Purchasing auto insurance can seem confusing, even if you've owned a car for years. How much coverage do you need? What types of perils should you protect yourself against? You do have numerous options. For example, you may be required under law to carry uninsured or underinsured liability coverage and minimal liability insurance. However, these minimum requirements do not protect your investment in the vehicle itself. For that, there are numerous other coverage options. The one that’s right for you depends on the amount of risk present. One very common choice is comprehensive auto insurance.

What is Comprehensive Auto Insurance?

Collision coverage provides protection from instances in which your vehicle collides with another car or object. Medical payments coverage adds protection to cover reasonable medical expenses for people in your car during a covered event. But, comprehensive coverage goes further. This type of auto insurance policy offers coverage for the following types of perils:

• Fires

• Wind damage

• Hail damage

• Flood damage

• Vandalism

• Theft

• Damage from hitting an animal

You may not be in your car, but events such as hail or fire can cause anything from a few cosmetic problems to a total loss. This type of insurance can afford enough coverage to protect against these risks. Keep in mind that this insurance only covers an insured vehicle. It does not provide coverage for collisions or vehicle rollover instances.

How Much Coverage Do You Need?

The amount of car insurance you should purchase depends on the value of your car and the likelihood of risks. However, you'll want to ensure the policy you choose can help to replace or repair your car in the event of a total loss. Also, keep in mind that the deductible should be affordable to you, but as high as possible to reduce your actual premium costs. It's important to invest in this coverage if your car is valuable and if you have a loan on it. Your lender might even require it.

Comprehensive auto insurance is nearly always a good investment when you have a vehicle that has significant worth. Defraying these costs can help to ensure you have the means to get a new car if yours is stolen or totaled due to a covered incident.

Are you protected against a variety of risks? Call The Insurance Pad, LLC at (216) 464-3333 for more information on auto insurance.