Collision vs Comprehensive Auto Insurance in Prince Edward Island
Collision and comprehensive are optional physical-damage coverages under the PEI standard automobile product. They protect against different causes of damage to the insured vehicle and should be compared separately from mandatory DCPD.
What to know
Confirm the current PEI policy, legislation or IRAC decision before applying this point to a personal situation.
Confirm the current PEI policy, legislation or IRAC decision before applying this point to a personal situation.
Confirm the current PEI policy, legislation or IRAC decision before applying this point to a personal situation.
Confirm the current PEI policy, legislation or IRAC decision before applying this point to a personal situation.
Do not use 'full coverage' as a technical term
A useful comparison lists liability, DCPD, accident benefits, uninsured automobile, collision, comprehensive, deductibles and endorsements separately. The phrase 'full coverage' can hide material differences between policies.
Vehicle value changes the deductible decision
As a vehicle ages, the relationship among annual premium, deductible and likely settlement value becomes more important. Compare the actual numbers instead of assuming every older vehicle needs the same physical-damage package.
Weather and theft remain relevant on an island market
Comprehensive protects against a different set of causes than collision. The useful question is whether the listed causes, exclusions and deductible match the vehicle's exposure and value.
Verify the current PEI rule
Insurance legislation, approved rates and policy wording can change. Use the primary source below when making a purchase, renewal or claim decision.
Prince Edward Island — Automobile Insurance / Standard Policy →