3 Reasons You Need Comprehensive Auto Insurance Coverage

Comprehensive auto insurance coverage is not mandatory in the U.S., but it is a good type of coverage to have for many situations. If you are trying to cut back on your auto insurance premiums and are considering eliminating your comprehensive coverage, you may want to think twice for the following three reasons.

You have a loan on the car

If you have a loan on your vehicle right now, your lender might require you to have comprehensive coverage. This is a common requirement from car lenders, and it is designed to reduce their risks. If you totaled your car from hitting a deer and did not have coverage, you would ultimately be responsible to pay off the rest of the loan, but you would not have the car anymore. This can be risky, which is why your lender will most likely require this. If you are not sure if your lender requires this, call them and ask so you can make sure you have the right coverage on your car.

You park outside

Parking a car outside can be risky for many reasons, which is why you should consider having comprehensive coverage if you do not park in a garage all the time. The first risk you have with parking outside is the chance of a tree falling and damaging your car. You also take the risk of hail hitting your parked car, leaving it with damage. It's also easier for intruders to break into cars that are parked outside. If this happens, they may steal things from your car and cause damage to it.

You live in a rural area

Living in the country offers a lot of benefits, including the ability to see deer and other types of wildlife; however, these animals pose risks to your car. Comprehensive coverage is the type of insurance coverage that protects you against theft, storm damage, and accidents with wild animals. If you hit a deer while you are driving, it will be your comprehensive coverage that compensates you for the damage caused by the deer striking your car. Without this coverage, you would have to pay for the repairs out of your pocket.

Having comprehensive coverage is a great idea for most people, especially for these three reasons. If you currently do not have this type of coverage and want to add it to your policy, contact an auto insurance company today.