Full Coverage Auto Insurance

Full coverage auto insurance is mandatory for some and optional for others. It can give you the assurance of knowing that if something did go wrong, then it wouldn’t be the end of the world financially for you and your family. There are costs and benefits to purchasing full auto insurance coverage and it will all depend on your monetary situation. What is considered full coverage? When you are fully covered you will have bodily injury liability, property damage liability, under insured motorist bodily injury, and under insured motorist property damage, comprehensive, and collision.

Bodily injury liability will cover damages for people that are hurt by you (when it’s your fault) and result in costly injuries. Cost that will be covered by this liability insurance are medical bills, wages that are lost by injury, and pain and suffering coverage. Every driver is required by law to have this type of insurance. You have to make sure to evaluate your situation as too little liability insurance will result in your assets and wages being garnished if you your limits do not cover the damages caused by you to another person. There are two numbers that make up bodily injury liability. The first number is what the insurance company will pay to a single person that is injured by you and the second number is the amount paid for a single occurrence that happens where multiple people are injured.

Property damage liability covers damages that are caused by you to other people’s property. Property can be automobiles, trees, buildings, signs, basically, anything that is legally owned by another person. Just like bodily injury liability, make sure you have enough coverage as your assets or earnings can be garnished if your limits do not cover the loss that is incurred by the injured party.

Uninsured motorist insurance will cover injuries that are incurred when an uninsured motorist causes injury or death to you. It will also cover costs when a person has insurance but their limits do not cover all of your damages.

Comprehensive car insurance will pay damages that are caused by weather elements such as fire, hail, wind, flooding, or animal damage. Make sure to read through your policy to determine what exactly is covered by your comprehensive insurance plan. This coverage is optional for people who own their cars and might be mandatory if you finance or lease your vehicle. Instead of limits, you will have to decide what type of deductible you want to pay. The higher the deductible the cheaper your full coverage auto insurance will be.

Collision is another optional car insurance that will cover damages caused by objects or vehicles hitting and damaging your car. Some things that will be covered are car repairs, towing, and if your car is totaled, then the insurance company will pay for the current value of your car. Just like comprehensive car insurance, you will have to pay a deductible before the insurance will cover the rest. You might want to get a low deductible if you have determined that repairs on your car will be substantial every time your car is damaged. Also, just like comprehensive car insurance, you might have to purchase this car insurance if you have financed your vehicle through a bank or dealer.

You can get full coverage auto insurance quotes directly from the car insurance company’s website. I got my policy from GEICO as it was the cheapest at the time.