When it comes to auto insurance, understanding the different types of coverage available is crucial. Two of the most common types of coverage are comprehensive and collision. But what do these terms mean, and how do they differ? Let’s take a closer look with the help of Maryland Moats Lexow Insurance, a trusted insurance agency in Granite City, IL.
Understanding Comprehensive Coverage
Comprehensive coverage, as the name suggests, offers a wide range of protection. It covers damage to your vehicle caused by incidents other than collisions. This includes events such as theft, vandalism, fire, natural disasters, and damage caused by animals. If a hailstorm damages your car while it’s parked in your driveway, comprehensive coverage would typically cover the repair costs.
What is Collision Coverage?
On the other hand, collision coverage is specifically designed to cover damage to your vehicle caused by a collision, whether it’s with another vehicle or a stationary object like a tree or guardrail. If you’re involved in an accident where you’re at fault, collision coverage would help cover the repair or replacement costs of your vehicle.
Choosing the Right Coverage for You
Choosing between comprehensive and collision coverage—or deciding to include both in your auto insurance policy—depends on a few factors. Consider the age and condition of your vehicle, your financial situation, and your personal comfort level with risk. If your vehicle is older and not worth much, you might decide it’s not worth paying for both types of coverage. However, if you have a newer vehicle or if you couldn’t afford to replace your vehicle out of pocket, having both comprehensive and collision coverage could provide valuable peace of mind.
Consult with Maryland Moats Lexow Insurance
Still unsure about what’s right for you? The team at Maryland Moats Lexow Insurance in Granite City, IL is here to help. We can discuss your needs and help you understand your options, ensuring you make an informed decision about your auto insurance coverage.
