Chicago, IL drivers aren’t legally required to buy comprehensive car insurance. However, it’s wise to consider the pros and cons of such a policy to make an informed decision. Comprehensive car insurance can be ideal for many drivers, but it’s not a good fit for everyone.

The Advantages of Comprehensive Car Insurance

A comprehensive auto insurance policy covers more than just the basics. Such a policy provides compensation if someone steals or damages your car. It also covers damage caused by animals and natural disasters such as floods, tornadoes, wind storms, and fires. If you use financing to buy a car, your lender will likely require that you purchase comprehensive coverage.

The Disadvantages of Comprehensive Car Insurance

The main disadvantage of comprehensive car insurance is the price tag. Comprehensive car insurance doesn’t replace regular car insurance, which means you’d have to buy an extra policy. The trade-off is more than worth it if you own a new vehicle or an expensive model. However, if you own an older model that you’ve already paid off, you likely don’t need comprehensive coverage. 

Car Insurance Help from NCIB Group Inc.

Choosing the right insurance policies for your car can be challenging. That’s why NCIB Group Inc. offers multiple policy options and personalized assistance to help drivers in Chicago weigh the pros and cons of each policy. We make it easy for you to find the insurance policy that best meets your needs at a price you can afford. Contact us today to find out more or to get a quote on the policy of your choice.