This protection will cover damages done to your insured vehicle, unlike the above mentioned property damage coverage, regardless of who was at fault for causing it. Damages done to your vehicle from a baseball, the wind, or even vandalism will be paid for by the insurer when you have this as part of your policy. Your vehicle will also be replaced if it is stolen or totaled, up to the its cash value amount. As a side note, anyone who is upside down on their auto loan will want to look into GAP insurance as it will cover the difference between the amount owed and the cash value of the vehicle if it needs to be replaced by the insurer.

Comprehensive and collision are not required by any state, but they are required if you have an auto loan or are leasing your vehicle. The loan and lease owners demand that you have these coverage plans on your policy so the vehicle will be taken care of properly. The auto loan will not be approved if you refuse to carry them on your policy.

The time think about not carrying comprehensive and collision is when your vehicle no longer has a worthy cash value. It may end up that you pay more to carry these insurances than what you would get back.