After years of saving and borrowing my mom’s car, I’m going to buy my self my first car finally! Now, I’m doing some research about auto insurance here in Texas. I came across property damage and physical damage, aren’t those two the same?
Nick
Houston, TX
Congratulations on buying your first car!
Going back to your question, property damage and physical damage are both types of auto insurance coverage and they differ from each other. Let me just give you an explanation of those to give you a clearer understanding.
Property damage coverage is a kind of auto insurance coverage that pays for the damages you have caused to another party’s vehicle or property. Deductible is not offered on that kind of coverage.
On the other hand, physical damage coverage refers to collision and comprehensive coverage. Collision coverage pays for the damage on your car if it collided with another property or vehicle or object. Meanwhile, comprehensive covers you for the damage incurred on your car because of non-vehicular related accident like hail, fire, theft, vandalism etc. In general, these coverages have different deductibles.
For more information, you could seek the help of your auto insurance agent in Texas to better help you in getting cheap auto insurance rates.