In this situation, there's really only one advantage to uninsured motorist property damage coverage: It generally has a lower
deductible than collision coverage.
A deductible still applies, however, it is often a lower
deductible than collision but it depends on how you set up your car insurance policy.
Not exact matches
It may be less
than your insurance
collision deductible.
A low comprehensive
deductible tends to be less expensive
than a low
collision deductible.
Likewise, if your car is worth less
than $ 3,000, your
collision and comprehensive premiums — plus their
deductibles — will often exceed the coverage they would provide if something eventually happens to your car.
If your ride is equipped with an approved stolen vehicle recovery system, you will receive a $ 500
deductible waiver on Other
Than Collision in the event of a covered theft loss.
Comprehensive: Pays for damage to your car (less your
deductible) caused by something other
than a
collision, such as fire, vandalism or a falling tree.
Because a
collision is the type of mishap most likely to happen, you stand to save more by increasing your
collision deductible than by upping your comprehensive
deductible, Passmore says.
The Standard Policy from CURE allows you to customize different levels of limits and
deductibles on Bodily Injury Liability, Personal Injury Protection, Physical Damage Coverages,
Collision or Comprehensive (Other - than - collision) Coverage, Towing & Labor Coverage, Extended Transportation Covera
Collision or Comprehensive (Other -
than -
collision) Coverage, Towing & Labor Coverage, Extended Transportation Covera
collision) Coverage, Towing & Labor Coverage, Extended Transportation Coverage, etc..
Keep in mind that raising your
collision deductible will likely save you more money
than simply raising your comprehensive
deductible.
If your car's replacement value is less
than 3X the combined total of your insurance
deductible and annual premium (
collision component only) then you should really consider dropping
collision insurance on your automobile.
Very often, a lower
deductible for UMPD is cheaper
than collision coverage with the same low
deductible.
Collision and comprehensive (other than collision) coverage usually includes a deductible, which can range from $ 100 to
Collision and comprehensive (other
than collision) coverage usually includes a deductible, which can range from $ 100 to
collision) coverage usually includes a
deductible, which can range from $ 100 to $ 1,000.
His
collision premium would be $ 178 lower, and by staying accident - free just 3 years, his savings would add up to $ 534, which would hypothetically more
than cover the $ 400 increase in risk from his physical damage
deductible, all else equal.
If your ride is equipped with an approved stolen vehicle recovery system, you will receive a $ 500
deductible waiver on Other
Than Collision in the event of a covered theft loss.
Comprehensive coverage protects you if your car is damaged by something other
than a
collision, such as fire, vandalism, hail or flood; we pay for repairs (after you pay the
deductible).
If your annual comp and
collision premiums plus
deductible add up to more
than the value of your car.
If the projected repairs cost significantly more
than your
collision policy's
deductible, file a claim.
According to the Insurance Information Institute, raising a
deductible from $ 200 to $ 1,000 can cut the cost of comprehensive /
collision coverage by more
than 40 percent.
Thus, some insurers will waive the
deductible on comprehensive or
collision coverage (whichever applies), when broken glass is repaired rather
than replaced.
Comprehensive insurance coverage covers damage to your vehicle caused by anything other
than a
collision minus your
deductible amount.
«I doubled my car insurance coverage and added
collision ($ 500
deductible) all for less
than half of what [another company] was charging me.
If you hit a deer and have comprehensive auto insurance, this will be covered under a separate
deductible than what your
collision insurance provides.
AAA insurance cost estimates are based on a full coverage policy for a driver who is under 65 years of age, has more
than six years of driving experience, no accidents and lives in a suburban / urban location for a policy with $ 100,000 / $ 300,000 personal liability, $ 25,000 medical, $ 100,000 property and $ 25,000 / $ 50,000 uninsured / underinsured motorist coverage, with a $ 500
deductible for
collision and comprehensive claims.
If you have
collision or comprehensive coverage, raising your
deductible can lower your premium rates more
than you might think possible.
Insurance.com analyzed more
than 550,000 car insurance quotes provided to users from Jan. 1, 2013, to July 14, 2014, to identify the most popular coverage choices regarding liability limits and
collision and comprehensive
deductibles.
If your auto has an Original Cost New of greater
than $ 30,000, your comprehensive coverage
deductible will be $ 1,000, $ 2,500, or $ 5,000 and your
collision deductible will be $ 500, $ 1,000, $ 2,500, or $ 5,000 depending on the coverage you choose.
It is generally recommended that car insurance policy holders avoid filing claims for damages that are less
than the
deductibles (amount you pay out of pocket before your insurance company will pay for any damages) on their
collision and comprehensive policies.