Benefits of Comprehensive Car Insurance

Comprehensive car insurance covers accidents not covered by liability and collision including natural disasters and theft. In this article you can learn all about how comprehensive car insurance can benefit you.

Comprehensive car insurance takes care of anything that happens to your car that doesn’t include an accident with another car or personal injury. This type of coverage can raise your premiums quite a bit, however, it’s the only type of coverage that can deliver complete peace of mind regarding your automobile.

What Comprehensive Car Insurance Covers

Comprehensive car insurance will pay for most damage to your car that isn’t covered by liability and collision coverage. Damages covered include the following:

  • Storms & Natural Disasters - Only comprehensive coverage will pay for damage related to nature like tornadoes, hurricanes, floods, hail and even earthquakes.
  • Vandalism - Would your current car insurance pay for a new paint job if someone keys your car? It won’t if you don’t have comprehensive coverage.
  • Theft - What would you do if your car was stolen? Do you have enough money saved up to buy a new one tomorrow and get on with your life? If you don’t, you may want to consider comprehensive car insurance.
  • Falling Objects - Imagine coming home to find one of your vehicles has had a large tree branch fall on it. This could absolutely total a vehicle. Comprehensive coverage is the only car insurance you can get that will pay for this type of damage.
  • Animal Damage - This is especially important for people who live in rural areas. Running into an animal in the road can ruin your car and be a mess to clean up. Comprehensive insurance will take care of your problems without a lot of headache.

Comprehensive Car Insurance Deductibles

The deductible you choose for your policy will make a huge difference in the amount you pay for premiums every month. Deductibles range from $0 all the way up to $1000 or more. Your deductible is the amount you are willing to pay out of pocket in the event of an accident. The amount you choose should be an amount you are actually comfortable paying. Choosing a high deductible is great for lowering your premiums but won’t do you any good if you aren’t able to pay it.

It’s important to note that the maximum amount of comprehensive coverage will only pay you the exact value of your car at the time of the accident at most. The closer your car’s value is to the amount of your deductible, the less helpful comprehensive insurance will be. If your car is only worth $2000 and you have a $1000 deductible, you will only receive $1000 in the event your vehicle is completely totaled.