Often times consumers misunderstand what exactly comprehensive car insurance covers. This type of policy is often sold in combination with collision coverage but both protect against very different losses that can occur. These policies are often referred to as protection for anything “other than collision”. The most common perils that are are protected under this coverage are damages resulting from fire, theft, vandalism, earthquakes, falling or flying objects, hail, sandstorms, windstorms, broken windows and windshields and striking an animal. Upon suffering a loss from one of these perils the insured will then have to pay the deductible that they have chosen upon purchase to receive compensation from their insurer.

Although these are commonly covered, one should make sure what exactly is protected before purchasing since some perils may be included and some may not. One of the most common misunderstandings that the average consumer has regarding these policies is that they are under the impression that some items are covered which are not. In most cases, aftermarket items are not protected against loss. An example would be things such as radios, speakers, tape and compact disc players, telephones, televisions, DVD players, CDs, DVDs, etc. In addition, customizations made to vehicles such as murals, decals, rims, graphics or body kits may not be included. Be sure that if one’s automobile has any additions after purchase, they should address this with their carrier to be aware if it is covered or not.

The Cost of Comprehensive Auto Insurance

There are many factors that play a role in what one can expect to pay for comprehensive coverage on their vehicle. The main factor would be the automobile to be insured. For example, the more expensive the automotive, the higher the premium. If one owns a luxury car, the repair or replacement cost are a lot higher than that of a more economical automobile. Luxury cars have more expensive parts and may take longer to repair in order to return it to factory specifications.

Another major factor is the residence of the insured. If an individual resides in an area that has a high crime rate it may raise their premiums. This is because their vehicle can be more susceptible to theft and vandalism and raises the risks of a loss. This also applies to those who live in an area where weather is a major cause of losses. If a certain geographic area has incurred many losses due to storms or hail this can affect what a person will pay for a policy.

According to the Utah Insurance Department raising deductibles can help lower premiums. One should be aware that this is what would be needed to be paid in the event that they file a claim. Individuals should make sure that they can afford to pay the amount of the deductible that they have chosen if an incident were to occur.