Comprehensive Auto Insurance

1 Mar

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I wanted to break down the major components of automobile insurance for you to recognize what each and every are and why you have to spend so significantly for each component. The three primary components are liability, collision, and comprehension. This write-up is about comprehension automobile insurance.

This portion of your insurance covers damages brought on by break-ins, theft, hail storms, tree limbs, vandalism and fire. A single hail storm could total out your auto due to the price of popping out all the dents. Not positive if you’ve been by means of that just before, but I have, and it was really high-priced. Also, a friend of mine, just this week, got their back window shot out of their van. Does not sound so negative, but it was vandalism with a pellet gun. The glass replacement was $700 and they had a deductible of $500. You do the math. Ouch.

Often it does not pay to have comprehension insurance. If you have an older car that isn’t worth a lot, then you’d be greater off to conserve the income towards a new automobile or just save it to spend for any damages that may occur. You have to look at the expense of comprehension insurance and the worth of the car. I know some folks want it no matter how old or junky their auto is. But why spend for hail damage and radio theft if your old automobile does not have a radio. Apart from, if you have an old vehicle, the radio is possibly old, too.

But when you go and purchase a new or newer automobile, having complete coverage tends to make sense. Discovering old junkyard parts on a new vehicle is rather difficult and if you locate the part, they are rare – hence – high-priced. Now, most folks have comprehension insurance simply because the bank or finance business demands this coverage. If you finance a automobile, then they make you spend for complete coverage insurance. Not fair? But think about Mr. Banker for a moment. You have to carry insurance and keep the automobile in very good shape so it can be sold in case you don’t spend for it. So if you never have insurance on your new Dodge Ram, and a hail storm comes and immediately depreciates out your truck by $6,000 – ouch.

In summary, comprehension insurance is required if you finance the car. You can raise the deductible to keep your payment low. You also may want to think about dropping this insurance if you auto isn’t worth $3000 or if its 10 years old or older.

10 Responses to “Comprehensive Auto Insurance”

  1. Omer January 1, 2013 at 7:13 pm #

    My buddies neighbors tree fell with the evening and some of it broke a window from her kids vehicle. Who will pay for the harm towards the Vehicle?

    Neighbors home owners, states it falls to My freinds Car insurance Co, My Buddies Home owners states it’s an Act of GOD therefore the other home owners insurance coverage is correct, the car Insurance provider in my buddies states if she claims she’ll loose her CLAIM FREE discount, that’s so bogus?

  2. Denae June 8, 2013 at 4:34 am #

    I’m filing a claim for the first time with Progressive auto Insurance. I hit a deer tonight and damaged the entire front and side of my VW convertible. I was curious as to what the steps are that Progressive follows when you file a claim. Do they send someone to see your vehicle and will I be able to decide where I take my car to be fixed? Do they send the place the check or do they send it to me and I have to pay them?

  3. Danilo July 21, 2013 at 1:19 am #

    After moving into inner Atlanta because I’ve grown tired of a completely car dependent lifestyle, my auto insurance went from 70 dollars a month to nearly 160 based solely on my location.

    Not only is this unfair and stupid, it seems to me to defy logic. I would think the suburban commuter who is spending lots of time in his car every day is more prone to claims than me, who barely has a reason to use my car anymore.

    Clarification: We’re talking state minimum coverage here, so I wasn’t covered for theft in the first place.

  4. Suellen July 23, 2013 at 3:37 am #

    I need to know what type of coverage is collision and comprehensive, as far as auto insurance is concerned.

  5. Morton July 23, 2013 at 3:10 pm #

    I’m doing a project for school and what would an average price be for 2 people with just a regular car, like a honda or something, nothing fancy, for auto insurance. and for 2 healthy people for life insurance and health? i’ve website but you have to give all this info for a quote, but i’m just looking for an average froma ny companies.

  6. Brant July 24, 2013 at 8:53 am #

    Im in the process of possibly switching auto insurance companies. I have full coverage, but wondering if it is necessary… or should I opt for liability
    Im keeping insurance on it… smartie. I just dont know if a lower level would be better.

  7. Kevin July 25, 2013 at 7:24 pm #

    I have some damage to back of my car that will be covered under Comprehensive on my policy. I have a $100 deductible for Comp. The total repair bill will about 700-800 dollars. I hate to file a claim if its going to cause a long term increase in my premium. Thanks for any advice from licensed auto insurance agents.
    Note – I am in the state of Maryland and my insurance company is State Farm.

  8. Princess August 18, 2013 at 7:06 am #

    I haven’t had any claims on my auto insurance and I’ve been with them for 8 years. I backed into a parked car (no body in it) and the estimate to fix it is $2360. My deductible is $500 and there was no damage done to my truck. Should I file a claim or pay out of pocket.

  9. Reinaldo August 20, 2013 at 5:22 am #

    Where is a good place to get cheap auto insurance? Im a 22 y/o that lives in CA. I need full coverage (liability, collission and comprehensive) on my 2003 Honda Civic. My driving record isnt too bad.

  10. Beulah September 14, 2013 at 1:21 am #

    In 1992 in Peekskill, NY, fans at a high school football game noticed a fireball streaking through the sky, and was captured on film in 16 different cameras. It ended up smashing the trunk of a car nearby. I was just wondering, if the owner had auto insurance, would he get the money to repair his car?

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