Q&A Topics

Monday, October 19, 2009 11:44:29 AM

What is the difference between collision and comprehensive insurance?

Collision insurance covers a vehicle that's involved in an accident with another vehicle. Comprehensive insurance covers a vehicle that is damaged in an event other than an accident, such as a fire, hail, or a falling tree. If you have a car loan, most lenders require that you purchase both collision and comprehensive insurance.