Regarding car insurance, there are two main types of coverage: collision and comprehensive. Collision insurance covers damage to your car when you hit another object, like a tree or another vehicle. Comprehensive insurance covers damage to your car from other sources, like vandalism, theft, or a natural disaster.
Both types of insurance are important for protecting your car, but they offer different levels of protection. Here’s a look at the difference between the two types of coverage and when you might want to choose one over the other.
One significant difference between collision and comprehensive insurance is that collision coverage only covers damage caused by a collision with another object. At the same time, comprehensive insurance also covers damage from other sources. For example, if your car is damaged in a fire or stolen by a thief, you typically file a claim with your comprehensive insurer to cover the repairs or replacement.
Additionally, collision insurance typically costs more than comprehensive coverage, as it provides more extensive protection. However, if you are involved in an accident and your car is declared a total loss, your comprehensive coverage may help cover the cost of replacing your vehicle.
Ultimately, choosing between collision and comprehensive insurance will depend on your needs and driving habits. If you are primarily concerned with protecting your car from damage caused by collisions, then collision coverage is a good option. On the other hand, if you also want to be protected from damages from natural disasters and theft, comprehensive insurance may be a better choice.
Call us at Versatile Insurance Planners today if you have any questions about your coverage. We proudly serve the San Antonio, TX area.