What is Covered by Collision and Comprehensive Auto Insurance?
Auto insurance can be complicated, but understanding the basics of collision and comprehensive coverage can help you make informed decisions about your coverage options. Here’s what you need to know about these two types of coverage.
Collision Coverage
Collision coverage is designed to help pay for damages to your car in the event of an accident, regardless of who is at fault. This coverage will typically pay for repairs or replacement of your vehicle up to its actual cash value.
Some examples of situations where collision coverage may come into play include:
- You hit another car while driving
- You hit a stationary object, such as a fence or wall
- You are hit by an uninsured driver
Comprehensive Coverage
Comprehensive coverage is another type of auto insurance that covers damages to your vehicle that are not caused by a collision. This can include things like theft, vandalism, fire, or natural disasters like hail or flooding.
Some examples of situations where comprehensive coverage may come into play include:
- Your car is stolen
- Your car is damaged by a falling tree branch
- Your car is damaged in a flood
FAQs About Collision and Comprehensive Coverage
Here are some common questions and answers about collision and comprehensive coverage:
Q: Do I need collision and comprehensive coverage? A: Collision and comprehensive coverage are typically optional, but they can be beneficial if you want extra protection for your vehicle. If you have a car loan or lease, your lender may require you to have collision and comprehensive coverage.
Q: How much does collision and comprehensive coverage cost? A: The cost of collision and comprehensive coverage can vary depending on factors such as your driving history, location, and the value of your car. However, these types of coverage are generally more expensive than liability coverage.
Q: Do collision and comprehensive coverage have deductibles? A: Yes, collision and comprehensive coverage typically have deductibles that you will need to pay out of pocket before your insurance kicks in.
Best Companies for Collision and Comprehensive Coverage
Here are five of the best companies for collision and comprehensive coverage, along with links to their websites, where you can learn more about their coverage options and pricing:
- State Farm: State Farm is one of the largest insurance providers in the United States and offers collision and comprehensive coverage as part of their auto insurance policies.
Link: https://www.statefarm.com/
- Allstate: Allstate is another well-known insurance provider that offers collision and comprehensive coverage as part of their auto insurance policies.
Link: https://www.allstate.com/
- Nationwide: Nationwide offers a range of auto insurance options, including collision and comprehensive coverage, which can be added to their regular policies.
Link: https://www.nationwide.com/
- Geico: Geico is known for their affordable rates and offers collision and comprehensive coverage as part of their auto insurance policies.
Link: https://www.geico.com/
- Progressive: Progressive is another top insurance provider that offers collision and comprehensive coverage as part of their auto insurance policies.
Link: https://www.progressive.com/
Before choosing a collision and comprehensive coverage provider, be sure to compare rates and coverage options to find the best policy for your needs and budget.