Accidents aren’t the only things that can destroy your car. By adding comprehensive coverage to your car insurance, you can cover repair or replacement costs if your vehicle is damaged in anything other than an accident.
What the comprehensive insurance covers
Comprehensive insurance coverage provides protection against events beyond your control and not involving a fall, including:
- Extreme weather. Hail, hurricanes, floods, wind, tornadoes and forest fires. Comprehensive insurance coverage can help pay for the damage Mother Nature is causing.
- Animal harm. If you collide with a car or a stationary object, it will cover the collision. But if you run into a deer, bear, or other wildlife, it has extensive coverage. It also covers damage that mice, squirrels, marmots, and other rodents can cause when they get into your car.
- Falling objects. If a strong gust of wind knocks over a branch that falls on your vehicle, or your car gets in the way of a meteor or other strange falling space objects, you are fully covered.
- Theft. If you’ve been the victim of a series of car thefts in your area, you can pay for your vehicle to be repaired or replaced.
- Vandalism. If someone keys your car or slits your tires, your insurer will do the repairs if you have fully comprehensive insurance.
What does not cover comprehensively
While comprehensive coverage can be useful if anything other than a collision damages your car, it doesn’t cover:
- Medical bills. Comprehensive does not cover medical bills for you or anyone else injured in an accident.
- Crashes. If your car is damaged in an accident with another vehicle or a collision with a stationary object, this is not covered by the fully comprehensive insurance. For that you need collision protection. It also doesn’t pay to repair someone else’s vehicle extensively.
- Your personal property. If your phone is stolen from your car, the fully comprehensive insurance will not pay for the replacement or anything else that was stolen from your vehicle. However, your homeowner’s insurance company can reimburse you for stolen items.
This is how fully comprehensive insurance works
If you need to make a claim, you will need to pay for some of the repairs up front before your insurance goes into effect. The amount you pay is the deductible you choose when you purchase the policy. Your health insurance company will tell you which deductible amounts you can choose from.
As a rule, the higher the deductible, the lower your premium. After paying the excess, the insurer will cover the remaining repair costs up to the insured amount.
The insurance limits for fully comprehensive insurance are usually lower than the limits you might choose for liability insurance. Because fully comprehensive insurance does not pay for legal disputes that could result from an accident.
The insurance limit for your fully comprehensive insurance is usually the market value of your vehicle. And it’s the maximum amount your insurer will pay for repairs, even if it’s not enough to cover the damage.
For example, let’s say your car is worth $ 2,000 and the hurricane that swept through your city caused $ 5,000 in damage to the vehicle. The insurance company will likely “total” your vehicle and write you a check for $ 2,000 (minus your deductible).
Use our valuation tool to find out the market price range of your vehicle.
What is the difference between fully comprehensive and fully comprehensive insurance?
When collision protection comes into effect, it is usually because you hit a pothole, rolled over your vehicle, or had an accident. And you need to fix your vehicle. Fully comprehensive insurance also covers property damage to your vehicle, but occurs if something other than an accident (e.g. storm) causes the damage.
Is comprehensive insurance compulsory?
Comprehensive coverage is optional in all 50 states. But lenders usually charge it. If you lease a car or take out a car loan, you will likely need to get fully comprehensive insurance as a condition of your financing.
How much does a fully comprehensive insurance cost?
In 2018, the average premium for fully comprehensive insurance was $ 1 National Association of Insurance Commissioners (NAIK). However, the amount you pay depends on several factors including how old your vehicle is, how much it would cost to repair or replace, the theft rate and bad weather where you live, and more.
Is fully comprehensive insurance worth it?
When deciding whether to include fully comprehensive insurance in your auto insurance, ask yourself whether you can afford to repair your car or buy a new car if the one you are currently driving is damaged. When that isn’t possible, maintaining full coverage can help protect your finances, but it depends on the value of your vehicle.
If the cost of your premium and deductible is more than the value of your car, it is likely not worth the extra expense. But if the cost of your premium and excess is well below the value of your car, it may be worth adding the protection.
For example, let’s say the premium for your fully comprehensive insurance is $ 200 per year, your deductible is $ 500, and the real cash value of your car is $ 13,000. If a tree falls on your vehicle and causes $ 5,000 in damage, the insurance company will write you a check for $ 4,500. And you paid $ 700 for your premium and deductible.
However, if the value of your vehicle is $ 1,500, the insurance company will only reimburse you for $ 1,000 in damages. In this case, comprehensive coverage may not make sense.
Can I cancel the fully comprehensive insurance?
If you don’t have a car loan or lease, you can always remove fully comprehensive insurance from your car insurance. But before you drop the coverage, run the numbers through to make sure it makes sense financially.