What’s the difference between Comprehensive and Collision? On your auto insurance policy, if you insure the value of your vehicle with a deductible, it’s in two parts, comprehensive and collision. Caleb talks about the difference in the video here. Below we will talk about the difference between the coverages and why it is important for you know.
Comprehensive coverage pays to repair or replace a covered vehicle that’s stolen or damaged by something other than collision or rolling over. Comprehensive coverage is going to be a list of things that could happen, hit a deer, hail damage, theft, vandalism, things like that. Check your policy. There’s a full list there. If you can’t find that information on your policy you can always contact your agent for help to get a compete list.
Collision coverage covers damage to your own vehicle due to a collision with another car or object. So basically everything else will fall under the collision deductible. Again you are going to want to always refer to your policy for exact details.
Why Do I Need to Know the Difference?
It’s very important to know the differences because how insurance companies rate going forward on your insurance policy can be hugely effected by this. So things that fall under the comprehensive are going to have less of an impact on your future rates than a collision, because on any collision claim, most carriers are going to classify that broadly as an at fault accident. You are more likely to see rate increases in the future from at fault accidents than you are with not at fault accidents. Most times it is very clear whether an accident or claim are at fault or not at fault, but sometimes this can be hard to know. Checking in with your agent throughout the claim process can help you make the most informed decision moving forward.