Physical Damage Auto Insurance in Mystic, CT
Physical damage auto insurance may help pay to repair or replace the insured vehicle after a covered accident or incident. If you lease or finance your car, the lienholder may require physical damage insurance.
Physical damage insurance typically includes the following:
- Collision coverage may help cover damage to your vehicle if you are in an accident with another vehicle or object, regardless of fault.
- Comprehensive coverage may help pay for vehicle damage resulting from non-collision-related incidents such as weather damage, fire, vandalism, theft or falling objects.
How to Choose the Right Auto Insurance Coverage
Selecting the appropriate level of physical damage coverage involves assessing your needs and understanding your options:
- Your vehicle’s value—Consider the current value of your vehicle. Comprehensive and collision coverage can provide crucial protection if it’s a newer or more valuable car. For older vehicles with a lower value, you might weigh the cost of coverage against the potential benefit.
- Your deductibles—Both collision and comprehensive coverage come with deductibles—the amount you’ll pay out-of-pocket before your insurance kicks in. Higher deductibles usually mean lower premiums, but ensure you choose an amount you’re comfortable paying in the event of a claim.
- Your risk tolerance—Consider your driving habits and environment. Comprehensive coverage might be more valuable if you live in an area prone to natural disasters or high theft rates. Collision coverage may be essential if you frequently drive in high-traffic areas or have a longer commute.
- Your policy exclusions—Familiarize yourself with what’s not covered by your policy. Knowing the exclusions helps you understand the limits of your coverage and avoid unexpected expenses.
Contact Us
Contact Specialty Coverage Insurance Agency in Mystic, Connecticut, to learn about your physical damage auto insurance options and get a personalized car insurance quote.