You May Need Comprehensive Insurance If You Purchase These Types Of Vehicles

26 April 2016 by Elijah Steward

Comprehensive insurance is an optional policy that covers damages and losses not associated with a car wreck, such as floods, fire, theft, and vandalism. Your lender typically requires you to carry this insurance while you have an active loan with them. If you've paid off your car note or purchased your car with cash, you may be wondering if you should get or keep this type of insurance. If you have one or both of these types of vehicles, then you may want to consider paying for the extra coverage.

Vehicles Most Likely to be Targeted by Thieves

Although any car or truck can fall victim to an opportunistic thief, some vehicles are more valuable to auto bandits than others. If you own the type of vehicle that's frequently targets by thieves, then you may want to consider getting or keeping your comprehensive insurance, particularly if you live in the city.

Surprisingly, it's not flashy sports cars that are stolen most often, but regular family-type vehicles. Generally thieves choose older models that are dismantled for their parts, which are then sold to unsuspecting consumers. However, newer models are just as likely to be taken. The number one used vehicle stolen in 2015 was the Honda Accord, while the top new vehicle stolen in 2013 was the Nissan Altima.

Other popular makes and models include the:

• Ford F-150 and Fusion
• Toyota Camry and Corolla
• Dodge Caravan
• Jeep Cherokee
• Chevrolet Impala
• Hyundai Elantra

Comprehensive insurance will cut you a check for the current cash value of your vehicle if it is stolen. Although the amount you get may not measure up with what you paid, it's better than getting nothing at all if your vehicle gets snatched.

Vehicles Most Likely to be Targeted by Haters

As odd as it may seem, there is also a list of vehicles that are most likely to be vandalized. Whether it's because the vandals hate the vehicles themselves or the people driving them is unknown, but if you own one of the following cars, you may want to hold on to your comprehensive coverage:

• Lexis IS
• BMW Z4, X5, 525, and 530
• Mini One
• Mercedes CLK
• Audi TT
• Mazda MX-5
• Skoda Octavia

Comprehensive insurance will cover the cost of vandalism done to your vehicle. If you opt for no deductible, you won't have to pay anything out of pocket to get your car fixed.

For more information about comprehensive insurance or to start coverage, contact an insurance broker or company, like Green Light Auto Insurance Specialists.

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