Comprehensive Auto Insurance

Comprehensive insurance, as the name suggests, is all-inclusive covering pretty much everything that can happen to your vehicle, other than an accident.

Comprehensive pays to repair/replace damage for things such as flood or fire damage, theft, vandalism, and animal collisions. Drivers typically combine comprehensive insurance with collision coverage and thus have a fuller protective umbrella.

No one is legally required to obtain comprehensive insurance but if you drive a new/mint condition vehicle or leased/financed vehicle, then it is definitely a wise investment. While a state won't require it, sometimes your bank or lien holder will. Nevertheless, when trying to decide, it is best weigh the actual value of your vehicle versus how much it's going to cost to insure.

Fire and Theft Insurance

Fire and theft insurance is usually part of a comprehensive policy.

Other than protecting a driver from theft and fire-related losses, comprehensive coverage also extends to floods, earthquakes, vandals, lightning damage, and more. Fire and theft protection, as part of a comprehensive policy, is the most expensive auto insurance you can buy but it affords you the most protection for your vehicle.

One of the best ways to save money on your premiums is to have a higher deductible; the higher the deductible, the lower the premium. Remember though, each time your initiate a claim, you will have to pay your deductible so if you incur $1200 worth of damage to your vehicle and your deductible is $1000, your insurance will only be responsible for $200.

Another good way to protect your vehicle(s) and lower premiums is to have any number of anti-theft devices such as an alarm or window etchings.