When discussing auto insurance, it’s a pretty common question – “Do you have Comprehensive?” If you’re considering how much coverage you should have and/or are wondering how Comprehensive works, here’s the skinny.
Comprehensive pays for damage to or loss of your car (minus your deductible) due to perils such as fire, theft and vandalism – but not collision. If a tree falls on your car, for example, comprehensive coverage is designed to cover the repair cost.
In some states, this coverage also guarantees glass repair or replacement in your vehicle and, if your car is stolen, may pay for a rental car if your car is still missing after 48 hours.
Your comprehensive premium can be reduced by choosing a deductible of $1,000 or more.
Options when buying comprehensive insurance
If your car’s value is very low, the wise choice may be to NOT buy comprehensive (unless required to by a lender). If your car has exceptional value due to its condition (classic and antique cars) you should have it appraised and properly insured before declining this coverage.
Ready to learn more?
What’s the most effective way to manage your auto insurance premiums? Acacia Insurance has been helping to make the unexpected uneventful since 1988, and we look forward to working with you. Please contact us with questions and for additional information.