Is It Worth Paying For Comprehensive Car Insurance?

Written by a Guest Blogger

Your car is a large investment and you want to make sure that investment is super safe. Your house if you own one may be your largest investment but next to that if you’re like most people your car is the second.

There are many kinds of insurances out there and the agent is usually on commission and so of course wants to sell you more. But is more always better, or is less better in some cases? You don’t want to over pay for insurance you’ll never  use or that doesn’t even come close to fitting your needs.

What Is Comprehensive Insurance?

In a nutshell, comprehensive insurance protects you from loss and damages to your vehicle that are events not related to a collision. This type of insurance covers things like theft, vandalism, natural disasters like floods or tornadoes, fire, falling objects like trees and riots where people roll your car over or set it on fire.

So, how do you get the insurance comprehensive or otherwise that’s best for you? In the following section I’ll go over some of the things your insurance agent might just leave off when helping you choose a policy.

Covering Your Insurance Needs

1. Where do you live and how is your car stored when you aren’t driving it? Let’s face it if you leave a nice car out at night in an area where there is high auto theft or smash and grabs you might want to consider comprehensive insurance as a good idea.

If your car is garaged and there is ample security you might want to have this weigh in on your consideration as well.

2. If you live in an area where there are tornados, serious hail, super high winds that knock over trees and various other acts of God then full on comprehensive might just be money well spent. The reason being that if you don’t have comprehensive insurance companies won’t cover this type of damage.

3. Do you live in an area where there is a lot of civil unrest and or vandalism? If yes, you will want to consider whether or not your car could become a casualty in such events. If your car is garaged at work with security provided and garaged at night at your home then this one factor may not carry much weight because your risk of exposure might be low.

4. If you’re in an auto loan for your car with the bank or another lending institution then you will need to check with them to see if you’re required to carry comprehensive or not. Many require it especially on new cars or newer used cars.

5. How old is your car and what is your car worth? If you’re driving a car that doesn’t really have that much value then comprehensive may not be the way to go.

However, if you’re driving a nicer car or newer car that would have a high replacement value then it’s likely a good idea.

It all boils down to this; if your insurance company doesn’t require you to carry comprehensive auto insurance and you have plenty of money so that when you care gets damaged from anything we’ve discussed above and many more things we haven’t you can just pay for it out of pocket then you may not need it.

However, if your car would cost more to fix than you are willing to cough up in cash all at one time then you should strongly take purchasing it under consideration. Because with auto damage, it’s not a matter of if but more a matter of when.

About the Blogger

Toni King is an insurance agent for over 10 years and very experienced in car insurance. Being a comprehensive agent Toni deals in American and Mexican insurance as well. As you can see Toni is one of those that will actually tell you everything you need to know.

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Auto Upkeep 4th Edition

Michael Gray

Mike has roots in the automotive service industry. He began diagnosing and fixing cars at a young age in his family’s service station. He has worked in automotive parts supply stores, towing companies, and service facilities. After graduating from St. Cloud State University (MN) with a Bachelor’s degree, he implemented and taught a basic car care program at the high school level. During work on his Master’s degree at Illinois State University (IL), he was a curriculum specialist on a National Science Foundation project where he co-authored ten integrated mathematics, science, and technology books designed for team teaching. Mike has also supervised teachers in Career and Technology Education as a school system administrator.

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