Full Coverage Auto Insurance Explained

full coverage auto insurance
How many times have you heard the phrase full coverage auto insurance? It’s thrown around so often, it can be hard to tell what it really means. If you ask your friends or family members, you’ll likely get several different answers about what full coverage auto insurance even refers to!

If you’re in the market for an auto insurance policy, full coverage insurance may be your best bet when it comes to protecting your assets in the event of an accident. When you’re trying to decide whether or not to purchase full coverage auto insurance, it can be difficult to decide what the best course of action is for your situation. After all, there are many different kinds of full coverage auto insurance, each with its own set of pros and cons. Fortunately, when you look at the facts surrounding full coverage auto insurance, it’s easy to see why so many people have chosen this approach in their auto insurance purchases over the years.

To make things easier, here’s the real scoop on full coverage auto insurance to clear up any confusion.

what is full coverage auto insurance?

Full coverage auto insurance includes three levels of coverage: liability, collision and comprehensive. Liability insurance will protect you if you’re at fault in an accident and pay for damages or injuries you cause to another person or vehicle. Collision covers damage to your car from an accident with another car, tree, rock wall or anything else that might be lying around on a road.

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What Does Full Coverage Auto Insurance Cover?

full coverage auto insurance
full coverage auto insurance

Full coverage car insurance is an insurance policy that covers all of your expenses after an accident. It usually includes three key features: Liability: If you’re found to be at fault for a crash, liability coverage will help cover any damage or injuries you may have caused. In most states, liability insurance must be at least $25,000 for one person and $50,000 for multiple people injured in a crash. Comprehensive is protection against theft, fire and other things that could happen. Again, with these two coverages, we’re talking about physical damage to your vehicle, not personal injury claims. And don’t forget: You still need some sort of medical payment or personal injury protection if someone injures themselves as a result of an accident caused by you and they want compensation for their medical bills – even if it wasn’t your fault!

Why Do I Need Full Coverage Auto Insurance?

You should have full coverage auto insurance for a number of reasons. First, your car is likely your second-most valuable possession (after your home), so you want to ensure that you are protected financially in case of an accident. Second, if you are ever at fault in an accident—or even if you are not—you can expect to be sued by those who were involved and didn’t have full coverage auto insurance; otherwise, they would not be able to recoup their losses.

Which Companies Offer Full Coverage Auto Insurance Policies?

insurance companies that offer full coverage policies are Geico, Progressive, State Farm, Farmers, Allstate and Liberty Mutual. Whether you drive a new car or an old car, it’s important to have full coverage auto insurance so you can protect yourself against any damage or injury sustained in an accident. You should also have uninsured motorist coverage so if another driver causes a wreck but has no liability insurance, your injuries will be covered by your own policy.

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If you are shopping around for full coverage auto insurance, make sure you are dealing with a reputable company. Check out review sites online to see what other customers have said about them. This can help steer you in the right direction when it comes to choosing a company that offers full coverage at affordable rates.