There are two common types of auto insurance that can protect you if your vehicle is damaged. Collision insurance protects your vehicle in case of a collision with another object or vehicle. Comprehensive insurance protects your vehicle from a wide range of factors, such as theft and natural disasters. Roughly four out of five drivers choose to buy these coverages, and without them, you might not be completely covered in case of an accident. 

What is Collision Coverage? 

Collision coverage pays for damage to your car resulting in a collision with another object, such as a tree, telephone pole or guardrail. It also insures your car against collisions with other vehicles and damage caused by potholes. Some of the scenarios where you might have coverage include: 

• If your car hits an object, such as a tree, telephone pole, or guard rail 
• If your car hits another vehicle 
• If your car rolls over
• If your car is damaged by a pothole or crack in the road 

If a covered accident does occur, then collision coverage will reimburse you the cost of repairing your vehicle minus the deductible. If you total your car, then your plan will likely pay based on the vehicle’s actual cash value, which is its used value at the time of the loss. 

What is Comprehensive coverage? 

Comprehensive coverage covers damage to your car caused by hazards other than collisions. These might include natural disasters such as fires, floods, earthquakes, hurricanes and even volcanic eruptions. It also covers damage caused by animals, such as a collision with a deer.  

Acts of riots and vandalism are also covered by comprehensive insurance. These might include theft of your car, theft of parts and damage such as slashed tires or smashed windscreens. 

Common auto claims include: 

• If an object falls on your car, such as a tree branch, ice or projectiles 
• If your car hits an animal 
• Damage from natural disasters such as floods, tornados, hurricanes and earthquakes 
• If your car is damaged by fire 
• If your care is damaged during a riot or act of vandalism 
• If your car is stolen or car parts or stolen, such as the wheels, radio, or airbags
• If your windshield is broken 

Is Collision or Comprehensive Insurance right for me? 

You might be wondering if these additional coverage options are right for you. There are some key factors you should keep in mind when determining whether you need them:  

• The value of your car: If you have a new or high-value car, then uninsured damage could cost you a lot. These coverage options could save you from having to pay out of pocket for repairs or a new car. 
• Risk of accidents: Consider how often you drive. Is it mostly on safe, well-maintained roads? Do you drive through any areas that are known to have higher than average reports of vehicle damage? Don’t forget that your car could even get damaged in your own driveway, too. 
• Your savings: Would your savings allow you to cover the cost of an accident without insurance? If your car was stolen or damaged, would you be able to replace it? If not, then you might need physical damage coverage.