Is Comprehensive Auto Insurance Coverage Necessary?

Purchasing a new car can be an exhilarating and exciting moment in anyone’s life. It indicates freedom, agency and self-sufficiency.

However, while the thrill of a new car is potent and rousing, it can distract us from the more mundane yet equally important parts of the process, like choosing the right insurance plan. By “the right insurance plan” we mean one that fits the driver’s needs and protects them from future financial impediments.

Purchasing Comprehensive Auto Insurance in Florida

Buying car insurance in Florida can be complicated, even though it’s easier to get it than anywhere in the United States. Compared to other parts of the country, Florida has the lowest minimum requirements, where to drive in Florida, you only need Personal Injury Protection (PIP) and Property Damage Liability.

The state does not require drivers to purchase comprehensive auto insurance. However, while it’s not a legal requirement, is it still necessary to protect yourself from monetary loss? We’ll break it down for you:

What is Comprehensive Auto Insurance?

Essentially, comprehensive auto insurance assists in helping to pay or replace your car if it’s stolen or damaged by something other than a collision. Usually, it helps protect you from theft or damage, typically from instances such as vandalism or natural disasters.

It also helps protect from falling objects, hail, floods, fire and animals. While according to state law, it’s an optional insurance coverage package, it could be mandatory if you’re leasing or financing your car. An important point to note here is that it does not protect you from collisions with other vehicles.

Reasons to Purchase Comprehensive Auto Insurance:

There are a number of reasons why you should choose to pursue comprehensive auto insurance, but the most prominent of them are:

  • Leasing or Financing Vehicle: The most obvious reason to purchase comprehensive auto insurance is because it’s required by your lender to protect their investment.
  • Financial Security: Keep tabs on the value of your vehicle. If something were to happen to your vehicle, would you be able to incur the expenses to repair or replace the vehicle? If you can’t, purchasing comprehensive auto insurance would be a prudent decision.

Is it Really Necessary to Purchase Comprehensive Auto Insurance?

While it’s an optional insurance coverage plan, unless you’re leasing or financing, it’s highly recommended to purchase for the extra level of protection and comfort it provides you with.

Anyone who drives does so with the knowledge that they could run into an accident, and assumes the risks associated with driving. However, many people are not informed of the insurance options available to them and purchase the minimum required insurance, which could possibly lead them to pay more of their own money in out of pocket expenses. This is also true if they’re not the at-fault party and comply with Florida’s insurance laws.

If you’re on the lookout for cheap car insurance quotes in Bradenton, please reach out to us and we’ll set you up with the right insurance plan. Call us at 941-7477283 to talk to an agent!


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