Difference Between Comprehensive And Collision Coverage
Reader’s Question:
What is the difference between collision and comprehensive coverage? Will they have the same auto insurance premiums Oklahoma?
Caroline
East Canadian Oklahoma OK
They will not have the same auto insurance premiums, Caroline, this will never happen – not in East Canadian Oklahoma and not anywhere else. Collision coverage is just a component of comprehensive coverage. You can have collision coverage as a stand-alone, but you can not have comprehensive coverage without collision coverage because it is already built in the policy. Collision pays for the damages to yourself and to your car resulting form a crash, and does not take into account who has initiated the crash. Whether it was you or the other driver, collision coverage will still pay for the expenses. This is usually an add-one to the mandatory liability insurance which is like collision coverage, but only pays for the damages to the offended party and property. Comprehensive insurance includes these two coverage and more. Say your car was stolen while you were shopping around East Canadian Oklahoma. You can not claim reimbursement for this through liability or collision coverage because there was no collision. Only comprehensive coverage can pay for stolen cars and so it is really ideal to have this type of coverage. By logic, comprehensive insurance will always have higher premiums than collision coverage. You can see how much these things cost from this page by just entering your zip code on the space at the top.
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