You can often save money on auto insurance by raising your deductibles but is it always a wise choice? After all, you will be responsible for your deductible amount and your insurance company will pick up the remaining amount.
Your deductibles are commonly spoken of together with the Comprehensive first and the Collision second. So if you see something like “250/500″ on your policy, it means that your comprehensive deductible is $250 and your collision deductible is $500.
Collision coverage takes care of the damage to your car that is caused by hitting another vehicle or an inanimate object or for a rollover. So if you are involved in an accident or you sideswipe a guardrail, your collision coverage will be what is used.
Comprehensive coverage, as the name implies, covers “all other” damage to your car. So if your car is stolen, if you hit a deer or you get caught out in some nasty hail, your comprehensive coverage will kick in. Check out Autosinfo for more information.
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