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This really depends. For example- John has a 1992 Toyota Corolla. The car is worth about 2000 dollars. He has no lien or lease on it. He doesn't need comp or collision.

Mary has a 2009 Toyota 4runner, its brand new, low miles and has a lien on it. Since she has a lien on it, she is required to have comp and coll. Also considering the car is worth 20,000k she would be crazy not have it.

At certain points you will find that their will be an in-between type of time where the car is paid off, but it also worth some money still. At this point you will have to way your options. Does having comp or coll add up over time to be the best way to go? Or should I take my chances and do away with it to save money? At this time, this is up to you to make the call.

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Q: Do you need comprehensive and collision on a auto policy?
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Related questions

Does homeowners insurance cover your car when it rolls down a steep driveway into a tree?

No. Your homeowners Insurance Policy does not cover Auto Collision. You will need to file on your Auto Insurance under your Vehicle Comprehensive and Collision Coverage.

Do you need full coverage auto insurance in Alabama when deer crashes into your auto for repairs?

This would be covered by the collision part of the policy.

Would rim damage be covered under auto insurance?

Only if it were damaged in a 'covered loss.' A covered loss would be a collision or other loss that would be covered under comprehensive (such as vandalism). You would need those coverages on your policy.

Does farmers full coverage insurance issue rental car if in a collision?

You'll need to read the policy and see. Sometimes you may have bought rental car coverage that will pay a set amount per day up to a maximum. Full coverage is a slang term used to describe a policy that offers comprehensive and collision coverage on a covered auto. Rental car and towing are usually additional coverages that you may or may not have. But even if you don't have that coverage, it may still pay in a collision claim. You need to read the policy to be sure.

What information do you need to get auto insurance?

Auto collision insurance weiver of deductable

Will comprehensive insurance fix your vehicle if you hit another vehicle?

And the answer is YES and NO! It all depends on what are the terms and conditions you have agreed upon on your auto policy. You need to be aware of the policy values before you accept it!

Can you get your homeowners policy to cover damage to your car if the roof fell onto the car?

House Falls on CarNo. That's what Auto insurance is for. It's the same as if a tree falls on your car. You would need to look to the comprehensive portion of your auto insurance policy for repair of your automobile.

What kind of insurance policy would cover your car in the event it is hit in a parking lot?

That would be comprehensive coverage. Anonymous is wrong! It would be collision. It doesn't matter if the vehicle was occupied or parked. If something on the ground collides with your auto it is a collision claim. If your car is hit, then, yes, collision insurance covers it, but the *other driver's* collision. In the event that the other driver does not have or does not have enough collision insurance, you will need uninsured/underinsured motorist covered to pay for your loss, which, by the way, also pays for your loss if your car was hit in the parking lot and the other driver took off (i.e., hit-and-run). Comprehensive coverage will take care of this in NY. Vandalism I am a experienced agent for a large company, if the driver does not turn himself in to you it would be covered under the comprehensive portion of your contract. (and would be considered vandalism).if the driver stays and his company pays the expense it would be covered under collison on his policy.

You wrecked your friends car it was your fault they had no insurance nor do you what type of insurance do you need that will cover you when you drive some else's car?

You can buy a "Non-owners" or a "Named Operator" policy that will cover the damage you cause to the other party for injuries or property damage to the other vehicle. The only way to cover damage to the vehicle you are driving is to have the owner of the purchase a traditional auto insurance policy, with comprehensive and collision coverage, and then list you as a driver on their policy.

When is it best to drop collision and comp auto ins?

When you own the car free and clear and know you will be able to repair or replace the car without insurance if there is a loss, or when you know you don't really need the car or the value of it if you no longer have it or the use of it due to a loss. Note also that you can drop Collision but still carry Comprehensive, and if you hit an animal, that would normally fall under Comprehensive rather than Collision. Since Collision is normally much more expensive than Comprehensive, this is worth considering if you're a safe driver and not likely to have an at fault collision. With this option it's even more important to carry Uninsured/Underinsured Motorists coverage.

What type of insurance will pay for damage to your car if it is declared to be a total loss?

Physical damage coverage pays for damage done to your vehicle. This is divided into two policy provisions, comprehensive and collision. Collision is if you hit something or turn the vehicle over. Comprehensive is about everything else, including theft, vandalism, animal collisions, fire, glass breakage, etc. So the main thing you will need to determine is what caused the damage. If you hit a deer then it will be a comprehensive claim. If you hit a telephone pole or another vehicle then it is a collision claim.

Will your home owners policy cover damage to your car from a tree falling on it on your propertyi do not have full coverage on the car?

Short answer--No! In order to have the claim covered on the vehicle, you would need full coverage on the auto policy. This peril is covered under comprehensive, which is part of what is known as full coverage to the auto.