Comprehensive insurance costs an average of $162 per year. The cost of comprehensive coverage varies based a few factors including the amount of the policy’s deductible, the actual cash value (ACV) of the car, and the driver’s location.
Since comprehensive insurance pays to repair or replace your car if it’s damaged by something other than an accident, more valuable vehicles cost more to insure. Likewise, if your policy has a low deductible, your premium will be higher compared to a policy with a larger deductible.
In addition to the deductible and ACV, the cost of comprehensive coverage can vary based on the driver’s profile, such as age, profession and location. For example, if you live in an area that is prone to certain natural disasters, comprehensive insurance may cost more because you are statistically more likely to file a claim.
Finally, the cost of comprehensive coverage varies by insurance company, too, so you should always get quotes from multiple insurers in order to find the best price.
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