WalletHub, Financial Company
Comprehensive insurance is coverage that helps pay for the cost of damage to your vehicle when you're involved in an accident not caused by a collision. Comprehensive car insurance covers losses from things like theft, vandalism or extreme weather events.
Comprehensive coverage is never required by state law, but it is usually needed for cars that are leased or financed.
What Comprehensive Insurance Covers
- Damage from falling objects
- Flood damage
- Fire damage
- Damage from animals
- Damage from natural disasters
- Glass damage, such as a cracked windshield
Why You Should Get Comprehensive Insurance
You should consider buying comprehensive coverage if you cannot afford to pay out of pocket to repair or replace your car in a worst-case scenario. Comprehensive insurance is usually considered to be a good investment since it’s cheaper than other types of car insurance and covers events that are out of your control as a driver. A good rule of thumb is that if the cost of comprehensive insurance exceeds 10% of your vehicle’s value, you can consider dropping it.
To learn more, check out WalletHub’s guide to comprehensive insurance.
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