Are Comprehensive Auto Insurance Rates Higher than Conventional Ones?

If you want the best car insurance available in terms of coverage, you may want to consider comprehensive auto insurance. Comprehensive car insurance is part of a total auto insurance package in that, with comprehensive insurance on top of regular collision coverage, your car is essentially covered no matter what happens to it. Getting auto insurance that’s all encompassing can be expensive, however. If you’re curious about comprehensive versus conventional auto insurance, read on to learn more.

Comprehensive Auto Insurance

Comprehensive car insurance pays for damages to your car caused by “acts of God.” This means that if your car is damaged in a hurricane, flood, fire, earthquake, et cetera that the insurance provider will pay either to repair damages or for the fair market price of the vehicle, minus the deductible. This coverage extends to theft and vandalism as well—basically, any damage that is caused to your car while it is not in motion is covered under comprehensive auto insurance coverage.

Conventional Auto Insurance

“Conventional” auto insurance is usually thought of as basic collision insurance. Collision insurance coverage is pretty much what it sounds like: it covers damages to your vehicle caused by a collision either with another car or with a stationary object. Some conventional car insurance policies also cover theft. Conventional auto insurance does not, however, cover damages caused by natural disasters and the like.

The Complete Package

For total coverage of all damage that could possibly be caused to your vehicle, you would need to get comprehensive auto insurance and collision insurance. Many insurance providers offer these 2 types of insurance as a package deal. There can sometimes be confusion about these types of coverage because with some providers, comprehensive encompasses the entire damage spectrum including damages covered by conventional auto insurance. Be sure to ask your insurance provider precisely what sorts of damages comprehensive coverage covers. You may be able to cover your vehicle completely with comprehensive coverage, or you may need to combine it with a conventional insurance policy.

Why Comprehensive Costs More

Simply put, comprehensive insurance costs more because it covers more. If your insurance provider offers comprehensive insurance as a type of insurance which covers all damages, collision and otherwise, of course you can expect to pay more than you would for a less complete coverage policy. If comprehensive insurance only covers natural disasters and collision insurance is listed separately, however, the rates for each may vary. Comprehensive insurance does still tend to cost more overall than conventional insurance. If you’d like your car to be completely covered in all incidences, see if you can get a package deal with comprehensive and conventional insurance grouped together for a discount.

Although comprehensive auto rates are higher than conventional insurance rates, they do a better job of protecting your vehicle. You may find comprehensive insurance a worthwhile investment to protect your car as much as possible.