Understanding The Difference Between Collision And Comprehensive Coverage

So, you’ve bought a new car? Congratulations!

The first step after buying a new car is getting auto insurance. When shopping for car insurance, you may come across different coverage options including comprehensive and collision coverage. Both types of coverage protect your vehicle differently and have various benefits.

Here’s a quick overview of the difference between collision and comprehensive coverage to help you make the best decision.

Collision Coverage

This is one of the most common types of auto insurance coverage. It protects you financially if your car is damaged in a collision with another vehicle or object. Lenders generally require this coverage if you finance or lease your vehicle. Collision coverage is optional but highly recommended if you own your car outright.

Comprehensive Coverage

The coverage that pays for the damage to your car from events other than a collision is known as comprehensive coverage. This can include hail damage, flooding, falling objects, and even hitting an animal. If you still owe money on your car, your lender will likely require you to have comprehensive coverage. Even if you don’t owe money on your vehicle, comprehensive coverage can be a good idea if you live in an area where extreme weather events are expected.

Be sure to speak to your insurance agents if you have any questions.

Choosing Coverage Limits And Deductibles

When choosing collision and comprehensive coverage limits, it’s important to balance adequate protection and affordability. You don’t want to choose such high limits that you can’t afford the premiums, but you also don’t want such low limits that you would be left with heavy financial damages in an accident or other covered event.

Similarly, when choosing deductibles, remember that a higher deductible means lower premiums and more financial responsibility in an accident.

Speak To An Insurance Agent In Indian Orchard

If you have any more questions regarding auto insurance, the insurance agents at Western Mass Auto Insurance would be happy to help. They’re offering low-cost and low down payments on auto insurance. You can also get discounted prices if you buy home insurance along with auto insurance.

With their registry services, you can be sure to get a license plate and insurance in only 15 minutes.

Get in touch with the insurance provider’s representatives for more details.