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Do I Need Comprehensive Coverage for My Car Insurance?

When purchasing car insurance in Bradford, Vermont, drivers have several optional coverages to consider. One option coverage that many drivers select is comprehensive coverage. Here’s how to decide whether this coverage makes sense for you.

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What is Comprehensive Coverage for My Car Insurance?

Comprehensive Coverage Insures Vehicles Against Non-Collision Incidents

Comprehensive coverage insures vehicles against most non-collision incidents. It’s sometimes called “other than collision” coverage for this reason.

For the purposes of car insurance, collisions are typically either incidents that are within the driver’s control or ones that involve multiple vehicles. An accident between two vehicles at a stop light in Bradford, VT for instance, would normally be considered a collision. Whether an auto insurance policy covers collisions usually depends on the policy’s collision coverage, rather than its comprehensive coverage.

Non-collision incidents are generally things that are outside of the driver’s control. Many non-collision incidents are considered “acts of God or nature,” but not all incidents are defined as such. Some examples of non-collision incidents that an auto insurance policy’s comprehensive coverage might cover include:

  • Falling tree branches that cause damage

  • Hailstorms that cause damage

  • Carjackings

  • Startled deer

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A Car Insurance Policy Provides Coverage Up To a Vehicle’s Value

As is the case with most insurance coverages, the protections that an auto insurance policy’s comprehensive coverage provides can vary from policy to policy. Almost all policies, however, limit the maximum amount of coverage provided to a vehicle’s fair-market value. Additionally, a deductible is usually subtracted from how much a policy will pay for a valid claim.

For example, if a vehicle is worth $3,000, the most that an auto insurance policy will pay on a valid comprehensive claim will probably be $3,000 less any deductible. If the policy has a $500 deductible, the maximum payment a policyholder would receive if their vehicle was totaled in a covered incident would be $2,500.

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Drivers who have newer vehicles are often wise to get comprehensive coverage, because their vehicles can be worth a lot. Many newer vehicles are worth tens of thousands of dollars, so the difference between the vehicle’s fair-market value and the policy’s deductible is sizeable. If a $20,000 was totaled in a covered non-collision incident and the driver’s auto insurance policy had a $500 deductible, the driver would receive $19,500 from their insurer.

Talk to an Agent!

Ask an Agent in Bradford, Vermont to Help You Evaluate Your Needs

For help determining how much benefit comprehensive coverage will be to you, talk with an independent insurance agent who serves Bradford, Vermont. An agent will be able to help you determine what you might receive for a valid claim, based on your car’s value and chosen deductible. After crunching numbers with an agent, you should be in a good position to decide whether you’d like to self-insure your car against non-collision incidents or include comprehensive coverage in your car insurance policy.

Topics: Car Insurance, Bradford, VT, Vermont Insurance

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