In Georgia, the only type of insurance coverage required by law is liability insurance. However, this only covers the damages to the other car if the liability insurance policyholder causes the accident. There are other types of insurance available that are not required by law, but which can be very useful in the event of an accident or other damage to your vehicle.
Collision insurance covers any damage to your vehicle that is due to your vehicle coming into contact with something else, regardless of who is at fault. This includes a collision with another vehicle, or even an obstacle in the road.
If you have collision coverage, your insurance will cover the repairs to your car even if you are at fault in an accident. This type of coverage costs more than basic liability insurance, but can be very beneficial.
While collision coverage will take care of any damage caused by contact with another vehicle or object, comprehensive coverage takes care of any and all damage to your vehicle, no matter what the cause. This includes damage from weather, such as hail, or even a tree branch falling on top of your car. This type of coverage also takes care of damage from an any unknown cause, or vandalism or theft.
Comprehensive coverage is usually the most expensive type of insurance, but since it covers practically anything, you will have the peace of mind that your vehicle is always protected.
Do I Need Comprehensive or Collision Coverage?
If you are making payments on your vehicle, or leasing a vehicle, check with your lender to see if this type of coverage is necessary. Some financial lenders do require that you carry comprehensive coverage until your loan is paid off.