What Does Comprehensive Auto Insurance Cover?

You can insure just about anything nowadays: a flight, rental property, health, gadgets, etc. You can even take out a new policy for your pets.

For car leasers and owners, collision insurance is likely the most important type of coverage and is required by most states to drive legally. However, this coverage is only applicable to physical injuries and damaged caused by accidents. A person who has parked his/her car on a city street, within range of violent political protest, or even in a flood zone likely knows that there are a lot of other ways a car can be damaged. That is why it is very important to have comprehensive auto insurance.

Comprehensive auto insurance pays for damage caused by incidents other than auto accident or collision with another vehicle, such as animal damage, falling objects, weather, vandalism, fire and theft. This kind of insurance is not required by law, but it may be a great idea depending on the type or value of the car you are driving. In fact, drivers of financed or leased cars are usually required to have this type of insurance as this will help them protect themselves or their investment when they are involved in an accident. While comprehensive auto insurance is different from collision insurance, you should have collision insurance as a prerequisite to purchase comprehensive coverage.

The cost of comprehensive auto insurance mainly depends on the amount of deductibles, which typically ranges from $250 to $1000. You have more options when choosing your deductible amount, which is the amount of money you have to pay before the insurance coverage takes effect. To lower the rate of your comprehensive auto insurance, you should have a high deductible. For instance, increasing the deductible from $300 to $600 can reduce premiums by 15% to 30%. Of course, an individual who chooses for a higher deductible will want to guarantee that he or she can manage to pay for it in case the car is damaged and should consider upfront premium savings against a greater deductible on the back end.

Another thing that affects the comprehensive coverage rate is the type of your car. A make or model that comes with a high cost of repair or a high number of claims will usually result in a higher premium. However, you may be eligible for a discount if your vehicle comes with safety features, such as anti-theft protection, standard electronic stability control and intelligent braking.

If you want more information about Victorville auto insurance you can visit the Key City Insurance website or give us a call at 866-466-2109 . We can help you understand how your insurance policy works and decide if you need to make any adjustments so that you and your family are fully protected.