{"id":7942,"date":"2025-01-23T05:01:06","date_gmt":"2025-01-23T05:01:06","guid":{"rendered":"https:\/\/youset.ca\/?p=7942"},"modified":"2026-03-16T12:11:39","modified_gmt":"2026-03-16T12:11:39","slug":"all-perils-vs-collision-vs-comprehensive-coverage","status":"publish","type":"post","link":"https:\/\/youset.ca\/en\/blog\/all-perils-vs-collision-vs-comprehensive-coverage\/","title":{"rendered":"All Perils, Collision, and Comprehensive: What\u2019s the Difference?"},"content":{"rendered":"\n

Five years ago, the <\/span>average price of a used car<\/span><\/a> was $18,900. Today, that figure now sits at $35,754. Meanwhile, new cars, which <\/span>averaged $45,255 in 2019<\/span><\/a>, now cost an average of $66,979. <\/span><\/p>\n\n\n\n

That’s a significant investment, one that\u2019s vulnerable to a wide range of risks, whether you’re on the road or parked \u201csafely\u201d in your driveway. Given the high stakes, protecting your vehicle makes sense, and one way to do that is with all perils coverage.<\/span> <\/p>\n\n\n\n

In this article, you\u2019ll learn about what all perils coverage is<\/a>, what it covers, and how it\u2019s different from collision and comprehensive coverage. We\u2019ll also provide a list of important questions to ask yourself so you can decide for yourself whether or not it’s actually<\/em> worth it. <\/span><\/p>\n\n\n\n\t

\n\t\t
\n\t\t\t\t\t\t\t

Key takeaways<\/h3>\n\t\t\t\t\t\t\t\t\t\t

All-perils coverage is an optional type of car insurance that combines collision and comprehensive coverage into one package. It offers the broadest protection in Canada, covering damage to your vehicle from accidents you cause and from external risks beyond your control, such as theft, vandalism, or severe weathe<\/span><\/p>\n<\/div>\n\t\t\t\t\t<\/div>\n\t<\/section>\n\n\n\n\n\n\n\n\n\n\n

What is all perils coverage?<\/h2>\n\n\n\n

All perils coverage is an optional type of car insurance coverage<\/a> that combines the benefits of collision and comprehensive coverage into one package. Essentially, its purpose is to protect your vehicle from the damage you can do to it and the risks posed by external factors that are outside your control such as theft, vandalism, and extreme weather. <\/span> <\/p>\n\n\n\n

As the most extensive type of coverage available in Canada, it generally comes with a higher price tag. However, the added cost is justified by some drivers for the peace of mind it provides, as it can help reduce out-of-pocket expenses for repairs or vehicle replacement following unexpected collisions or incidents. <\/span> <\/p>\n\n\n\n

That said, it\u2019s important to note that \u201call perils\u201d does not equate to unlimited coverage. \u201cDespite the name, all perils coverage still comes with standard exclusions,\u201d says Channelle Cote, an AMF- and RIBO-licensed insurance broker at YouSet. \u201cIt\u2019s broader than collision or comprehensive, but it doesn\u2019t cover everything.\u201d <\/p>\n\n\n\n

Standard exclusions, such as wear and tear and intentional damage, apply to most policies. You may also find that not all insurance providers offer it; instead, they may opt to keep comprehensive and collision coverage separate so that you have greater flexibility to customize your policy.<\/span><\/p>\n\n\n\n

What does all perils coverage cover?<\/h2>\n\n\n\n

All perils coverage combines the risks typically addressed separately by collision and comprehensive coverage, protecting you against a wide range of events that could damage or lead to the total loss of your vehicle. While the exact list may vary by insurer, all perils coverage generally covers everything offered by both, including: <\/span><\/p>\n\n\n\n