Whats the Difference Between Collision and Comprehensive Automotive Insurance?
Liability insurance, which covers the cost to repair damages caused by you, is usually your state’s minimum automotive insurance requirement; however, if you are still making payments on your vehicle, your financer may require you to purchase additional automotive insurance coverage until you own the vehicle. There are many different kinds of additional automotive insurance, and collision automotive insurance and comprehensive automotive insurance are probably the most popular kinds of additional automotive insurance. But what is the difference between collision automotive insurance and comprehensive automotive insurance? Don’t they both cover everything? No. Collision automotive insurance and comprehensive automotive insurance are actually quite different. Collision automotive insurance is automotive insurance that will cover the cost to repair damages to your vehicle that result in an accident caused by you. If repairs to your vehicle cost more than the value of your vehicle, the aut