Do you need collision and comprehensive insurance? Collision and comprehensive insurance ensure you won’t be on the hook for any costly car damage, so we generally recommend that most drivers have both. If you have a lease or loan on your car, you may be required to have collision and comprehensive insurance.

What is covered under the collision and comprehensive coverage?

Collision Insurance covers damage to your vehicle in the event of a covered accident involving a collision with another vehicle. Comprehensive car insurance pays for damage to your vehicle caused by covered events such as theft, vandalism or hail, which are not collision-related.

How much comp and collision do I need?

Liability: To legally drive in Alberta, everyone must have liability insurance to cover any at-fault damage or injuries to others. This does not cover your own vehicle. While the minimum required coverage is $200,000, we recommend having at least $2,000,000.

What’s the difference between comprehensive and collision auto insurance?

A policy with liability, collision and comprehensive coverage is often referred to as full coverage car insurance.

Why do I need comprehensive insurance for my car?

Comprehensive insurance is designed to pay for repairs to your vehicle caused by things other than a collision. If you finance a vehicle purchase, you may be required to purchase comprehensive coverage as well as collision coverage.

How does collision insurance work in a car accident?

Collision covers your car from accident damages, regardless of fault. To make a claim, you will need to pay your deductible, and then your coverage will pay the remaining cost of repairs or for the total loss of your vehicle. What does comprehensive insurance cover?

What are the different types of collision insurance?

Collision coverage only covers damage from colliding with another vehicle or object. Damage from hitting any kind of animal will fall under your comprehensive insurance coverage. In most cases, collision and comprehensive insurance are bundled into one package by your insurance company.