A Focus on Comprehensive Auto Insurance

Automobile insurance is vital if you drive a vehicle, in fact a certain level of liability car insurance is likely required in the state the car is registered. Auto insurance is also a great place to save money because it comes in so many types and levels of coverage, including liability, collision, comprehensive, uninsured motorist and more. Of course this variety can be overwhelming when you are ready to buy car insurance.

Taking a closer look at comprehensive auto insurance

Comprehensive auto insurance is not always well understood, but essentially it covers damage to your car caused by something other than a collision. This includes theft and damages from a fire, flooding or animals. Comprehensive auto insurance covers costs after your deductible, and like with all insurance a higher deductible will give you a lower premium. Deductibles of $100 and $300 are typical, but you can purchase comprehensive car insurance with a much higher deductible for a considerably smaller premium.

There are specific circumstances where comprehensive auto insurance is more desirable than others. Comprehensive auto insurance will help repair, or even replace, new cars or cars in very good condition, and a vehicle under a lease or financing conditions may be required to be insured with a comprehensive car insurance policy. A car that is an older model or is not in good condition most likely doesn’t need comprehensive auto insurance coverage.

Did You Know? Seventy seven percent of drivers buy comprehensive auto insurance along with liability car insurance.

Takeaways:

1. The higher the deductible, the lower your premium
2. New, leased and financed cars benefit from, and might require, comprehensive coverage
3. Comprehensive auto insurance protects your car from loss other than collision

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