Comprehensive Car Insurance Explained

Comprehensive Car Insurance ExplainedFor those consumers that currently own a vehicle or plan on buying one shortly, there are a few basic things you should learn about the various insurance types. Several types of insurance are available, and you should familiarize yourself with each. The driver's responsibility is to decide on which one best fits their current situation. The three basic types are:

  • Liability
  • Collision
  • Comprehensive

Comprehensive insurance covers these unexpected events for accidents that do not affect another vehicle. The following article details comprehensive coverage's basic components and tips on getting cheaper rates.

What Exactly is Comprehensive Insurance Coverage?

Comprehensive coverage has many benefits. One is that it covers many losses that can occur to your vehicle outside of a typical 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. You must purchase a complete insurance policy if you have a leased vehicle or financed one. The only way you can get around it is by buying the car outright yourself.

Another benefit is that it can be bought with another type of insurance or as a stand-alone type of policy. This plan is the perfect answer for people who want solid coverage but don't want the higher costs involved with full 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 parked. For many people who want full protection, comprehensive insurance 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 enhanced coverage. If you live in a small rural area with 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 also be protected against this type of damage. Fires can completely ruin a car in less than an hour and do thousands in damage.

Many people park their cars on the streets at night and can become victims of vandalism. This includes broken windows and 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. Comprehensive auto insurance will pay for your vehicle repairs for any of these costly events. 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. This can save you thousands in repair or replacement costs.

Choose the Best Deductible Amount

When you decide on a new insurance plan, you must 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 before your insurance policy kicks in.

While comprehensive insurance is more expensive, many people want peace of mind with extended protection. No matter how good of a driver you think you are, unexpected events do and will happen. This includes unforeseen things like automobile theft, cracked or broken windshields, etc. When you least expect it, your car could be hit by a deer or even lightning. You never know.

Before you decide which type of plan to buy, you may want to get professional advice from a licensed insurance agent. You might consider buying this added protection if your car is worth more than $10,000.

Compare Online Quotes and Save Hundreds on Comprehensive Auto Insurance

The easiest and fastest way to save 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, 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.