My sister was berating me why I bothered on getting comprehensive auto insurance. I have told her the many benefits and she seems convinced. She was even surprised to find out that my auto insurance  will pay for my car if it was stolen or totaled. She asked how much I’d get for the car if this happens and this was one question I can’t answer. How much, indeed?

Cynthia

Levittown PA

Hello, Cynthia, how nice of you to advocate the advantages of getting comprehensive auto insurance. Like your sister, there are many others who do not feel the need to get comprehensive auto insurance and end up having to suffer the effects of a vehicular accident or theft or similar unfortunate events involving the vehicle.

If your vehicle is totaled or stolen, your comprehensive auto insurance will pay you its fair market value in Levittown Pennsylvania PA. To get your car’s fair market value, you should look around and see how much a similar car would cost in Levittown Pennsylvania PA. When you do this, be sure to factor in the make and model of your car, mileage, and how long it’s been used so that you can get a fairly accurate estimate of its fair market value. This will be a considerable sum but if it is still on loan, the amount will be somewhat less than your loan balance. This is the time for gap insurance to come in. Gap insurance will pay for that difference and will enable you to use your money in getting another car. If by any chance you are interested in gap insurance, you get free quotes from this site by entering your zip code.

Good that you have turned your sister into a believer. The world needs many others like you and your sister!