Lower Comprehensive Car Insurance Costs

By Author: Marcus Stalder
Total Articles: 491
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Many Americans today groan at the thought of having to renew their auto insurance or having to purchase new insurance for themselves or someone else in the household. The reason for this is that unlike the economy which has been on a downhill, the cost of insurance is increasing. With many thanks to the likes of uninsured motorists and poor drivers, collisions are raising the rates of car insurance at an alarming rate. And with these statistics rising, it can be very easy to consider making cuts on the car insurance policy. While it is true that in many states liability insurance is the only mandated insurance requirement, that does not always mean it is a good idea to cut comprehensive car insurance. This holds especially true if cutting costs is the only reason you are cutting comprehensive insurance. Here we will talk about why comprehensive insurance is good to have on newer cars, and how you can still purchase comprehensive without breaking the wallet.

What is comprehensive car insurance after all? If you are new to insurance policies, or have never had to deal with these matters, this term can be confusing. The ...
... main types of car insurance include liability, comprehensive, and collision insurance, and these types of insurance are broken down further into more specific types. With comprehensive insurance, you get insurance on your vehicle that protects you against financial loss as a result of theft, damage, vandalism, or act of god or mother nature on your car. In other words, comprehensive insurance covers you for all aspects relating to your vehicle that are losses NOT involved with a collision in any way shape or form. Thus the name, comprehensive, as it covers just about anything else as far as damages or loss of your vehicle are concerned.

The other most common question with this insurance is, do you need it? Well, that depends. When it comes to state requirements, not all state required comprehensive insurance. So technically, if you live in one of those states, then no it is not required. But if you live in a state that is affected by extreme weather, such as along the hurricane belt along the Gulf Coast, you may want to consider comprehensive insurance. Victims of Hurricane Katrina that did not have comprehensive insurance suffered extreme financial losses as a result of damage to their vehicles by an act of god. If you need your car to get to your place of employment and run the risk of extraneous damage or loss of your vehicle, comprehensive insurance is a good idea. Also, if your car is newer, and presents a higher risk of theft or crime, comprehensive insurance is never a bad idea.

But does that mean you are going to have an expensive insurance policy? That factor is determined by the kind of vehicle you have and your driving record. You can still get a very affordable comprehensive insurance coverage by simply adding a deductible to your policy. By having a deductible on your policy, you lower your risk to the insurance company, and this will be reflected in your car insurance quotes. When it comes to car insurance, comprehensive is one factor that plays a role in your car insurance quotes, but with that policy comes peace of mind and protection against emergency situations. It's never a good idea to forego comprehensive for cost factor alone, as we have discussed there are a number of ways to alleviate some of that cost and still get lower car insurance quotes.