Comprehensive Insurance and Collision Insurance
Collision and comprehensive insurance are two types of car insurance that cover damage to your car from different causes. Collision insurance pays for damage to your car if you hit another car or object, such as a fence or a tree. Comprehensive insurance pays for damage to your car from events that are not related to collisions, such as theft, vandalism, fire, flood, hail, or animal strikes.
Feature | Comprehensive Insurance | Collision Insurance |
---|---|---|
What It Covers | Damage to your car not caused by a collision (e.g., theft, fire, vandalism). | Damage to your car from a collision with another vehicle or object. |
Typical Deductible | Yes, varies by policy. | Yes, varies by policy. |
Required By Law? | No, but may be required by lenders if you have a loan or lease. | No, but may be required by lenders if you have a loan or lease. |
Ideal For | Drivers who want protection from non-collision events. | Drivers looking to cover damages from accidents they cause. |
What It Doesn’t Cover | Damage to your car from a collision. | Damage to your car not resulting from a collision (theft, fire, etc.). |
Example Scenarios | Your car is stolen; a tree falls on your car; your car is damaged in a storm. | You hit another car; you crash into a fence; your car rolls over. |
Collision and comprehensive insurance are often sold together, but you can buy them separately. The cost of each type of insurance depends on factors such as your car’s value, your deductible, and your driving record.
What Is Comprehensive Insurance and What Does It Cover?
If you own a car, you know how important it is to have insurance. But do you know what kind of insurance you need? There are different types of car insurance policies, and one of them is comprehensive insurance. Comprehensive insurance covers damage to your car caused by events other than collisions, such as theft, vandalism, fire, flood, hail, or animal strikes. It can also cover the cost of repairing or replacing your windscreen, which is often damaged by flying debris or rocks.
Comprehensive insurance is optional, but it can save you a lot of money and in case of an unexpected incident. In this article, we will explain what comprehensive insurance is, what it covers, and how to decide if you need it.
Table of Content
- What Is Comprehensive Insurance?
- What does Comprehensive Insurance Cover?
- Advantages Of Purchasing Comprehensive Insurance for Cars
- Advantages and Disadvantages of Comprehensive Insurance
- Comprehensive Insurance and Collision Insurance