4 Questions About Full Coverage Auto Insurance
Are you currently shopping around for auto insurance and are interested in getting full coverage so that you are protected? If so, you likely have some questions before you sign up for a policy.
What Is Full Coverage Auto Insurance?
Full coverage auto insurance is not a specific type of insurance you buy. Instead, it is a combination of multiple policies that give you complete protection if something were to happen to your vehicle. Full coverage auto insurance typically means having liability insurance, comprehensive coverage, collision coverage, and underinsured and uninsured motorist coverage. Liability coverage is what pays for the injuries caused to other people in an accident. Collision coverage will pay for the repairs to your own vehicle, and comprehensive coverage is for accidents that do not involve a collision.
Why Do You Need Full Coverage Auto Insurance?
Everyone is required to have a certain amount of auto insurance according to state laws, which may cause you to wonder why you even need full coverage auto insurance. The minimum requirements for auto insurance only pay for damages that someone else causes to you and your vehicle, and not for damages that you cause. In addition, minimum requirements do not cover the accidents where you cannot sue another person, such as theft, vandalism, or hitting an animal.
Think that you can just sue the driver for the damages? That is not always the case either. If the responsible driver doesn't have insurance, assets, income, or anything else that can be taken from them, then taking them to court won't do much good. That's where insurance comes in to help pay for the damages.
Will You Still Pay A Deductible With Full Coverage Auto Insurance?
Even though you have all the coverage you need to protect you and your vehicle, know that the policy also comes with a high premium. In addition, you are still responsible for paying a deductible when you use your auto insurance. You can opt for a high or low deductible, which will lower or raise your premium payment respectively.
What Other Types Of Coverage Should You Look For?
Know that full coverage auto insurance is not the same with each insurance provider. That's why it helps to look at the additional features that the insurance has that make it beneficial over another policy. For example, some insurance providers will extend their insurance policy to a rental car to ensure that you are protected as well. Some policies also have coverage that pays for any rental vehicle you need while your car is being repaired.
For more info about full coverage car insurance, contact a local company.
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