fbpx

Can I Get Collision Without Comprehensive?

Can I get collision without comprehensive?

All drivers in Ontario are required by law to purchase a minimum auto insurance plan if they intend to drive the vehicle on public roads. However, motorists looking for extra coverage also have the option of adding policies that provide them with further protection whether they are behind the wheel or not. These additional policies are known as collision and comprehensive add-ons.

With that said, a common question we often get asked here at aha Insurance is whether motorists can purchase collision without comprehensive. As such, we’ve answered this question in further detail throughout our post, along with others, so you can have a better idea about the auto insurance options that are available to you.

Therefore, for further information, keep reading!

 

Frequently asked questions

What is the difference between collision and comprehensive?

As we mentioned, collision and comprehensive coverage are optional policies that motorists can add to their overall auto insurance portfolio. So, what is the difference between the two? Let’s dive a bit deeper into how these two insurance policies differ from one another:

Comprehensive Insurance Coverage

Comprehensive insurance helps protect your vehicle against damage caused by events other than an accident with another car or object. This often includes:

  • Vandalism or civil disobedience, such as a riot
  • Theft or attempted theft
  • Weather and natural disasters, including floods or lightning from thunderstorms, hurricanes, tornadoes, earthquakes, and hail
  • Fires or explosions
  • Falling and flying objects

Collision Insurance Coverage

Collision coverage pays for the expenses associated with fixing or replacing your car if you are found at fault in an accident. This includes:

  • You hit another vehicle.
  • Your vehicle collided with a fixed object like a road sign, streetlight, guardrail, or animal.
  • Your car flips over.

As you can see, both collision and comprehensive insurance policies provide motorists with additional protection for their vehicles that are not included with basic insurance. And ultimately, whether you choose to purchase these additional policies will depend on your unique circumstances as a driver. Therefore, to determine what works best for you, we recommend reaching out to the experienced insurance agents at aha Insurance for further information.

 

What’s more critical, comprehensiveness or collision?

Your particular circumstances and needs will determine whether comprehensive or collision coverage is more significant to you as a motorist, as every driver and vehicle is different. For example, if you have a car loan or lease, collision coverage is usually required to protect the borrower’s investment in the vehicle. You may be able to avoid collision coverage if you own your car outright, yet it’s still essential to think about the future expenses associated with repairs or replacement in the case of a collision.

Comprehensive coverage, on the other hand, may be more crucial if you reside in a region prone to theft or natural disasters or if you frequently park your car in areas prone to animal or falling object destruction. Accordingly, the amount of coverage you require will be determined by your personal circumstances, such as your budget, driving routines, and the value of your car. It is critical to carefully evaluate your choices and pick a level of coverage that is sufficient for your needs. To make the best decision, you should consult with an insurance professional who can better help guide you through the process of selecting a customized insurance policy that you can feel confident in. 

 

Should I have collision insurance on a 10-year-old car?

It goes without saying that keeping comprehensive coverage for your vehicle is usually a good idea. However, there are times when you should consider dropping your collision insurance coverage. Paying extra for this coverage, for example, may not be worth it if you have a low-value or older model car that is 10 years old. You can also remove collision insurance coverage if you have enough money to cover any costs that may be associated with repairs or replacements of your vehicle. 

The best way to determine when to drop collision auto insurance is to evaluate your needs. Paying an extra fee for insurance rates is unlikely to be worth it if your car is older or has a lower market value. You might not require collision insurance if you can afford to replace your vehicle in the case of a complete loss. Your driving history and record may also have an impact on your course of action. For example, if you’re a cautious driver, rarely drive, and keep your car in your carport, you might not require collision insurance.

Should I carry full coverage on a car that is paid off?

The choice of purchasing full coverage on a paid-off car is based on your personal situation and requirements. All drivers in Ontario are required by law to carry a minimum amount of liability insurance coverage. This coverage will protect you if you are determined to have been responsible in an accident that causes bodily harm or property damage to another person or their property.

Full coverage generally includes liability, comprehensive, and collision coverage. To save money on your insurance premiums, if your car is paid off and has a lower valuation, you may want to consider removing comprehensive, and collision coverage and carrying only liability coverage if saving money on your insurance is a deal breaker for you. If, on the other hand, you depend heavily on your car for transportation and cannot afford to make repairs or replace it in the event of an accident, having full coverage may provide peace of mind as well as financial protection in the long run.

