When you purchase a new car, you want to protect it the best that you can. In addition to keeping it well-maintained, many people decide that they need to get the best insurance policy possible for their new investment.
This typically means getting comprehensive auto insurance, which is sometimes referred to as “other than collision” coverage. While this coverage is optional in all states, it is a good idea to have it for a variety of reasons.
What Does Comprehensive Insurance Cover?
Comprehensive coverage when you buy a new Nissan for sale pays for everything except actual collisions. If you live in an area prone to natural disasters, it protects you from damage related to hurricanes, tornados, or fires.
It also protects you if your car receives damage related to vandalism, theft, and civil disturbances. Comprehensive policies do not cover collision damage, legal fees, medical expenses, or lost income, as well as any property that was stolen from your car.
Why Do You Need a Comprehensive Insurance Policy?
There are a number of reasons that you should opt to purchase comprehensive coverage as part of your insurance policy. For one thing, it can be used no matter who is at fault when something happens.
It also helps to pay for repairs over your deductible, making it so that you aren’t stuck paying the bill all on your own. If you have a lien on your vehicle, it may be required to protect their interest in the vehicle. Above all, though, it will give you peace of mind.
Is Comprehensive Insurance the Same Thing as Full Coverage?
Comprehensive coverage and full coverage are not the same thing. Comprehensive coverage specifically refers to any damage that was not related to a collision. “Full coverage” is an all-encompassing term meant to refer to policies that include comprehensive coverage, collision coverage, and liability coverage, which is required in most states.
What Are the Deductibles and Limits for Comprehensive Car Insurance?
A deductible is an amount that you need to pay on your insurance claim before your insurance provider will make a payment. Only after you’ve reached your deductible will your provider pay for other damages.
This means that if you have a $750 deductible and your car receives damages of $5,000, you’ll need to pay $750 before the policy provider pays the other $4,250. You are the one who chooses your deductible amount. The higher it is, the lower your monthly payments will be.
What Is the Cost of Comprehensive Insurance?
On average, people paid about $170 a month for comprehensive insurance coverage in 2018. However, it is important to note that insurance rates vary depending on a wide range of circumstances, including your driving history, the make and model of your car, where you live, and even your gender and age in some cases.
Get Peace of Mind with Comprehensive Auto Insurance
Your state likely does not require you to cover a comprehensive insurance plan, but that doesn’t mean that you should go without one. The monthly investment will be well worth it should something happen that requires you to use the policy.