Are Collision And Comprehensive The Same Thing With Auto Insurance?
Insurance is confusing to many people because there are so many things to know and understand. If you feel confused by your auto insurance policy, you are not alone. One of the things people find confusing is the subject of collision coverage and comprehensive coverage. Are these the same things? If not, what is different about them? Here are the things you should know if you want to learn about the differences between collision and comprehensive insurance coverage.
To start, you should understand that there are some similarities between collision and comprehensive insurance. The most prominent similarity is the protection they give you. Both types protect your car for events that you cause or that happen from acts of nature. If you have both of these, you can have peace of mind knowing that you have coverage for just about anything that could possibly happen to your car.
The primary difference between these coverage types is what each one covers. Collision would cover damage from accidents to your own vehicle if your actions caused the accident. If you pull out in front of someone or rear-end another driver, collision coverage protects you. Having this protection is essential if you have a car loan or own a car that is valuable to you.
Comprehensive covers incidents that damage your car in other ways, such as an animal collision. Hail that hits your car during a storm can cause a lot of damage, and comprehensive covers this too. Comprehensive is also the protection you need if you want coverage for vandalism or theft to your car.
Each of these covers different types of damages, but both are important. If you have both, you have protection for just about any type of incident that you could experience.
Which Type Do You Need?
Now that you understand the differences and similarities with these coverage types, do you know which ones you need? If you are not sure, ask an agent. An agent can give you advice that is ideal for your situation and life. If you still owe money on your car, you will likely need both types, plus you may need others too. For example, you should have liability coverage, as well as uninsured and underinsured motorist coverage.
Every situation is unique, though. To learn more about the options available with insurance types, contact a company like Kesner Insurance Agency Inc.