Comprehensive Insurance Vs. Collision Insurance

There are different types of coverage you can choose from when it comes to auto insurance. Some of the most important is comprehensive insurance and collision insurance.

While both coverage’s have pros and cons, one might better fit your needs than the other. Which one is right for you? Here, we’ll examine the differences between comprehensive and collision insurance?
 What Is Comprehensive Insurance, And What Does It Cover?

Comprehensive insurance is a type of insurance coverage that protects your vehicle from damage caused by events out of your control like floods, theft, or fires. Comprehensive insurance can also provide coverage for medical expenses incurred from injuries sustained in an accident. Comprehensive insurance is not required in all states but may be required by your lender if you have a loan on your vehicle.
What Is Collision Insurance, And What Does It Cover?

Collision insurance is a common type of auto insurance that covers damage to your car due to a collision with another vehicle. This can include hitting a tree, crashing into a pole, or being rear-ended by another driver. Collision insurance typically has a deductible amount that you will pay out of pocket before your insurance company kicks in. The higher your collision insurance deductible amount, the lower your premium. However, it’s vital to make sure you can afford your deductible in the event of an accident. Otherwise, you will be left with a hefty bill.
Which Insurance Coverage Is Right For You?

Deciding whether to purchase comprehensive or collision insurance can be a difficult choice. Comprehensive insurance may be the best option if you are concerned about protecting your vehicle from all types of damage. However, if you are on a budget and are willing to take on the risk of paying for damages yourself, collision insurance may be sufficient.

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