Despite its name, comprehensive insurance doesn't cover everything. In fact it pays for only very specific problems. Comprehensive insurance will pay for:
- The value of your car if it's stolen
- Replacement of the car or repair due to:
- Natural disasters such as a tornado
- Falling objects such as a tree branch
- Crashes with animals
- Civil disturbances such as a riot
Important things to know about comprehensive insurance:
- You purchase it by adding it to your liability car insurance policy.
- It's often packaged with collision insurance.
- If you have a car loan or lease, your lender or leasing company likely requires you to have comprehensive and collision insurance.
- The maximum payout of comprehensive insurance is the value of your car. For example, if you car is stolen or totaled, the payout is the value of your car at the time of the incident.
What's not covered by comprehensive insurance
It's important to know what you're not getting if you buy comprehensive insurance. Here are some examples of what's not covered, and alternate insurance for the problem.
|Not covered by comprehensive insurance||Alternate|
|Theft of your personal property from your car||Homeowners or renters insurance|
|Collisions into objects such as a tree or another car||Collision insurance|
|Damage caused by someone else crashing into your car||Make a claim on their liability insurance, or use collision insurance|
|Injuries to you or your passengers caused by someone else||Make a claim on their liability insurance (in many states), or use your personal injury protection (PIP) or medical payments (MedPay) coverage|
|Damage you cause to someone else's car in a crash||Your liability insurance|
Most and least expensive cars for comprehensive insurance
Comprehensive insurance rates are affected by a vehicle's value and the claims history of similar models. If your insurance company sees frequent or expensive comprehensive claims for the model of vehicle, expect to pay more for insurance.
Insurance companies must file their rates with each state. We looked at filings made by State Farm for its comprehensive insurance "rating groups." It reveals the vehicles that have the highest and lowest comprehensive insurance rates from State Farm. While your insurance company will have its own rates, State Farm's highest and lowest groups may be similar.
Cars with the most expensive comprehensive insurance (2018 and 2019 models)
Aston Martin DB11 and DB11 Volante
Aston Martin Vanquish and Vanquish Volante
Aston Martin Vantage
Audi R8 5.2 Quattro
Audi S8 4.0T Quattro
Chevrolet Corvette ZR1
Chevrolet Corvette Z06 Carbon 65 Edition
Bentley Bentayga W12
BMW Alpina B7 LWB
BMW M6 Gran Coupe
BMW M760I Xdrive
Ferrari 488 GTB, 488 GTB Spider
Ferrari 812 Superfast
Jaguar F-Type SVR
Lamborghini Avantador S
Mercedes-Benz AMG (multiple models)
Mercedes-Benz G63 AMG and G65 AMG
Mercedes-Benz S65 AMG
Mercedes-Benz SL63 AMG and SL65 AMG
Porsche 911 Targa
Porsche 911 Turbo
Porsche Cayenne S Turbo
Porsche Panamera Turbo and 4S and Hybrid
Rolls Royce Dawn
Rolls Royce Ghost
Rolls Royce Phantom
Rolls Royce Wraith
Tesla Model S P100D
The Rolls Royce Phantom has the most expensive comprehensive insurance in this group, probably due to its estimated base price of $450,000.
Cars with the least expensive comprehensive insurance (2018 and 2019 models)
Chevrolet Colorado Ext Cab
Chrysler Fiat 500X
Nissan Versa and Versa Note
The Ford Fiesta and Nissan Sentra are among the cheapest for comprehensive insurance in this group.
Comprehensive insurance cost
For drivers with car loans
If you have a car loan (or lease), you should know about gap insurance. Gap insurance can pay the difference between what comprehensive pays for a stolen or totaled and what you still owe on a loan.
Here's how it works: In some cases, a car loan balance can be higher than what the car is worth when it's totaled or stolen. This could happen if you finance most or all of the vehicle price. Let's say your car is totaled in a flood and comprehensive pays you $12,000 for the value of the vehicle. But say you owe $15,000 on the car loan. Gap insurance covers the $3,000 difference.