The Benefits of Comprehensive Car Insurance
Comprehensive car insurance is the most complete form of car insurance coverage available. It provides protection against theft, hijacking, accidents, and other unexpected events.
While it is typically more expensive than other forms of car insurance, such as Limited (fire, theft and hijacking), and Third party only cover - the benefits of comprehensive car insurance far outweigh the cost.
1. Streamlined repairs. One of the key benefits of comprehensive car insurance is that it covers damage to your own vehicle as well as damage to other vehicles and property. This means that if you are involved in an accident, your insurance will cover the cost of repairs to your vehicle, as well as any other vehicles or property that may have been damaged in the accident, for which you are legally liable.
2. Protection for theft and hijacking. Comprehensive car insurance also provides protection against theft and hijacking. In the event that your vehicle is stolen or hijacked, your insurance will cover the cost of replacing your vehicle.
3. Added confidence. Finally, comprehensive car insurance provides peace of mind. Knowing that you are fully covered in the event of an accident or other unexpected event can help to reduce the financial and emotional stress that comes with these situations.
4. Vehicle financing. If your vehicle is still financed by a bank, comprehensive cover is an obligation.
What to Look Out For When Comparing Car Insurance Quotes
When comparing car insurance quotes, it is important to look beyond the cost of the policy. While affordability is certainly an important factor to consider, it should not be the only factor. Here are some other things to look out for when comparing car insurance quotes:
1. Coverage Limits: Make sure that the policy you are considering provides adequate coverage for your needs. Check the coverage limits for things like vehicle sum insured, liability, collision, and comprehensive coverage.
2. Excess: Check the excess amount, which is the amount you will have to pay out of your own pocket before the insurance company pays out. A higher voluntary excess can mean lower premiums, but it also means you'll have to pay more if you make a claim.
3. Premiums: Compare the premiums from different insurance companies to find the most affordable option. Keep in mind that cheaper premiums may mean less coverage or higher excess amounts.
4. Discounts: Many car insurance companies offer discounts for things like safe driving, mileage limit-based pricing, and bundling policies. Make sure to ask about any available discounts when comparing car insurance quotes.
5. Reputation: Research the reputation of the insurance company to ensure they have a good track record of paying out claims and providing excellent customer service.