Full coverage car insurance explained – Insurance for your car is no longer an option: it’s a necessity! For many, full insurance seems like the best option. However, what is full coverage car insurance?
Do you really need this service? See the following post and understand!
What is full coverage car insurance and what does it cover?
Car insurance exists based on a simple principle: this service prevents its users from having major financial losses.
Your insurance may pay for car repairs or hospital expenses in car accidents. Thus, there are many categories of insurance.
These are distinguished by the number of situations for which they offer financial coverage. The most basic insurance can finance repairs and hospital costs for a victim of an accident caused by you.
Others may cover damage to your own car from uninsured drivers.
In addition, some insurances offer coverage even for collisions that do not involve victims other than you (strikes against poles or trees, for example).
In all states, drivers are required by law to take out some of these types of insurance. However, there is an insurance category that offers most of these services.
Plus, it offers event coverage that no other category does. These are full-coverage car insurance.
In addition to covering most accidents, this type of insurance offers coverage in weather phenomena or beyond our control. Check out a list of them below:
- Running over an animal while driving;
- Weather events (blizzards, storms, lightning, cyclones, floods, earthquakes, and others).
What is the difference between liability and full coverage car insurance?
Liability and full coverage are two different types of car insurance policies.
In effect, these provide different levels of protection for you and your vehicle. Liability insurance typically covers damage or injury that you may cause to others.
In addition, you can cover data owned by others in the event of an accident in which you are at fault. It is mandatory in most states.
Liability insurance generally does not cover damage to your vehicle or medical expenses. On the other hand, full coverage insurance is a more comprehensive policy.
Thus, it includes liability insurance and coverage for your vehicle, among other situations. They are usually more expensive.
How much does full coverage car insurance cost?
Usually, once we answer the question “What is full coverage car insurance?” we hear questions like “how much does it cost?”
Well, to respond in the best way, we made a comparison between the major companies that offer this service.
In addition, we surveyed each state so that you have a clear idea of where it is more expensive or cheaper to have this service.
Considering the top 6 brands in the insurance market, the average full-coverage car insurance is $1,616 (monthly).
Brands like Geico often offer this service at the lowest cost for civilians ($1,268 monthly).
USAA offers the best price on the market. However, this company offers car insurance services to military personnel and their families.
Considering the amount paid in each state, the average cost for this service is approximately $1,521. The state with the lowest full-coverage car insurance cost is Maine ($963 per month).
On the other hand, the most expensive state to have this service is Louisiana ($2,762 per month).
However, even if you find the lowest price, you will still pay approximately triple the minimum coverage insurance. All values presented in this topic are rough estimates.
Do you need full coverage car insurance?
As you’ve just seen, full coverage car insurance is an extremely expensive service. As this is not a service required by law in any US state, it is up to you to decide whether to hire it.
According to experts, there are some conditions in which it may be advantageous to have this service. Discover them below:
- You just bought a new or expensive car and:
- Travel in heavy traffic;
- Lives in an area with high theft rates;
- Lives in an area with a high risk of collision with animals;
- Your state has a history of extreme weather events.
- You don’t have enough emergency reserves to repair or replace your car in case of theft or an accident.
You still have to buy the value of your car and the insurance costs. In some cases, investing so much money to guarantee a good that can lose its value so quickly is totally unfeasible.
How to choose the right car insurance policy for you?
Now, you already know what full coverage car insurance is. Regardless of whether you have decided whether or not you need this service, you still need to know how to choose the best coverage for your car.
After all, if you have a car, by law, you need insurance. Below, check out the main tips that can make your choice extremely simple.
Determine what type of coverage you need
Start by determining the minimum coverage required by law in your state, then consider whether you need additional coverage.
What about the insurer?
Review the insurer’s reputation for customer service. To do this, check online reviews and ratings to see how your customers perceive them.
Always ask for discounts
Ask about available discounts. Indeed, these can help you save a lot of money. carinsurancecheap.net offers great discounts such as good driver, good student, safety features, anti-theft, multi-vehicle, multi-policy, senior, online purchases, and many more.
Get quotes from multiple insurers to compare prices and coverage options. For this, you can use an online comparison tool.
This service lets you consult dozens or hundreds of creditors simultaneously with just a few clicks.
Finally, remember: car insurance is not something you should skimp on. Ensure you have adequate coverage to protect yourself in an accident or emergency.
Now it is time for you to look for the best car insurance for you! Remember all those tips to help you in your search. Good luck!