While collision and comprehensive insurance are not required by the state of Colorado or any state, they’re two of the most important types of car insurance.
Collision and comprehensive insurance are often sold together as a package. However, it’s important to note that they do not cover the same things.
Collision Insurance Coverage
- Covers damages to your vehicle if you hit an object, such as a pole, sign, fence.
- Covers damages to your vehicle is someone hits you.
Comprehensive Insurance Coverage
- Covers the value of your vehicle if it’s stolen and not recovered.
- Covers damages such as tornadoes, hailstorm, floods or fire.
- Covers damages from a falling object.
- Covers damages such as hitting an animal, such as a deer or elk.
- Covers damages caused by an explosion.
How Much Does Collision And Comprehensive Insurance Cost?
The cost to add collision and comprehensive insurance coverage is going to vary a lot depending on your unique scenario.
One factor that determines the cost of collision and comprehensive insurance is the state you live in. If you live in Florida, you could expect to pay a lot more for this coverage versus living in California.
Each state varies and where you live will influence what you end up paying. There’s many “total” factors that will determine your cost;
- Vehicle being covered
- Exact limits you choose
While many people look too buy cheap car insurance, cheap doesn’t mean “better.” While you can get cheaper auto insurance by not getting collision and comprehensive, what happens if an accident occurs? We don’t want to use “risk vs reward,” but that’s the scenario you face when you’re not carrying the right amount of insurance you need.
Should I Buy Collision And Comprehensive Insurance Coverage?
Since it’s not required by state law, it all depends on your unique scenario. With that being said, it’s always smart to carry enough car insurance. You don’t want to find yourself in a scenario where you’re having to pay out of pocket cause you didn’t have enough insurance coverage.
To get an exact estimate of what you’d be paying if you add collision and comprehensive insurance to your coverage, we recommend giving us a call at 1-303-623-1997. We’ll help you compare multiple auto quotes at once so you can find the right coverage at a price you can afford.