here we take a look at what comprehensive car insurance is.
Comprehensive auto insurance (also known simply as comprehensive auto insurance) covers damage to your vehicle, even if the accident is your fault. You can also compensate other drivers for any damage caused to their property, as well as compensation for injuries to yourself and others, where applicable.
It will also cover damage to your vehicle caused by fire, as well as theft.
Compared to other types of auto insurance policies, it offers the highest level of protection, but always compare individual policies to find a level of coverage you’re comfortable with.
Besides comprehensive car insurance, the other main types of car insurance are:
While individual policies will vary, many comprehensive auto insurance policies will include coverage for:
Some policies may also include the following extras, or you can add them for a fee:
Because policies can vary, pay close attention to the terms and conditions to make sure the items that are important to you are included to avoid surprises should you need to make a claim.
While comprehensive auto insurance will offer you a high level of protection, there will still be exclusions. Some common ones to watch out for include:
You also need to answer honestly what you use your car for (leisure and commuting or business) to make sure you have the right level of coverage.
According to the Association of British Insurers (ABI), the average price paid for comprehensive motor insurance in 2020 was £465, down 1% from the price in 2019 and at its lowest level since 2016.
However, the premium you’ll be quoted for comprehensive auto insurance will depend on a number of factors including your age, what car you own, your annual mileage, any driving convictions, where you live, where you park for the night and your claim history.
And while you might assume that comprehensive auto insurance will be the most expensive type of insurance, since it offers more protection, this may not be the case for many drivers, and it may actually cost less (because drivers risky always used to get fat for third-party coverage, and insurers responded by making it more expensive).
Then, it’s worth comparing all of your options so you feel comfortable with the level of coverage you’ve chosen.
The type of vehicle you have can affect the price quoted for comprehensive auto insurance, as cars with smaller engines generally cost less to insure.
Regardless of what vehicle you have, you could also potentially lower your premium by adding security measures like an immobilizer or parking your vehicle in a safer place overnight, like in a garage or on a driveway.
The amount of time you drive can also affect what you pay for your car insurance, so consider lowering your annual mileage by taking steps like carpooling.
If you are considered a high-risk proposition, for example if you are a new or younger driver, you may want to consider a black box insurance policy (also known as telematics insurance).
This is where a device is installed in your car to monitor your driving, and drivers who are deemed safe are rewarded with lower premiums.
If you agree to a higher excess (this is the amount you’ll have to pay for a claim), the premium you’re quoted for a policy may also be reduced.
With car insurance, there is usually a voluntary excess that you agree to, as well as a mandatory excess set by your insurer. however, think carefully before agreeing to a high excess, because if you can’t afford it in the event of a claim, it’s a false economy.
Paying your premium annually instead of monthly is often a cheaper option overall, as you may be charged interest to pay monthly.