What Is Comprehensive Auto Insurance?
Q:What Is Comprehensive Auto Insurance?
AIS Answer: Comprehensive auto insurance is a type of coverage within an auto insurance policy that covers all damage to your vehicle. Usually you see this coverage combined with Collision, making it Comp and Collision in your insurance plan.
If you lease or have a lien holder on your vehicle you may be required or have agreed to carry certain limits on your automobile, including comprehensive. If you own a vehicle outright you may not be necessarily required to have comp and collision on your policy, but keep in mind your vehicle may not be covered from theft, vandalism, or 1 vehicle accidents. Basically, if your insurance company cannot place the blame on another driver and your vehicle sustains damage, it will likely not be covered without comprehensive.
Comprehensive (and collision) will generally make up about 40% of your premium. Even though this may be expensive, you’ll have to do the math and figure out if it’s worth it for you - and most importantly talk to a licensed insurance agent or your current auto insurance company about ways you can save money on your policy.
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