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Comprehensive car insurance – Car insurance estimates

comprehensive car insurance
Today, anyone can insure just about anything. Vanna White can get her famous legs insured for millions and even college basketball athletes, who are still supposedly amateurs, can get their legs covered. When it comes to auto insurance, however,
the insurance decisions you make can have drastic implications.

So many people only think of the cheapest car insurance they can get ahold of. They often don’t realize, in the long run, a cheap plan in bad circumstances can result in financial catastrophe if you are held liable for example in an at-fault automobile accident.

In many states, liability coverage is all that is needed, but consumers who have assets that need thorough protection should consider broader vehicle insurance protection. Many financial advisors recommend getting at the minimum collision auto insurance so that the value of the person’s vehicle is not lost due to an unfortunate accident.

While collision coverage is important, for many people it is still not enough coverage to adequately protect their automobile assets because it is limited just to vehicular damage and injuries resulting from accidents.

The best coverage you can get for your beloved car is comprehensive. This protects you from everything that could damage your vehicle other than an automobile accident. Think about all the possible things outside of an accident that could happen to your vehicle:

1. A fire destroys your car
2. A flash flood occurs unexpectedly during an otherwise sunny day and your car is totally flooded after you left the windows down
3. Teenagers, for no good reason, slash your tires just for fun
4. Your car is stolen
5. A jumping deer smashes into the front of your car and through your windshield

Collision vs. Comprehensive

The list could go on and on, but you get the idea. Comprehensive car insurance covers all the things that collision and liability coverage do not. Some people have a hard time choosing between collision vs. comprehensive insurance. The more money you have invested in your vehicle, the smarter it is, in general, to consider purchasing comprehensive coverage to protect your investment.

You should be aware that this type of coverage is not mandated by state insurance laws and is optional in every state. However, many financing companies that provide leases and loans to consumers do require comprehensive auto coverage so that their investment is protected in the event an accident does occur. In most cases, the comprehensive part of your auto policy follows after your collision coverage. The two go together in essence and compliment each other.

Comprehensive Insurance Rates

Although comprehensive vehicle insurance plans are more expensive than basic liability or collision coverage, you can get covered at a reasonable rate if you get a high deductible. Most deductibles fall into the range of $250 all the way up to $1,000.

When you choose a higher deductible, you agree to pay that amount first before your insurer kicks in for the rest. The good news is, the greater your deductible amount, the lower your premium costs will be. For many people, the only way they can afford comprehensive automobile insurance is to go with a high deductible.

If you choose a $1,000 deductible, you can expect to save around 35% over a minimum $250 plan. The money you save can be put into quality investments that you control. Just make sure you have the deductible amount saved in case you need to make a claim and pay it.

Like with all insurance rates, the make and model of the vehicle you have will greatly determine the costs of your coverage. Automobiles that have a history of expensive claims will cost a lot more to insure than those that don’t.

If you are in the market for a new or used vehicle, make sure you do upfront research on the insurance costs before you buy it. Also, go to free sites like CarInsuranceEstimate.org and get insurance estimator rates before you buy your car.

Is Comprehensive Automobile Insurance right for me

Deciding on comprehensive insurance really boils down to your vehicle and your budget. If you have a vehicle that is worth $7,000 or less and you own it, then it might be smart to stick with collision insurance and put the difference in savings into quality investments.

Also, if you own a car and are on a really tight budget, then it might be smart to delay getting a comprehensive plan until you can afford it or have a new vehicle. Driving defensively and parking your car in a safe area such as a garage whenever you can solve many potential problems that could happen to your lovely car.

If on the other hand you have a new car, whether you own it or it is financed, it’s generally a good idea to get a comprehensive policy just because of the cost of major repairs or in the event the car is stolen. Imagine if you had a $45,000 BMW for just one month that you paid cash for, that was stolen and you only had collision coverage on it. What would you do if this was your life savings you sunk into this dream ride?

Cheap Comprehensive Car Insurance Online

You can get really great rates on comprehensive car insurance online and choose from dozens of competing insurers. All you need to do is apply for a quick quote which usually takes only about five minutes. Many customers find the best deals online and savings of $500 annually or more. Get your free rate quote now and insure for less.