When looking for car insurance, you may have encountered the term “comprehensive insurance” one time too many. You probably already know what it is. In car insurance, there is liability insurance, comprehensive insurance, and full coverage. Full coverage is naturally more costly than either of the previous two mentioned. Full coverage includes, comprehensive insurance, and the latter is what makes it more costly.
Comprehensive insurance is the type of insurance that covers basically most of the things you would really want to be covered. Manmade damages to your car, such as vandalism, for instance, is covered by comprehensive or non-collision insurance. Theft, which isn’t really a “damage” per se, is also covered by non-collision insurance.
There are a lot more factors that make comprehensive insurance expensive, but just from the looks of what it covers as mentioned above, you can pretty much get the gist of why it is expensive. Collision insurance, which covers collisions with other cars or an electric post, can be prevented if you drive carefully. These are more of an accidental nature rather than a forced one.
This type of insurance, on the other hand deals with “damages” due to scenarios that you have little to no control of. Just look at theft. How expensive it would be to replace your car if it was stolen? Sure, repairs are expensive, but the expenses of repairing a dent in your car are cheap change compared to the expenses of replacing the whole darn thing.
This insurance also covers damages brought about by wraths of nature, such as fires, earthquakes, hailstorms, getting hit by lightning, floods, and whatever natural catastrophe you can think of. Unlike accidents which you can prevent by taking it easy on the road, these scenarios covered by comprehensive insurance are something you can’t really prepare for.
There are ways, however, of making this insurance cost a little cheaper. For instance, if your neighborhood is known for riots and whatnot, you can simply park your car in a garage. It’s a small thing, but can give you big drops in insurance bills.
So do you need comprehensive car insurance? Yes you do. However, getting comprehensive insurance isn’t mandatory. You can just go for a liability insurance to drive your car legally, and save up in the future for getting comprehensive insurance. Don’t take my word for it, though. Look online and you may find comprehensive insurance quotes that you can afford.