Should you get Comprehensive Insurance Coverage for your Car?

Here's a simple way to understand what comprehensive insurance coverage does for you. Let's say that you're out of your mind with sleep driving late one night and you run your car right into a lamp post. What kind of insurance would cover the damage? Your collision coverage will help you pay to repair your car. But what if your car is damaged through something you didn't do to it? For instance, what if someone totals your parked car or a thief smashes a window to steal something inside? Or what if you're visiting a national park in your convertible car, and a bear happens to rip up your fabric roof to get at the food inside? When it's nothing that comes out of your driving, who find that comprehensive insurance coverage is the only thing that can come to your aid.

So let's go in a little more deeply. You could for instance, just pay to insure against broken glass or ripped upholstery or something. Who though, should buy comprehensive insurance coverage for their autos?

It is clear that this is not a product that you're required to buy by law. This is something you buy to protect yourself just in case. But the premiums can be quite expensive. If you have a really old car that's on its last legs, you may find that you're paying more to cover your car than the car is worth. Basically, you should only consider a comprehensive product if you cars new enough or inexpensive enough. Otherwise, you could just start a little car fund yourself with the money you would pay the insurance people.

In most cases, if you financed your car, you'll find that the lender will have required you to buy comprehensive insurance coverage. Many times, if you go in asking for just collision coverage, your insurance company will require that you buy comprehensive coverage as well.

How much comprehensive coverage ends up costing you will depend on the kind of car insurance history you have. If youve made claims before, you can expect to pay higher premiums now. Also, it can depend on what kind of car you have. If it's a car that's known to be expensive to buy spares for, it can send your premiums up. Since comprehensive coverage pays for car theft, they'll probably check your car against a national database of car thief preferences. Model of cars that get stolen often, will get you hit for a bigger premium unless you invest heavily in protection devices.

If you're thinking about buying any kind of insurance, make sure you get quotes from at least three different companies. Remember, not every insurance company is responsible and dependable when it comes to paying a claim. Going in with a slightly expensive but reputable company is always a better idea than going with a no-name company.

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