What Is Comprehensive Coverage on Auto Insurance?

If you are getting a loan or leasing a car, your lender may require that you have comprehensive coverage on your insurance policy. However, it is not mandatory. You can decide whether it is worth the extra expense on your own. It also depends on your financial situation. If you can’t afford to repair your car yourself, comprehensive coverage might be your best bet. auto insurance massachusetts quotes

Comprehensive coverage may not be necessary for every driver, but it is wise to have it. It will protect your assets if you are in an accident. This insurance will cover repair and replacement costs if your car is totaled. Without this coverage, you’d be responsible for paying the full replacement cost of your car.

Comprehensive coverage is recommended for high-value vehicles, as it protects you in case of theft and weather-related disasters. If you’re not sure whether you need comprehensive coverage, you can estimate its value online. You can also contact your state farm agent to see what it costs. However, make sure to check your state’s laws for requirements about vehicle coverage.

Comprehensive auto insurance coverage provides protection up to the actual cash value of your car, minus your deductible. However, it is important to remember that comprehensive insurance does not replace collision coverage. In fact, you’ll probably need to get collision insurance as well if you want to get a good value for your car.