Should You Get Comprehensive Car Insurance?

Comprehensive car insurance is the best type of insurance for your vehicle. This type of policy will cover all kinds of damage. This means that the company will grant coverage for damage caused by the driver, as well as coverage for third-party liability.

We came to the USA in 2005 and within 1 month from getting our first car, we were hit by hurricane Wilma. The windshield got shattered. Thankfully I had the comprehensive coverage. An ‘Act of God’ was covered under this type of insurance coverage. Since then I am carrying this clause although I never had to use it again.

Finding the perfect comprehensive car insurance can be a long process, but you need to remember that it is important to compare multiple offers before you make a choice.

How does comprehensive car insurance protect you?

By purchasing a car comprehensive insurance your vehicle will be fully protected. This means that your insurance will cover you if there is any damage inflicted by a third party.

This type of insurance can also provide legal liability coverage if your car is stolen or vandalized. Comprehensive insurance covers any sort of malicious acts.

Additionally, this policy will protect the car in case of an accident, even when the driver is the one who caused it. This includes little incidents, such as driving your car into the mailbox.

In case of a collision, the insurance will cover the repairs, as well as the third party damages.

Finally, this type of policy will also protect you against severe weather damage, which means that your vehicle will be covered in case of a flood, fire, storm, etc.

Reducing the costs of your car insurance

It is possible to lower the cost of your insurance. For example, there are discounts for cars which have security features.

If your vehicle has some sort of high-tech security features installed, it is more likely to receive low premium rates. That is because these features reduce the risks of theft.

An anti-theft device will reduce the premium also if you add on products like auto ‘black box’ or Telematics device can reduce your car insurance, especially if you are a new driver or have past accident history.

There is also a bonus if you haven’t filed a claim during the term of the policy.

In this situation, your premium rate can be reduced by up to 50 percent for the upcoming year. The claim bonus can also be transferred to another insurer.

You can also reduce the premium payable for your car insurance if you want to resolve minor damages on your own. These are called voluntary deductibles and they can reduce your rates by up to 30 percent.

Risks

Your car insurance premium will be affected by various risks. For example, there are risks related to the driver. Your age and profession represent factors that influence the premium.

Additionally, if more than one person drives the car, the premium will go up, As naturally more drivers mean more mileage for the car thus more time on the road.

There are also risks related to the vehicle. The model, age, cubic capacity, and other factors will be taken into account by the insurer.

Generally, newer cars have more discounts factored in as the probability of a mechanical failure is less in a new car than in an old car.

For example, gasoline cars have premiums that are 10 to 15 percent lower compared to Diesel cars.