{"id":1380,"date":"2017-10-13T15:54:22","date_gmt":"2017-10-13T15:54:22","guid":{"rendered":"https:\/\/veloxinsurance.com\/blog\/?p=1380"},"modified":"2023-10-03T22:11:48","modified_gmt":"2023-10-03T22:11:48","slug":"need-know-collision-comprehensive-insurance","status":"publish","type":"post","link":"https:\/\/veloxinsurance.com\/blog\/need-know-collision-comprehensive-insurance\/","title":{"rendered":"What You Need To Know About Collision And Comprehensive Insurance"},"content":{"rendered":"

The two major coverages of auto insurance are collision and comprehensive. Both of these are usually offered as a package but you can usually purchase them separately too. While they are similar to each other, they cover different situations. These coverages are not typically required by the state as a legal requirement, but they can be useful in many different circumstances.<\/span><\/p>\n

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Collision insurance covers the damage to your vehicle, for example, if you hit a pole, fence, or other objects. It also covers the expenses if someone else hits your car. In a case like this, you may opt to file a claim against the liability insurance of the other driver.<\/span><\/p>\n

On the other hand, the comprehensive insurance provides protection in case of a car theft. It also covers the expenses of damages from floods, explosions, animal crashes, falling objects, civil disturbances such as riots, and climatic conditions such as tornadoes.<\/span><\/p>\n

How Much is Collision and Comprehensive Coverage?<\/b><\/p>\n

The costs for these two insurance policies vary. It will be based mostly on the chosen deductible amount, the driving history, the location, and worth of the car. <\/span><\/p>\n

For instance, let us use a deductible amount of $500. Let us also assume that the car has the value of $22,000. In terms of the collision and comprehensive coverage, the cost to add will depend on your insurance company. Let us assume that it is between $400 and $2,000 a year.<\/span><\/p>\n

If you increase your deductible, you are able to save money. Do your own research and compare prices so you can get a good deal. You can find policies out there that can give you up to $2,000 as a deductible. But keep in mind that you may have to spend your own money to repair your car or replace it with a new one.<\/span><\/p>\n

Why You Should Purchase Collision and Comprehensive Insurance?<\/b><\/p>\n

The answer is YES if:<\/span><\/p>\n