Understanding the difference between a comp vs. collision claim is crucial when it comes to filing auto insurance claims. These two types of coverage handle damage differently—and knowing which one applies can save you money and hassle after an accident. Let’s break down what sets them apart and why it matters for your insurance rates.
1. Comp vs. Collision Claim: What’s the Difference?
When it comes to auto insurance, a comp vs. collision claim refers to the type of event that caused damage to your vehicle.
- Comprehensive (Comp) Claim: Covers incidents that are not related to collisions, such as hitting a deer, hail damage, theft, vandalism, or falling trees.
- Collision Claim: Applies when your vehicle is damaged from striking another vehicle or object, like a pole, wall, or ditch.
➡️ Example: If you hit a deer, it’s a comp claim. But if you swerve to avoid the deer and hit a tree, that’s a collision claim.
2. How a Claim Impacts Your Premium
💡 Insurance companies typically view a comp claim more favorably than a collision claim.
- Comp Claim: Often considered “no-fault” and less likely to raise your rates.
- Collision Claim: Usually seen as “at-fault” and can result in higher premiums.
That’s why, as strange as it sounds, it’s often better for your insurance to hit the deer than to swerve and cause more serious damage.
3. Choosing the Right Coverage for a Comp vs. Collision Claim
When building your auto policy, it’s important to consider:
- Deductibles: Comp claims and collision claims usually have separate deductibles.
- Vehicle Value: For older vehicles, you may choose to carry comp but not collision—or vice versa—depending on replacement cost.
- Risk Tolerance: Do you want lower premiums or lower out-of-pocket costs after an accident?
For more insights on how these coverages work, visit Progressive’s comprehensive vs. collision guide.
Conclusion
Being able to distinguish between a comp vs. collision claim is essential when an accident happens. It determines how your claim is processed, how much you’ll pay, and whether your rates may increase. Equip yourself with the right coverage—and the right knowledge—to protect your vehicle and your wallet.Need help reviewing your current coverage? Contact Nebraska’s Insurance today.
Leave a Reply