Liability Sample Quote: Rating Factors

Liability Sample Quote: Insurance Rate Factors

Discounts Applied to this Liability Sample Quote:

Additional Notes: This person has a good driving record!

Disclaimer: The purpose of this page is to showcase an estimate of what insurance may cost an individual with these products and/or circumstances. This is based on a real Liability sample quote.

Why Would A Person Want Comprehensive Insurance Without Collision?

There are several reasons why a person might want comprehensive insurance without collision coverage. Here are a few possible scenarios:

1. Protection against non-collision incidents: Comprehensive insurance covers damages to your vehicle that are not a result of a collision with another vehicle or object. It typically covers events such as theft, vandalism, fire, natural disasters, falling objects, and animal collisions. If you live in an area prone to these risks or if you are concerned about these potential incidents, comprehensive coverage can provide valuable protection.
2. Value of the vehicle: Collision coverage is often more expensive than comprehensive coverage. If you have an older vehicle or one with a low market value, the cost of collision coverage may not be justifiable. In such cases, you might opt for comprehensive coverage alone to protect against other non-collision risks without paying for coverage you may not need.
3. Financial considerations: If you have the financial means to repair or replace your vehicle in the event of a collision, you may choose to forgo collision coverage. Some individuals prefer to save money on insurance premiums and rely on their own resources in case of an accident. However, it’s important to carefully consider your personal financial situation and the potential costs involved before making this decision.
4. Vehicle usage: If you rarely drive or have alternative transportation options, the risk of a collision may be lower, making comprehensive coverage more appealing. For example, if you primarily use public transportation or have a second vehicle that you use for daily commuting, the chances of being involved in a collision are reduced.
5. Lease or loan requirements: If you are leasing a vehicle or have a car loan, the lessor or lender may require comprehensive coverage as a condition of the agreement. In such cases, you may need to have comprehensive insurance, even if you decide to forgo collision coverage.

It’s important to note that the specific terms and coverage options may vary among insurance companies and policies. When considering insurance coverage, it’s recommended to thoroughly review the policy details and consult with an insurance professional to ensure that you have the right coverage for your individual needs.