What You Need to Know About Collision and Comprehensive Coverage Deductibles

If you are looking for information on collision and comprehensive coverage deductibles, you have come to the right place. At Insurance Factory of Sunrise, we understand the importance of having the right coverage and the right deductible for your needs. Here is what you need to know about collision and comprehensive coverage deductibles.

Collision coverage is an optional type of auto insurance coverage that helps pay to repair or replace your vehicle if it is damaged in an accident with another vehicle or object, such as a fence or a tree. Collision coverage typically comes with a deductible, which is the amount of money you must pay out-of-pocket before your insurance company will pay for the remaining damages. The higher the deductible you choose, the lower your premium will be.

Comprehensive coverage is another optional type of auto insurance coverage that helps pay for damage to your vehicle caused by something other than a collision, such as theft, vandalism, fire, hail, or falling objects. Like collision coverage, comprehensive coverage also comes with a deductible. The higher the deductible you choose, the lower your premium will be.

When deciding on a deductible for your collision and comprehensive coverage, it is important to consider your financial situation. If you have the funds available to pay a higher deductible, it may be a good option to help you save on your premium. However, if you don’t have the funds available to pay a higher deductible, it may be best to choose a lower deductible to help protect you financially in the event of an accident.

At Insurance Factory of Sunrise, we understand the importance of having the right coverage and the right deductible for your needs. Our experienced agents are here to help you find the best coverage for your situation. Contact us today to learn more about collision and comprehensive coverage deductibles and to get a free quote.