commute to the train station, you represent less risk which usually translates into lower rates.