Comprehensive car insurance
John Duckett
John Duckett
Last Updated: 15 Sep 2020
(Rated from 3442 reviews)

Comprehensive Car Insurance

Comprehensive car insurance is like having bad-luck protection for your vehicle since it covers any damages to your car apart from traffic collision or rollovers. These damages range from a chipped windshield due to riots or a dent caused by hailstorms. 

While it may be optional, most lending companies typically need it if you want to finance or lease1 a vehicle. With that, here’s a simple guide on what comprehensive car insurance is all about, what it covers, and the costs involved.

What Comprehensive Auto Insurance Covers

Even though comprehensive insurance2 covers damages to your vehicle, it doesn’t cater to the damages or injuries you cause to others, nor are the injuries you suffer when you’re involved in an accident. Liability car insurance, which is required in most states, caters to those events. 

In general, you’d have to file for a comprehensive insurance claim if your vehicle is damaged due to several adversities which include but aren’t limited to:

  • Theft
  • Vandalism, fire, riots, and explosions
  • Windshield and glass damage 
  • Your car is destroyed by falling trees/limbs and other objects
  • Rocks/objects kicked up by or falling off vehicles
  • Heavy storms, hail, destructive winds, floods, lightning, and earthquakes
  • Accidents with animals (if you hit a deer by accident)

If you, however, swerve to evade hitting a deer or any other animal, and you hit another vehicle or tree, then the accident will be covered by collision rather than comprehensive insurance. 

The Costs Involved with Comprehensive Car Insurance

The costs that come with comprehensive car insurance vary greatly. They’re mostly dependent on your location. It would be best if you kept in mind though, that the cost of comprehensive insurance can be challenging because many agents sell comprehensive and collision insurance3 policies bundled together, making it impossible for you to price out the comprehensive coverage expenses.

Who Needs It?

If you own a car and want to be fully insured from risks, then you need comprehensive auto insurance. Nevertheless, there are some groups for whom it might be more vital to, and these include:

  1. If you lease or finance your car. Most lending companies need you to have both the collision and comprehensive insurance coverage if you choose to lease or finance your vehicle. 
  2.  If you can’t afford to purchase a new vehicle. If you own your car outright, then you probably think you can skip comprehensive car insurance. Before you jump to that conclusion, you need to ask yourself what would happen if your vehicle were stolen or destroyed by a fire and if you’d be able to afford to replace it. If your answer is no, then you need to get comprehensive insurance coverage since it offers you essential security. It’s also helpful to understand how to get the best auto insurance quotes in South Africa.
  3. If you’re anxious about natural disasters. If you live in a town or area that’s prone to flash floods, earthquakes, sandstorms, or any other natural disasters, then you need to get comprehensive car insurance to safeguard yourself if your vehicle is destroyed.

Is It Worth It?

If you don’t have any reserve or emergency funds to replace your car in case of theft, or destroyed by any other disastrous cause, then comprehensive car insurance is invaluable to you.

Nonetheless, if your car is worth less than the premiums you’re paying, then comprehensive coverage may not be worth it, but it might be a good idea to look into insuring your car retail market value.

The Insurance Information Institute (III)4 endorses that an excellent formula to help car owners to come to a smart decision if comprehensive coverage is worth it is by multiplying your annual comprehensive premium by 10. 

If the resulting figure is more significant than your vehicle’s value, then it mightn’t make sense to get comprehensive insurance. You’d be better off opening up a savings account for your emergencies.

However, if your car is worth more than ten times your premium,5 then getting comprehensive coverage could be beneficial to you and your pockets in the long-run.

We can’t predict natural disasters and accidents, thus making comprehensive car insurance an essential policy to get.  So get your today and live a stress-free life!

Common Questions

What's A Comprehensive Car Insurance?
What Does Comprehensive Car Insurance Cover South Africa?
Do You Need Comprehensive Car Insurance?
What Are The Benefits Of Comprehensive Car Insurance?
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