covers your vehicle if it is damaged by something that isn’t a collision, such as:
theft
vandalism
contact with an animal
damage caused by weather
Collision insurance covers your vehicle when it is damaged by a collision.
Lenders require full coverage because comprehensive and collision insurance cover your vehicle regardless of fault.
Lenders want to ensure that their property is covered from damage. Without full coverage, it’s unlikely that financed vehicles would get repaired and lenders don’t want to take that risk.”
Jerry partners with more than 50 insurance companies, but our content is independently researched, written, and fact-checked by our team of editors and agents. We aren’t paid for reviews or other content.