The world of automotive insurance can be quite confusing, and many drivers wonder about the difference between comprehensive and collision insurance. Both are optional coverages, but each protects against different types of damage. Do you need comprehensive or collision insurance? Learn more about the nuances of each option so that you can make a more informed decision in Beverly Hills. What is Collision Insurance?
So, what is collision insurance? Collision coverage protects againsts accidents involving other vehicles as well as stationary objects. So, if you collide with another vehicle or happen to hit a pole or guardrail in downtown LA, you’ll be covered. Collision insurance is not required by law, but it may be required by your lender.
What is Comprehensive Insurance?
What is the difference between comprehensive vs. collision insurance? This type of coverage takes care of unexpected damage that is outside of your control. For example, if a branch falls on your vehicle during a storm in Inglewood, you are protected by comprehensive coverage. Once again, this type of coverage is not required by law in any state, but you may need to have it depending on your lender.
Factors to Keep in Mind When Choosing Coverage
Trying to decide if you need comprehensive or collision insurance? There are a few factors to consider to help you decide if comprehensive and collision insurance is right for you.
- The value of your vehicle – The more valuable your vehicle is, the more expensive it is to repair or replace.
- Your risk of involvement in an accident – Do you drive in a high-traffic area?
- Where you live – Some areas have an increased risk of damage from weather, animals, etc.
- Your financial situation – Would you be able to pay out of pocket for vehicle repairs if needed?
Contact Eli’s Collision Repair for More Information
Do you still have questions about comprehensive vs. collision insurance? Reach out to us for details. If your vehicle is in need of repairs after a collision, we invite you to set up a time for an evaluation and estimate at one of our locations.