Many drivers only obtain the minimal vehicle insurance required. Other drives choose to add both collision and comprehensive insurance to their policy. Experts recommend that all drivers carry comprehensive insurance because it covers a wide array of situations that may not be covered by collision. You can choose to bundle or get separate coverage for both.
There may be instances where you’ll be required to carry both comprehensive and collision insurance. This may apply if you’re requesting an auto loan. If your car is totaled, you’ll have the required funds to cover the outstanding debt on your car.
Comprehensive Auto Insurance
Comprehensive insurance covers theft, vandalism, fire, riot damage, fire damage any such similar circumstances. Comprehensive insurance will not usually cover acts of God, damage or theft caused by family members, or cover vehicle contents, damage caused by improper maintenance or damage caused by faulty tires.
Collision Auto Insurance
If your vehicle is damaged in an accident, collision will cover your cost for repairs. Collision also covers vehicle replacement if your car is damaged badly enough. However, collision will not cover the cost of repairs if damage is caused by mechanical failure that’s a result of poor maintenance.
If your car’s worth is greater than $4000, you should buy collision coverage. It may be cheaper to replace a car altogether if it’s valued less than $4000. Search for car insurance quotes that allow for an affordable purchase of insurance that covers the full cost of replacing your vehicle.
If your deductible is small, you could end up paying a hefty monthly payment, or worse, having to pay out-of-pocket to repair your car. Searching online provides a great opportunity to compare free auto insurance quotes and buy the coverage you need.