https://knowmyinsurance.co 2025-07-31 daily 1.0 https://knowmyinsurance.co/assets/images/image02.jpg https://knowmyinsurance.co/assets/images/gallery01/d9c8285f.png Collision covers you when you hit something (excluding animals) or if somebody hits you. Comprehensive covers pretty much everything else (with exceptions of course, nothing intentional). https://knowmyinsurance.co/assets/images/gallery01/6a495929.png Liability coverage is for other people's expenses. Different types of liability pay for different types of damage. For example; bodily injury liability will pay for other people's medical expenses. You will never see a dime of liability expenses. https://knowmyinsurance.co/assets/images/gallery01/73231ba6.png The deductible is what you pay in order to make the claim. You can think of it as your percentage of responsibility. When you raise the deductible, you take more responsibility upon yourself, thus lowering your insurance price. https://knowmyinsurance.co/assets/images/gallery01/b2d08a02.png Insurance companies use a litany of different factors to decide your rating. Things like your driving history and the type of vehicle are the most impactful, but factors like your address and insurance history can also make a palpable difference. https://knowmyinsurance.co/assets/images/gallery01/1952ea50.png Renters and homeowners insurance cover very similar things. When it comes to what type it's important to carry the right kind. If you rent carry renters and if you own carry homeowners. This is because the amount and type of coverage varies. https://knowmyinsurance.co/assets/images/gallery01/be969ea4.png Full coverage is typically required by your bank when you finance or lease a vehicle. It is also recommended if your vehicle still has a high value and you would like to protect the vehicle.