Comprehensive and Collision

Other than basic state mandated insurance, comprehensive and collision coverage is the cornerstone to a smart auto insurance relationship.

Comprehensive covers your vehicle against non-accident damage. For example, your car would be covered in the event of a fire, flood, riot, vandalism or even the ever popular hail damage. Comprehensive makes payments to restore your vehicle to pre-accident condition, or pays the market value of the car if the vehicle can’t be repaired. Comprehensive coverage comes with deductibles, or amounts you have to pay out of your pocket before the insurance company pays, such as $250, $500 or $1000. The lower your deductible, the higher your rate on the comprehensive policy.

Collision coverage covers your vehicle in the event of an accident with another vehicle or object. For example, if you hit a wall in an accident, collision would make the necessary repairs to restore your vehicle to pre-accident condition. If that is not possible, it will pay the market value of your car. Just like comprehensive, collision coverage is subject to deductibles that you must pay out of your pocket before the insurance company starts to pay. Again, the lower the deductible, the higher the rate for collision insurance.