We’re breaking down insurance questions with answers from our in-house expert. Ed Conley is a CPIA and the director of Insurance Sales and Financial Services at AAA. Have a question for Ed? Drop us a line at AAA.com/AskEd.
Q: What is comprehensive coverage on my insurance policy? Why do I need it?
A: Comprehensive insurance coverage on your auto policy is an optional coverage (unless you have a loan on the vehicle; then it’s mandatory) that is sometimes also called “other than collision”. While that’s true for the most part, it doesn’t tell the whole story of what it covers. Comprehensive coverage is generally less expensive than collision coverage and protects you against losses due to glass breakage, fire, hail, theft, water and hitting an animal, among other things. Claims that fall under this coverage will be subject to a deductible that you choose based on your individual needs
Q: Does hitting a deer raise my insurance rates, and will I pay a deductible if I file a claim for hitting a deer?
A: Hitting a deer can be a traumatic experience and the cost of the damages can vary greatly. If you have comprehensive coverage on your policy, your insurance company will cover the loss up to the amount needed for repairs or the total value of your vehicle, whichever is lower, minus your deductible. This event can also impact your premium at your next renewal. How much will be dependent on several factors, including the total payout and other accidents or violations you may have had within the last five years.
Even if your vehicle is older and you’ve removed the collision coverage, you can still keep comprehensive insurance coverage for a minimal expense. This will help protect against some of those events out of your control. Talking with an insurance agent about your coverage options and deductibles will make sure you have the right coverage at a competitive price.
AAA offers insurance coverage for auto, home, life and more. Visit AAA.com/Insurance for more information and to request a free quote.