Comprehensive insurance covers events different than collisions. For this policy, these are the most important factors:
- The area where the policyholder lives. Insurance companies are interested to know where exactly the driver lives. The company will check the frequency of extreme weather phenomena. Other factors like the number of riots, vandalized cars or stolen vehicles are also analyzed.
- The value of the car. Naturally, the car’s worth will influence the insurance costs. This policy is recommended for new, valuable cars. Dropping coverage or older cars is something usual and quite recommended, considering the costs to keep this policy active.
- Tracking devices. Since this policy also covers theft, adding tracking devices will lower the costs. It may be a long-term investment, but the premiums will be lowered after installing the devices.
- Deductibles. Just like collision car insurance, comprehensive coverage is also subject to deductibles. The insurance company will not intervene unless the driver pays the deductible mentioned in the contract. A high deductible will make the insurance cheaper.
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