Cheap Comprehensive Car Insurance

If you’re searching for cheap comprehensive car insurance, you should know a few things before deciding whether this type of policy is right for you. This begins with understanding what full coverage auto insurance is.

What is Full Coverage Auto Insurance and Why Do You Need It?

While the term “full coverage” implies that everything is covered, this isn’t always the case. Typically, “full coverage” policies include liability insurance, as well as comprehensive and collision insurance. However, you should know that only specific situations are covered.

Unless you are still paying on an auto loan and your lender requires that you purchase full coverage car insurance, collision and comprehensive are usually optional.

Some insurers do need that you have comprehensive to add collision.

In some situations, collision and comprehensive coverage is a great idea, even if your vehicle is paid off. For example, if:

• Your car is expensive, new, or a classic.
• You live somewhere known for extreme weather, a high risk of collisions with animals, or high car theft rates.
• You often drive in heavy, congested traffic.

What Does Full Coverage Insurance Cover?

First, you need to understand state insurance laws. Many states only require drivers to purchase a small amount of auto liability insurance. If you are found responsible for an accident, this coverage pays for the treatment of other person’s injuries and the cost of their property repairs. Your injuries and damages are not covered.

Comprehensive coverage will pay to repair or replace your vehicle if it is damaged by a specific cause unrelated to a crash. This includes fires, hitting an animal, and weather events like flooding or falling objects. On the other hand, collision coverage pays for vehicle repairs when you crash into another car or run into something like a telephone pole. It also pays if your vehicle is stolen.

NOTIFICACION

All coverages usually have a deductible. This is how much your insurer will deduct from a claim payment. This is the amount you will pay out-of-pocket. Deductibles are generally around $500 to $1,000. If you want to lower your rates, get a higher deductible. The higher it is, the cheaper your premiums will be.

Why Might You Not Need Full Coverage?

As your vehicle ages, its value decreases. In this case, full coverage insurance costs may not be worth it. Here’s an example. Let’s say your car is worth $2,200, and you’ll have to pay $700 a year for collision and comprehensive coverage. If your deductible is $1,000, you’ll only receive $500 more than you paid for the coverage. If something happens to your car worth more than $7,000, it may be worth it. However, for really cheap vehicles, you’re essentially throwing away money.

Even if you do have full coverage, you may need additional policy options, such as:

• Towing and labor service
  
• Medical payments insurance
  
• Uninsured motorist coverage

Reasons You May Want Cheap Comprehensive Car Insurance

Cheap Comprehensive Car Insurance gives you added protection and peace of mind that you won’t be responsible for pricey repairs if an accident occurs. Instead, you’ll only be responsible for your compulsory and voluntary excess.

Comprehensive ins can be used to file a claim when an accident is determined to be your fault. It can also be used when fault cannot be proven, such as when you go back to your vehicle after a movie and find that someone has hit it and driven away.

NOTIFICACION

This type of policy makes sense for expensive, newer automobiles.

The Price of Full Coverage Insurance Plans

How much you will pay for comprehensive and collision coverage depends on several factors. They include:

• Your car’s value
• Where you live and drive
• Your driving history
• The deductible amount you select
• Your Credit
• Your Age

In the end, you may pay anywhere from $600 to over $2,000 yearly for your coverage.

Discounts That Could Save You Money

There are several discounts you can get. These include:

Good Driver Discount:

This is offered to anyone with a clean driving record and usually ranges from 10 to 25 percent. In most cases, this discount applies to the licensed person with a clean driving record (no accidents or tickets) for at least 3-5 years.

Driver Training Discount:

Some companies offer a small discount (around 5 to 10%) if you complete a driver’s training course. Others do not if it is required during the licensing process.

Good Student Discount: 

If you have a child in high school or college who has maintained a certain GPA or ranking, some companies will give you a discount ranging from 5 to 25%. Usually, they will need a GPA of 3.0 or higher to rank in the top 20 percent of their class.

New Driver Discount : 

Speaking of children, some companies offer a new driver discount for teens who complete certain novice driver courses. For example, Liberty Mutual has TeenSMART, while Farmers has a YES Program.

Student Away Discount:

If you have a teen who goes to a college over 100 miles from home and is without a car, you may get a discount on your insurance. This can range from 5 to 35 percent.

Low Mileage Discount:

Typically, this discount only applies to cars driven 10,000 miles or less yearly. The lower the amount of miles you drive, the higher the discount.

Multi-Vehicle Discount:

If you have more than one vehicle on your policy, you should be eligible for a multi-vehicle discount.

Family Plan Discount:

If your family includes unmarried adults 21 or older who still live at home, your insurer may offer a discount. Others may provide a discount for adults who take out their insurance with their parent’s insurer.

Get Cheap Full Coverage Auto Insurance Online

The best place to find cheap comprehensive car insurance is online. Comparing rates is fast and easy. It only takes about five minutes to compare up to 10 rate quotes. You can check liability-only policies side-by-side with full coverage plans to see the price differences. All you need to do is enter your zip code to get going. Most people save hundreds of dollars by buying direct auto insurance. Start your free quote and save more.