Getting Full Car Insurance Coverage
Reader’s Question:
I am 19 and am looking for auto insurance in Salt Lake City. Is it true that I have to have full coverage on my car or can I get collision only. My car is a 91 acura integra.
Phil
Salt Lake City, UT
Collision and comprehensive insurance coverage is optional in virtually every state. The collision and comprehensive section of your insurance policy covers physical damage to your own car resulting from collisions and different other causes (e.g., fire, falling objects or theft). But, your vehicle’s value plays a big part in evaluating your need for this type of coverage. It is more economical usually to transfer the risk of your new car to the insurance provider. Basically, it would cost less to insure it than it would to have to replace it out of your pocket. If you are leasing or financing the car then you are required to carry collision and comprehensive coverage. The lease or lender company will require that you provide proof of this coverage. If you do not do this then they may force to put the coverage for you and add the cost of it to your loan balance. If you do not have a loan on the car and are only asking about buying Collision coverage without Comprehensive, then you may be able to find an insurance provider in Salt Lake City to assist you.
