Comprehensive Coverage
Comprehensive coverage pays for damages to your car that were not the result of an accident. This includes damages caused by fire, certain natural disasters, vandalism, falling objects, and theft. Comprehensive coverage is sometimes referred to as Other than Collision coverage.
As with collision coverage, comprehensive coverage is not required under any state law. But if you have a car loan, your lender may require you to purchase this coverage. This is to protect your investment (your car) as well as the lender's investment (your car loan).
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Comprehensive coverage is more important if you car is newer. If your car is damaged or stolen and you do not have comprehensive auto insurance or the finances to pay for repairs or replacement, you could be paying a car loan for a car you cannot drive.
Costs of Comprehensive Coverage
The maximum amount that will actually be paid out is the car's actual cash value minus the deductible you choose when you purchase your policy. The deductible represents the amount of money you must pay up front before your insurance company makes any payments for damages. Deductibles for comprehensive coverage are usually high, but choosing higher deductibles may mean a lower premium.
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**Auto Insurance Finder is not an insurance broker or carrier. Content on this site is for comparison and informational purposes only. The products and services listed on this site may not be available in all states.
Last Updated: February 14, 2008
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