How It Works
In a covered accident, comprehensive coverage extends beyond your own vehicle to include temporary substitute cars, newly-acquired cars, and cars you're using but aren't owned by anyone in your household.
Comprehensive insurance is limited to the actual cash value of the vehicle, and may or may not have a deductible, which is the amount you'll need to pay before receiving benefits.
Should You Have Comprehensive Coverage?
To help you figure out if you should purchase comprehensive coverage, you should estimate the approximate value of your vehicle. While there are a number of online resources that can help with this, including Kelley Blue Book , we recommend you speak with a State Farm® agent. In addition to helping you determine the value of your vehicle, our agents can tell you how much extra you'd pay to add comprehensive coverage.
Once you know the approximate value of your car and the cost to carry comprehensive coverage, you can make an informed decision about purchasing that coverage. Many people find that it's a good idea to cover newer cars, but as cars get older, their values decrease, and you might consider omitting or dropping this coverage to save money on your auto insurance. Consider, though, whether the savings would be enough to offset the risk of having to pay the entire cost of repairing or replacing the vehicle.