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Personal Business. Resources Auto insurance. Enter your 5 or 9 digit ZIP Code. Allstate auto insurance can help you stay protected for wherever the road takes you.
Damage to your car from a collision Damage to another person's vehicle from a collision Your or your passengers' medical expenses after an accident.
When you purchase comprehensive coverage, you will select a set deductible , which is the amount you pay out of pocket toward a covered claim.
Comprehensive coverage has a limit , or the maximum amount your policy will pay toward a covered claim. The limit on comprehensive coverage is typically the actual cash value of your vehicle. If your car is stolen, for example, your insurance company would reimburse you for your car's depreciated value, minus your deductible. In other words, if you wanted to replace your stolen vehicle with a newer make and model, you would likely have to use some of your own money to do so, in addition to using the reimbursement from your insurer.
Keep in mind that the comprehensive deductible and limit are separate from your policy's collision deductible and limit. Choosing a higher comprehensive deductible generally means your premiums will be lower, which can save money upfront.
However, you may have to pay more out of pocket toward a covered claim. Likewise, choosing a lower comprehensive deductible means the amount you pay for coverage will increase. Your agent can help you determine what deductible and limits fit your needs. Collision coverage helps pay to repair your car if it's damaged in a collision with another vehicle or object, such as a fence. Generally, collision coverage comes into play because a driver gets into a car accident.
Comprehensive is a separate coverage from collision. It helps cover different types of losses that are usually not the result of driving the vehicle, such as theft , hail or fallen trees. Comprehensive Insurance vs. Collision Insurance. If you're wondering whether you should buy comprehensive coverage, here are a few considerations:.
Have questions about comprehensive coverage? Talk to a local agent. What Is "Full Coverage? Retrieve a saved quote. Skip to main content Explore Allstate. Popular Searches. It wouldn't matter who was at-fault for the accident — with collision coverage, you'd be covered for the most part 1.
Specific benefits vary from province-to-province, but the overall benefit of having collision coverage is that there would be no out-of-pocket expenses 2 , except for the deductible and perhaps, a rental car. Deductible : What you have to pay out-of-pocket first, before TD Insurance picks up the rest.
TD Insurance Advisors will work with you to help you determine the right deductible when you purchase your insurance policy. If you finance or lease a vehicle, then it is mandatory to have collision coverage. However, if you own your car then you have the option of removing it. When considering if you should choose collision coverage or not, take these three factors into account:. Even if you are not at-fault, without collision coverage, you would not be covered!
Yes — if you don't have collision coverage and you're not at-fault for an accident , damages to your vehicle would still be covered 3. In cases where there is a hit-and-run, you would be covered under the collision coverage portion of your insurance — if you had collision coverage.
In the first event, you couldn't control when or why a tree fell on your car. This kind of accident would get reimbursed under your comprehensive policy. In the second situation, you were driving the car and ultimately swerved into the guardrail.
This makes it a collision, and collision insurance pays for the damages. Car Insurance. Your Privacy Rights. To change or withdraw your consent choices for Investopedia. At any time, you can update your settings through the "EU Privacy" link at the bottom of any page.
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