Allstate auto insurance can help you stay protected for wherever the road takes you. Damage to your car from a collision Damage to another person's vehicle from a collision Your or your passengers' medical expenses after an accident. When you purchase comprehensive coverage, you will select a set deductible , which is the amount you pay out of pocket toward a covered claim. Comprehensive coverage has a limit , or the maximum amount your policy will pay toward a covered claim.
The limit on comprehensive coverage is typically the actual cash value of your vehicle. If your car is stolen, for example, your insurance company would reimburse you for your car's depreciated value, minus your deductible. In other words, if you wanted to replace your stolen vehicle with a newer make and model, you would likely have to use some of your own money to do so, in addition to using the reimbursement from your insurer. Keep in mind that the comprehensive deductible and limit are separate from your policy's collision deductible and limit.
Choosing a higher comprehensive deductible generally means your premiums will be lower, which can save money upfront. However, you may have to pay more out of pocket toward a covered claim. Likewise, choosing a lower comprehensive deductible means the amount you pay for coverage will increase. Your agent can help you determine what deductible and limits fit your needs. Collision coverage helps pay to repair your car if it's damaged in a collision with another vehicle or object, such as a fence.
Generally, collision coverage comes into play because a driver gets into a car accident. Comprehensive is a separate coverage from collision. It helps cover different types of losses that are usually not the result of driving the vehicle, such as theft , hail or fallen trees.
Comprehensive Insurance vs. Collision Insurance. If you're wondering whether you should buy comprehensive coverage, here are a few considerations:. Have questions about comprehensive coverage? Talk to a local agent. What Is "Full Coverage? Retrieve a saved quote. Skip to main content Explore Allstate. Popular Searches. Allstate We help customers realize their hopes and dreams by providing the best products and services to protect them from life's uncertainties and prepare them for the future.
Skip to main content Toggle navigation Log in. Edit location. Select a product to get a quote. Register new account Pay your bill. Get your ID cards. Updated: October Comprehensive insurance is a coverage that helps pay to replace or repair your vehicle if it's stolen or damaged in an incident that's not a collision. Video Transcript [Voiceover] What is comprehensive coverage? Comprehensive covers damage to your car caused by accidents and disasters beyond car accidents.
Collision and comprehensive insurance each have their deductibles liability insurance has no deductible , so a driver can choose different deductibles based on perceived risk levels in each of these areas. Understanding how insurance companies determine driver risk classes can help you estimate what you might pay for comprehensive coverage. Where you live, your driving record, and your coverage amounts can determine how much you pay for car insurance, including comprehensive coverage.
Comprehensive auto insurance protects you financially from theft, natural accidents, and weather-related damage. This insurance means you won't end up paying out of pocket if a tree falls on your car or a thief takes off with it in the night.
There are downsides. If you are in an accident, comprehensive insurance won't pay for the damage. And comprehensive insurance may be expensive if you are purchasing it along with collision insurance. If your vehicle is older and paid off, you could save money by not purchasing comprehensive coverage, especially if theft and weather-related events are not concerns where you live.
Comprehensive coverage protects you against theft, weather-related events, and other major things beyond your control. Comprehensive coverage often covers "unforeseen events" like break-ins or broken windshield wipers due to hail. If you own a new car and live in a high-crime area, comprehensive insurance will cover the damages caused by any break-ins or thefts. Comprehensive insurance works similar to any other type of auto insurance if you need to file a claim. But if you've never had to do so, it helps to have an illustration, so you know what to expect.
Seeing an example of comprehensive insurance in action can offer some perspective on how valuable it can be if your car is damaged. If you're leaning more toward the "when to drop comprehensive insurance" side, it's helpful to know how much damages may cost you to repair out of pocket.
In this case, you might choose to skip comprehensive insurance. Or, if you prefer to self-insure, then you might also decide not to purchase comprehensive insurance.
But remember that in this instance, forgoing comprehensive coverage means you could end up with a steep repair bill if your car is damaged. So weigh the costs of any potential repairs against what you might pay in terms of premiums or deductibles to maintain comprehensive coverage.
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If you are eligible for a USAA policy, the insurer is worth a call. State Farm is a good option for students because of the discounts it offers to young drivers. Steer Clear is a program designed for teen drivers that provides course training and driving practice. Completion of the program provides a discount. And on top of that, it works through a network of independent agents able to help you find the best policy for your needs.
Because consumers rely on us to provide objective and accurate information, we created a comprehensive rating system to formulate our rankings of the best car insurance companies. We collected data on dozens of auto insurance providers to grade the companies on a wide range of ranking factors. The end result was an overall rating for each provider, with the insurers that scored the most points topping the list. Here are the factors our ratings take into account:.
MarketWatch Logo Go to the homepage. Home » Picks » Guides » Insurance » What is comprehensive insurance, and do you need it? Learn More. What is comprehensive insurance, and do you need it? Protect your finances from Mother Nature, vandalism and bad luck. A Home Media. Compare car insurance quotes. Answer a few simple questions to save money on your policy. What does comprehensive insurance cover?
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