Again, your insurance premium is calculated not only based on your insurance policies but also on various factors, including your driving history, age, gender, and more. Therefore, if you can opt for full coverage, there is nothing wrong with being safe rather than sorry. However, the decision of whether to opt out of full coverage will be based on what you feel is necessary.

Is comprehensive and collision the same as physical damage?

Comprehensive and collision coverage are two types of auto insurance that protect you against various kinds of vehicle damage. Comprehensive coverage typically protects your vehicle from damage resulting from occurrences such as theft, vandalism, natural disasters, and animal collisions. Non-collision damage such as windshield cracks, fire, and falling objects may also be covered under this policy. Collision coverage, on the other hand, protects your vehicle from damage resulting from crashes with other automobiles or objects such as trees or barricades.

As such, physical damage is a broader umbrella term that may apply to both comprehensive and collision coverage, or it can refer to any sort of car damage, no matter what caused it. While comprehensive and collision are both types of physical damage coverage, they are not technically the same thing.

Is it better to have a higher collision deductible?

A collision deductible is the sum of money you agree to pay out of pocket before your auto insurance starts to cover collision-related damages. A greater deductible means you’ll have to pay more out of pocket in the case of a crash before your insurance kicks in. And ultimately, a higher collision deductible can have both benefits and drawbacks, and whether it’s best for you varies depending on your individual situation and risk level.

The benefits of a higher collision deductible include the following:

  • Lower premiums: A higher deductible can lower your insurance rates because you agree to bear more financial burdens in the event of an accident.
  • Encourages safe driving: If your deductible is higher, you may be more careful when driving because you will be liable for a larger part of the expenses if you have an accident.

The disadvantages of a higher collision deductible are as follows:

  • Higher out-of-pocket expenses: If you’re involved in a car accident, you are obligated to pay more before your insurance coverage starts kicking in. This can be costly, particularly if you have insufficient money saved for the deductible.
  • Repairing or replacing your vehicle will be more difficult: A higher deductible means you will have to pay more out of your own pocket to either fix or substitute your vehicle. This can be not easy if you rely on your car for transportation to work or do your daily activities.

Once again, the choice of selecting a higher collision deductible is influenced by your personal circumstances, like your risk tolerance, financial position, and the value of your vehicle. If you own a newer or more expensive car, you may wish to select a lower deductible to make sure that you can afford to replace or fix it in the case of a collision. A higher deductible, on the other hand, could prove to be a more cost-effective option if you have an older car with a lesser value.

The Bottom Line

Purchasing comprehensive and collision insurance coverage makes sense in a lot of scenarios and can help you feel more confident when you are on and off the road. However, it is essential to remember that these two policies are not currently required under Ontario law. With that being said, if you are leasing or financing a vehicle, these policies may be necessary. As such, determining whether collision and comprehensive insurance are right for you will depend on your personal needs and driving habits, which is why it is important to speak with an experienced insurance agent who can help you better understand what type of coverage you are looking for.

The team at aha Insurance in Ontario has over 20 years of insurance industry expertise and is prepared to provide you with high-quality options, regardless of the policy you’re looking for. We understand that each client is unique, which is why we are dedicated to providing customized insurance plans that meet your needs while protecting your assets. We want your experience with us to be as easy and effortless as possible, whether you’re obtaining a guaranteed quote in 3 minutes, buying and managing your policy, or submitting an insurance claim.

You can reach us at any time by dialling 1-855-242-2440 or sending an email. We look forward to hearing from you.

Seriously, what else can you do in 3 minutes?

Boil half an egg?

You might like this stuff, too.

Does An Older Car Cost More To Insure?

Does An Older Car Cost More To Insure?

Does an old car cost more to insure? All Ontario drivers are required under Ontario law to purchase automobile insurance if they intend to drive on public roads. However, all cars and drivers are different, so naturally, the amount you'll pay for your insurance will...

read more
Do You Have To Pay Car Insurance Every Month?

Do You Have To Pay Car Insurance Every Month?

Do you have to pay car insurance every month? It should come as no surprise that paying for car insurance is inevitable if you own and operate a vehicle in Ontario. However, if you're a new driver in the province, you may have questions about how much you need to pay...

read more
How Much Insurance Premium Increase After An Accident?

How Much Insurance Premium Increase After An Accident?

How much do insurance premiums increase after an accident? Driving on busy roads takes a lot of responsibility and practice. Even so, no matter how good of a driver you may be, accidents can still happen. And, as a Canadian insurance broker, one of the most frequently...

read more