Understanding your auto insurance coverage is essential for protecting your finances. At Gene Smith Insurance Agency, our team is here to help you understand comprehensive and collision coverage, two important parts of a well-rounded auto policy.
What Is Comprehensive Coverage?
Comprehensive coverage can help pay for your vehicle’s repair costs if it is damaged by a non-collision event, such as animal strikes, falling objects, fire, natural disasters, theft, or vandalism.
What Is Collision Coverage?
Collision coverage can help pay for repairs if you’re involved in an accident with another car. It can also cover damage caused by hitting an object or a tree.
When Do You Need Each Type of Coverage?
While Florida doesn’t legally require collision and comprehensive coverage, getting these may be a smart choice to avoid the financial fallout of losses caused by accidents and non-collision events. Without these coverages, you may have to pay for damage alone.
If you lease or finance your vehicle, your lender may require comprehensive and collision coverage as part of your auto policy.
How Florida Drivers Can Save on Collision and Comprehensive Coverage
Protecting your finances while operating a vehicle is essential, but that doesn’t mean you have to pay more than necessary. Here are some practical ways drivers can lower their premiums:
- Increase your deductible. Choosing a higher deductible is one of the most effective ways to reduce your premium. However, you may have to pay more out of pocket when filing a claim.
- Bundle your policies. Many insurers offer discounts when you bundle your auto policy with other types of insurance, such as homeowners or renters coverage.
- Maintain a clean driving record. You can lower your rates by avoiding accidents and violations.
- Review your coverage regularly. If your car is older or has a lower market value, you might consider adjusting your coverage.
- Take advantage of discounts. Insurers may offer discounts for installing anti-theft devices, completing defensive driving courses or paying in full.
How Our Team Helps Florida Drivers
At Gene Smith Insurance Agency, we work closely with drivers to assess their needs and explain all available auto policy options. Our team helps you weigh the benefits of comprehensive and collision coverage, so you can make informed decisions that fit your budget and lifestyle. We’re committed to helping you find the right level of financial protection at a competitive price.
Contact us today to request a personalized, no-obligation quote.
This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.