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Comprehensive Deductible, Explained

A comprehensive deductible is the deductible amount that comes along with your comprehensive insurance.  In short, it is the amount of money that you must pay out of pocket when your car has sustained comprehensive damage before your car insurance’s comprehensive coverage kicks in.  Keep reading to learn more about comprehensive deductibles.

What Is Comprehensive Insurance?

Comprehensive insurance is one of the three types of insurance that is included in full coverage.  It covers damage to your car that is not caused by a collision. Some types of damage that comprehensive coverage covers include auto theft, vandalism, fires, rocks hitting the windshield, and damages from acts of God and nature.  Check out What is Comprehensive Insurance? And How Much Does It Cost? for more information regarding comprehensive insurance. 

>>MORE: Does Car Insurance Cover Vandalism?

What Is A Deductible? 

When your car sustains damage and you file a claim with your auto insurance company to pay for the repairs, your car insurance coverage may include a threshold amount that you must pay before your coverage pays the rest.  This threshold amount is known as a deductible. Not all forms of auto insurance commonly come with a deductible. A deductible is almost never included with liability coverage. Collision and comprehensive insurance, on the other hand, often are accompanied by a deductible that must be paid before a policyholder can avail himself with the coverage.

More about Deductible:

What Is Comprehensive Deductible?

A comprehensive deductible is the threshold amount that you must pay out of pocket before your comprehensive auto insurance coverage will pay out to cover damages to your vehicle.  This deductible can range from $0 to $1,000 or more. It is important for your comprehensive deductible to be affordable to you so that you can get your car repaired as quickly as possible if your car were to sustain comprehensive damage.  Thus, you do not want to select a deductible that is too high. A lower deductible, however, often results in a higher premium. Thus, you should give careful thought to your comprehensive insurance deductible when purchasing auto insurance.

The Bottom Line

The bottom line is that your car can sustain damage as a result of unforeseen events which do not qualify as accidents.  Comprehensive coverage, which covers these negative events, is often accompanied by a deductible. To get your car back on the road as soon as possible, make sure to choose a comprehensive deductible that you are sure you can afford.

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