Comprehensive

Generally, this coverage pays for theft or damage to your car from hazards including fire, flood, vandalism or striking an animal.  Most banks or lenders require you to buy this coverage to receive a car loan.  There are various levels of deductible to purchase.

Collision

This coverage pays to repair damage to your car as a result of a collision accident.  Most banks or lenders require you to buy this coverage to receive a car loan.   A $500 deductible is standard, unless you request a lower amount.  The higher your deductible, the lower your premium.