If you want the best possible car insurance, it makes sense to go with a “full coverage” policy, right? When most people ask about a full coverage policy, they are referring to an auto insurance package that offers protection from all angles and includes liability insurance, uninsured motorist coverage, underinsured motorist coverage, collision insurance, comprehensive insurance, and more. But did you know there’s really no such thing as a “full coverage” car insurance policy? Luckily, when you work together with one of our knowledgeable local agents, we can combine a variety of different coverage options to create a comprehensive car insurance policy that will fit your needs. Keep reading to learn more.
What Does “Full Coverage” Auto Insurance Mean?
Because full coverage auto insurance isn’t a specific type of policy that you can request from providers, it’s up to you and your insurance agent to combine coverage options. Most states require that all drivers must carry liability insurance coverage, but from there, you may find that there isn’t much else needed to legally drive in many states across the country. So, to better protect yourself, your loved ones, and your vehicle—it’s necessary to invest in additional coverages. Liability insurance is a great starting point because it provides coverage for any injuries or damages you may have caused to another driver when you are found to be at-fault for an accident.
From there, many drivers add collision coverage to their policy to help pay for repairs to their vehicles. Comprehensive coverage is another great optional coverage, as it can be used to pay for repairs or even replace your vehicle if it is stolen or damaged in a covered event like vandalism, inclement weather, or an animal collision.
Uninsured and Underinsured Motorist Coverage
While they are only required in 19 states and the District of Columbia, uninsured motorist coverage (UI) and underinsured motorist coverage (UIM) is often considered to be essential coverage options for those who are interested in total insurance protection. Designed to help make sure that you can cover the cost of medical expenses if you are hit by another driver who doesn’t have liability insurance or simply has too little liability coverage to pay for your medical costs, these additional insurance coverages can prove to be extremely important. Uninsured motorist coverage can also be purchased for property damage, helping to cover the cost of damages caused to your vehicle or personal property when another driver is found to be at-fault for an accident.
How Much Does It Cost?
Prices for a “full coverage” policy can vary greatly by state and from driver to driver. But on average, policyholders can expect to pay about twice as much more than they would for a policy that only covers the state minimum requirements. However, that shouldn’t be a deterrent from investing in a more comprehensive policy. Especially when you consider how many people are driving without any insurance coverage at all.