Is it expensive to get a collision and comprehensive auto insurance policy in Pennsylvania?

Maila

Philadelphia PA

Before a motorist think of price, it is important to understand how a particular coverage can protect and benefit him in the long run. A collision and comprehensive vehicle insurance in Pennsylvania means you are getting more protection as a motorist. Normally, it is only liability that the law requires. It is enough for a motorist to have the minimum requirement so that when he accidentally hits a person, or injures a person during an accident, or damage a property, his insurance can cover the costs of damages.

A collision coverage will protect a motorists in the event that his car is damaged because of collision. The liability insurance is only good as far as covering third party damages while the owner of the car is left to take care of the costs of fixing his vehicle. A comprehensive vehicle insurance in Pennsylvania means you don’t need to worry about repairs that are not collision related. What if a big branch falls on your car? You will definitely have to do something about the dent on your roof.

A comprehensive vehicle insurance in Pennsylvania ensures that you need not worry about repairs since you get covered for that kind of damage. For all of those protection, a motorist should expect to pay a reasonable amount of premium. It should not be too expensive nor too cheap. To get the right price, shop for quotes.

Edward here from Philadelphia, Pennsylvania. My car’s has been freaking out lately so I’m thinking of retiring it and getting a new one. Will I also have to buy new insurance for the new one or can I just use the current one I have?

Edward

Philadelphia, PA

Hi Edward, that’s a good question. My advise to you is, talk to your automobile insurance provider in Philadelphia, Pennsylvania about it. Different insurance companies will have different rules about this. Here are a few things to note if you want to carry over your current insurance to the new car. Your new car will be covered for the same amount that your old car was covered. If it’s a pretty old car, I’m pretty sure you went the economical route and got just the minimum coverage amount required by law. This exposes you to greater financial risk if something unfortunate does happen. Also, your dealer or financer, (read: loaning agency) will most likely require you to buy additional insurance for the car. This would be your collision insurance to cover repairs for damage to your car if you get in an accident. You will most likely also need comprehensive insurance to cover most anything else that could happen that will cause you to lose your car or for it to be damaged.

The insurance companies have different policies and restrictions on replacing or adding vehicles under an insurance policy. Some extends the coverage of your insurance to the new or added vehicle for a couple days, while some give you more lee way. The main thing is, do update your policy as soon as possible to avoid possible financial blunders caused by little or no insurance coverage.

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 Pennsylvania . To get your car’s fair market value, you should look around and see how much a similar car would cost in 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!