Ads
related to: deductible comprehensive vs collision'
Search results
Results From The WOW.Com Content Network
You carry collision coverage on your vehicle with a $500 deductible. Since the deductible is your responsibility, your insurance company would pay $700 towards the repairs. Comprehensive (COMP or OTC)
Your deductible: Both collision and comprehensive coverage have a deductible, which is the amount you’ll pay out of pocket if you file a claim for those coverage types. A higher deductible will ...
Comprehensive coverage: This type of insurance is designed to protect your vehicle from non-collision events, such as theft, vandalism or natural disasters. For instance, if your car is damaged ...
Comprehensive coverage, also known as other-than-collision coverage, is subject to a deductible and covers cars damaged by incidents that are not considered collisions. For example, fire, theft (or attempted theft), vandalism, damage from weather such as wind or hail, or impacts with non-human animals are types of comprehensive losses.
If you have a $500 deductible and your comprehensive and collision costs $700 annually, full coverage could be worth keeping.: [$8,000 $500] > [$700 ️10] $7,500 > $7,000
Comprehensive coverage, however, is usually cheaper than collision and is just a small portion of that total premium. How much comprehensive coverage is in additional premium depends on your ...