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What is collision vs. comprehensive insurance?

Collision insurance covers damage to your vehicle regardless of fault, but comprehensive insurance covers damage to your vehicle that doesn't involve a collision.

Are you trying to decide between collision insurance and comprehensive insurance? Many factors go into whether affordable collision vs. comprehensive insurance is available to you.

Read through this article to get more information on collision vs. comprehensive insurance, which auto insurance coverage is cheapest, and why they’re required for specific drivers.

After you finish reading our collision vs. comprehensive insurance article, enter your ZIP code in the free comparison tool above to compare multiple companies in your area.

What’s the difference between collision and comprehensive car insurance?

Collision auto insurance provides coverage for an accident, regardless of fault.

For example, a car insurance company pays for damage to a customer’s vehicle if it collides with another vehicle (parked or while driving). However, the customer must pay a deductible before the auto insurance company covers any damage.

Comprehensive auto insurance covers damage from accidents that don’t involve a collision.

In other words, your car insurance company pays for damage through comprehensive coverage when your vehicle is damaged by a natural disaster, theft, civil unrest, falling objects, vandalism, and damage from animals.

Comprehensive car insurance also has a deductible you’ll need to pay before the company pays for anything.

Are collision and comprehensive car insurance required?

It depends. Drivers who finance their vehicle don’t get to decide whether to buy collision or comprehensive insurance. Auto loan lenders require borrowers to get collision car insurance and comprehensive car insurance.

If your car insurance policy has insufficient coverage, your lender will enroll your vehicle into forced place insurance. This will ensure that the car is covered if it’s in a total loss accident.

But why wait for the lender? You can buy GAP insurance. GAP insurance insures the cost of the vehicle and the total balance of your car loan.

Why should I buy collision or comprehensive car insurance?

Collision insurance coverage helps cover damage to your car even if you’re at fault. Liability insurance won’t cover damage to your vehicle or your medical bills from an accident where you’re at fault.

Is comprehensive insurance worth it? The answer is yes. Although comprehensive damage occurs less often, it’s essential to have for incidents that you can’t control.

If you happen to live in an area that’s known for natural disasters, you should definitely add comprehensive insurance coverage to your policy.

But how much do collision coverage and comprehensive coverage cost? Continue reading to compare comprehensive vs. collision insurance.

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Comparing Collision vs. Comprehensive Car Insurance Rates

Collision and comprehensive auto insurance rates vary for each state. Each year, the National Association of Insurance Commissioners (NAIC) gathers information about the cost of different car insurance coverages for every state.

Here’s a look at the latest monthly collision and comprehensive rates.

Average Monthly Collision and Comprehensive Car Insurance Rates

StatesAverage Monthly Collision RatesAverage Monthly Comprehensive Rates
Alabama$28$14
Alaska$31$12
Arizona$25$16
Arkansas$29$17
California$36$8
Colorado$25$17
Connecticut$32$11
Delaware$28$11
District of Columbia$41$19
Florida$26$11
Georgia$30$14
Hawaii$27$9
Idaho$20$10
Illinois$27$11
Indiana$22$11
Iowa$19$16
Kansas$23$21
Kentucky$24$12
Louisiana$37$19
Maine$23$9
Maryland$31$13
Massachusetts$34$12
Michigan$37$13
Minnesota$20$16
Mississippi$29$18
Missouri$24$16
Montana$23$21
Nebraska$21$20
Nevada$27$10
New Hampshire$26$9
New Jersey$33$11
New Mexico$24$15
New York$34$15
North Carolina$26$11
North Dakota$22$20
Ohio$24$10
Oklahoma$27$20
Oregon$20$8
Pennsylvania$29$13
Rhode Island$36$11
South Carolina$24$16
South Dakota$19$24
Tennessee$27$13
Texas$33$19
Utah$23$10
Vermont$26$11
Virginia$25$12
Washington$24$9
West Virginia$28$18
Wisconsin$20$12
Wyoming$24$23
Countrywide$29$13
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These averages vary for each person. That’s because many factors determine collision and comprehensive coverage rates. Some of the most significant factors are driving history, age, location, coverage level, and deductibles.

Deductibles are required before the auto insurance company provides any compensation to get your car fixed. The higher your deductible, the cheaper your car insurance rates.

Which car insurance companies provide the best collision and comprehensive insurance?

To secure cheap car insurance rates, you should compare collision and comprehensive insurance quotes from different companies.

When you compare quotes, you can shop for the best possible rates while getting the coverage you need. If you’re not sure where to look, you should start with the best car insurance companies. Here’s a list of the top companies in the United States.

  • Allstate
  • American Family
  • Farmers
  • GEICO
  • Liberty Mutual
  • Progressive
  • Nationwide
  • State Farm
  • Travelers
  • USAA

Why these companies? The auto insurance companies on the list have the highest market share in the auto insurance industry. However, it won’t hurt to look at smaller companies such as The General, Safeco, or Esurance.

Collision vs. Comprehensive Car Insurance: What’s the bottom line?

Collision and comprehensive auto insurance are property damage coverage options. Comprehensive and collision insurance add to the cost of your overall insurance bill, but they put the brakes on out-of-pocket expenses.

Now that you know the difference between collision vs. comprehensive insurance, use our free online quote tool below to compare multiple companies near you.

References:

  1. https://www.naic.org/prod_serv_alpha_listing.htm

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