So what is Comprehensive vs Collision Coverage?

New car – check, loan finalized – check, insurance purchased – check. But do you understand the last part? If you have a loan for your new car the bank will require you to have collision and comprehensive coverage on your auto policy, but do you understand why? These are two separate coverages and many times, two different deductibles.

Collision covers damages to your car when your car hits, or is hit by, another vehicle or other object.

Comprehensive covers your vehicle for losses resulting from incidents other than a collision. This includes damages to your car if it is stolen or damaged by flood, fire, falling objects or animals.

Understanding the difference between Comprehensive vs Collision coverage and your auto policy is very important. How do you know if you are properly protected if you don’t understand what you have. You may think you have enough but chances are you may need additional coverages to protect your finances. Contact us today, we’re here to help!