A Guide to Comprehensive Car Insurance: Why You Need It Now

Car accidents happen, and they can be expensive. That’s why car insurance is mandatory in Canada. But while basic coverage is required, it may be insufficient to protect you from all the potential risks of driving.¬†

That’s where comprehensive car insurance comes in. This article will discuss in greater detail what comprehensive car insurance is, what it covers, and why you need it.

What Is Comprehensive Car Insurance?

Comprehensive car insurance protects a vehicle from damage resulting from events other than collisions. This optional coverage includes theft, vandalism, natural disasters, and other incidents. In other words, comprehensive insurance covers you in situations where your car is damaged or destroyed, but you’re not involved in a collision with another vehicle.

What Does It Cover?

This type of car insurance covers many risks not covered by basic insurance.

  1. Theft: If a car is vandalized or stolen, comprehensive insurance answers the cost of repairing or replacing your vehicle.
  2. Natural Disasters: Comprehensive insurance covers damage caused by natural disasters such as floods, hail, and windstorms.
  3. Fire and Explosion: If your car catches on fire or explodes, comprehensive insurance can cover the cost of repairs or replacement.
  4. Animal Damage: If your car is damaged by animals such as deer, comprehensive insurance can cover the cost of repairs.
  5. Falling Objects: If your car is damaged by falling objects such as tree branches, comprehensive insurance can cover the cost of repairs.

Why Would You Need Comprehensive Car Insurance?

Protect Your Investment

Your car is arguably one of your biggest investments. Comprehensive insurance protects that investment by covering the cost of replacing or repairing the vehicle in the event of unexpected damage.

Peace of Mind

When you have comprehensive insurance, you have peace of mind knowing you’re covered in various situations. That way, you don’t need to worry about unexpected expenses or the financial burden of dealing with damages on your own.

Liabilityz Coverage 

Many comprehensive insurance policies include liability coverage. Liability coverage protects you if you’re at fault in an accident. Without it, you would be liable for covering the costs of injuries and damages out of pocket, which could be financially devastating.

Rental Car Coverage

If your vehicle is being replaced or repaired due to damage covered by comprehensive insurance, many policies include rental car coverage. This means you won’t have to pay for a rental car out of pocket while your vehicle is in the shop.

How Much Is Comprehensive Car Insurance?

The cost of comprehensive car insurance varies depending on several factors. These include your driving record, the kind of car you drive, and your chosen amount of coverage. In general, comprehensive coverage is more costly than basic coverage. However, the cost of comprehensive insurance is often worth it for its peace of mind.

Final Remarks

Comprehensive car insurance is a valuable option that protects you from various potential risks. While it’s not mandatory in Canada, it’s highly recommended for individuals who must protect their investments and wallet. With the right policy, you can confidently drive, knowing you’re covered in various situations. Take time to browse for the best rates and coverage options to find the right policy.

At Kirkham Insurance, we understand the importance of having comprehensive car insurance. Our auto insurance brokers in Lethbridge can find the right coverage options for your vehicle and your budget. We work with various insurance providers to offer you the best rates and coverage options.

Call us at (403) 328 1228 to request a quote!

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