Comprehensive and Collision Coverage Georgia GA

Reader’s Question:

My car insurance agent here in Georgia is pressing me to get comprehensive insurance and collision insurance. I just want to get whatever insurance the state requires, but he says it will cost more in the long run. Is this true?

Norman,

Albany, GA

Hey there Norman. With the rising cost of car insurance premiums, who can blame you for cutting back on some costs? I think the best way to start would be to explain what this extra coverage is for.

Most states only require liability insurance. This will give you coverage in case of damage or death to other people and their possessions. This will not pay for repairs on damages to your vehicle.

This is where collision insurance comes in. Say a tree suddenly appeared on the side of the road, and you hit it. If you didn’t have collision insurance, you’d have to repair your car out of your own pocket. For comprehensive insurance, this would cover anything else that could happen, like if someone steals your car.

I guess that there is just no right or wrong answer to this question. If you drive carefully and no accidents occur, then the collision and comprehensive insurance costs you shell out for will just add to the insurance company’s riches. However, if something does happen and you need to file a claim on your collision or comprehensive insurance coverage, then your insurance payment premiums would have saved you oodles of dough compared to if you were paying out of your own bank account.

Why don’t you call your Georgia and ask him to help you weigh the benefits of the car insurance company’s offers and how it will affect your finances personally

 

Tags: auto insurance, collision insurance coverage, comprehensive insurance coverage