Comprehensive Car Insurance Explained
For those consumers that currently own a vehicle now, or plan on buying one in the near future, there are a few basics things you should learn about the various insurance types. There are several types of insurance available and you should familiarize yourself with each one. It is the responsibility of the driver to decide on which one best fits their current situation. The three basic types are:
For accidents that do not involve an impact with another vehicle, comprehensive insurance covers these unexpected events. The following article details the basic components of comprehensive coverage and some tips on getting cheaper rates.
What Exactly is Comprehensive Insurance Coverage?
Comprehensive coverage has many benefits. One is that it covers many of the different kinds of losses that can occur to your vehicle outside of a normal accident with another car. There are so many things that can happen to your automobile at any given time. This includes:
- Theft or vandalism
- Flood Damage
- Fire Damage
- Struck by an Animal
- Natural Disasters like Tornadoes
New cars cost on average over $36,000 and many costs more than $50,000. With so much money invested, owners need enhanced protection. This is where comprehensive car insurance comes in. If you have a leased vehicle or financed, you will be required to purchase a comprehensive insurance policy. The only way you can get around it is by purchasing the car outright yourself.
Another benefit is that it can be bought with another type of ins or as a stand-alone type of policy. This type of plan is the perfect answer for people who want solid coverage, but don't want the higher costs involved with full coverage automobile insurance.
Also, if you're not using your vehicle and it's in a storage facility, your comprehensive plan will protect your car even when it's parked. For many people that want full protection, comprehensive ins coverage offers the best value for their money. Enter your zip code and compare rates online in less than 5 minutes.
Comprehensive Coverage Covers the Unexpected
For any glass damage that occurs with your vehicle, you will be fully covered with this type of enhanced coverage. If you live in a small rural area where there are lots of wildlife, such as deer, comprehensive automobile insurance cover damage when an animal strikes your car and inflicts damage.
Hail damage is frequent in many regions in the United States. Comprehensive plans will cover your vehicle against these fierce storms, which can do extensive cosmetic damage to cars. You never know when mother nature will strike next. If your automobile is involved in a fire, you will be protected against this type of damage as well. Fires can completely ruin a car in less than an hour and do thousands in damages.
If your car is stolen and stays lost for over 30 days, comprehensive ins will pay out the current cash value of your vehicle once the deductible is factored in and paid. Many people park their cars on the streets at night and can become victims of vandalism. This includes broken windows, slashed tires among other things. Flood damage is also prevalent in many regions across the United States. In a severe flood, even trees have been known to fall onto cars. For any of these costly events, comprehensive auto insurance will pay for your vehicle repairs. This can save you thousands in repair or replacement costs.
Choose the Best Deductible Amount
When you decide on a new insurance plan, you also need to choose a deductible amount. This can range from as low as $100 to over $1,000. Here is the key. The higher your deductible, the lower your premiums will be. The lower your deductible is the higher your premiums. When you file a claim after an accident, the deductible must be paid first before your insurance policy kicks in.
While comprehensive insurance is more expensive, many people want the peace of mind that comes with the extended protection. No matter how good of a driver you think you are, unexpected events do and will happen. Just when you least expect it, your car could be hit by a deer or even lightning. You never know. This includes unforeseen things like automobile theft, cracked or broken windshields, and so forth.
Before you decide on which type of plan to buy, you may want to get some professional advice from a licensed insurance agent. In general, if your car is worth more than $10,000, you might want to consider buying this added protection.
Compare Online Quotes and Save Hundreds on Comprehensive Auto Insurance
The easiest and fastest way to save big on insurance is to compare multiple online quotes. These days, most of the best deals are found online. This includes $20 down car insurance and policies that don't require a deposit. To get started, just enter your zip code and fill out a few simple questions. You can even get quoted using your smartphone. Start comparing rates now and see how easy saving money can be.