What Is Comprehensive Car Insurance?

​Comprehensive Car Insurance is a type of auto insurance that can help cover damage to your automobile caused by situations other than crashes. Comprehensive insurance may cover your vehicle, among other things, if it is wrecked by a typhoon, dented by a deer, vandalized, broken into, or crushed by a falling tree.

Understanding Comprehensive Insurance
Comprehensive, collision, and liability insurance are the three components of a vehicle insurance policy. Most states have laws requiring the purchase of liability insurance. However, having a car of one's own does not necessitate collision and comprehensive coverage.

Depending on the auto loan provider, a person may require comprehensive insurance if they have financed their vehicle. The following is generally covered by a Comprehensive Insurance Policy:

• Fire
• Broken windshields
• Natural disasters 
• Fallen objects, such as branches, pebbles, or hail
• Theft of a car or a certain part of a car
• Disputes and rioting

Car Insurance Deductibles and Limits for Comprehensive Coverage
Your deductible is the amount you must pay on a claim before your auto insurance begins to pay. The remaining of your expenses, up to your maximum, will be covered by your auto insurance after you pay that.

Let's assume that your car needs to be repaired, and the cost will be $6,000, with a $1,000 deductible. Only the $1,000 deductible will be your responsibility; your insurance provider will cover the remaining $5,000 of your comprehensive claim. You will select a deductible amount when you purchase comprehensive insurance.

What Is the Cost of Comprehensive Insurance?
The Insurance Information Institute estimates that in 2018, the most recent year for which data is available, the average annual cost of comprehensive auto insurance in the United States was around $2,000. Comprehensive auto insurance premiums can vary, and some factors that affect the cost are your:

• Deductible amount
• Model and age of the car
• Driving history

Choose a higher deductible if you intend to purchase comprehensive auto insurance coverage to help keep your premium costs down. However, it also means you must pay more out of pocket if you have an accident. You should typically choose your deductible based on your car's cash value (ACV).

Does Law Mandate Comprehensive Coverage Insurance?
The law does not mandate that you carry all-encompassing insurance. Nevertheless, your lender may insist on seeing proof that your vehicle is leased or not entirely paid off. Comprehensive insurance also protects you from damage caused by factors frequently beyond your control. So, getting extensive coverage is a smart idea.

At Arnold Insurance Agency, we aim to provide comprehensive insurance policies that make your life easier. We want to help you get insurance that fits your needs. You can get more information about our products and services by calling our agency at (318) 965-5953. Get your free quote today by CLICKING HERE. Topics and coverage discussed in this article are not guaranteed, consult with your agents to determine what your policy does and does not cover. We are more than happy to help!