Ejiros
Active member
Why do I need full coverage auto insurance? That is a question I get a lot, it´s really just a simple question that requires an easy answer. What I mean by full coverage is that the insurance company should cover all your damages, losses, and liabilities in case you have an accident with your vehicle. No matter what kind of vehicle you drive, if your vehicle is not fully covered, you will end up paying for the damages out of your own pocket. This can be devastating to those who have a mortgage or any other financial obligation attached to their vehicle.
So what kinds of incidents are covered by full coverage policy? First off, any physical damages or injuries to you or anyone else that happens in an accident will be paid for by the policy. Depending on the company, this could mean medical payments, property damage coverage, or any other deductible you may have. Depending on how much coverage you have in place, the amount of your deductible will also depend upon the company you go with.
With full coverage car insurance, the company will also cover your passengers in case they are injured in the accident as well. The deductible only applies to the driver of the vehicle. If the driver of the vehicle has no insurance or poor insurance, then the passengers will be responsible for the entire cost of the damages. For example, if you have a $500 deductible, and the person you hit has a cheaper deductible of just $200, then you will end up paying the difference out of pocket.
So now that you know what your policy covers, what about your liability limits and deductibles? Liability limits are the maximum amount the company will pay out if you are found at fault for a collision. For cars, the higher the deductibles, the lower your premiums will be. In addition, the lower your deductibles are, the higher your premiums will be. Liability coverage varies greatly by company. Some offer minimal limits while others offer very high limits.
Now that you know what your car insurance coverage consists of, what about your driving record? Most companies recommend that you carry no more than a 3-year driving history with no points on it. If you have 3 points or less on your record, you can still get full coverage car insurance. Just make sure you get a good rate. In fact, if you can, it is a good idea to get a good online quote for your new full-coverage policy to make sure you are getting the best price available.
When you consider all of this, you may start to realize that it would take a lot of money to keep your car on the road without having it covered. Insurance is not only for damage. There are many types of coverage you can purchase depending on what the state you live in requires. You can also purchase uninsured motorist protection, which will cover the costs if you were to get in an accident with another driver who has no insurance or low enough coverage to cover the damages to your vehicle. That is one of the main reasons why it is so important to keep a clean driving record.
So what kinds of incidents are covered by full coverage policy? First off, any physical damages or injuries to you or anyone else that happens in an accident will be paid for by the policy. Depending on the company, this could mean medical payments, property damage coverage, or any other deductible you may have. Depending on how much coverage you have in place, the amount of your deductible will also depend upon the company you go with.
With full coverage car insurance, the company will also cover your passengers in case they are injured in the accident as well. The deductible only applies to the driver of the vehicle. If the driver of the vehicle has no insurance or poor insurance, then the passengers will be responsible for the entire cost of the damages. For example, if you have a $500 deductible, and the person you hit has a cheaper deductible of just $200, then you will end up paying the difference out of pocket.
So now that you know what your policy covers, what about your liability limits and deductibles? Liability limits are the maximum amount the company will pay out if you are found at fault for a collision. For cars, the higher the deductibles, the lower your premiums will be. In addition, the lower your deductibles are, the higher your premiums will be. Liability coverage varies greatly by company. Some offer minimal limits while others offer very high limits.
Now that you know what your car insurance coverage consists of, what about your driving record? Most companies recommend that you carry no more than a 3-year driving history with no points on it. If you have 3 points or less on your record, you can still get full coverage car insurance. Just make sure you get a good rate. In fact, if you can, it is a good idea to get a good online quote for your new full-coverage policy to make sure you are getting the best price available.
When you consider all of this, you may start to realize that it would take a lot of money to keep your car on the road without having it covered. Insurance is not only for damage. There are many types of coverage you can purchase depending on what the state you live in requires. You can also purchase uninsured motorist protection, which will cover the costs if you were to get in an accident with another driver who has no insurance or low enough coverage to cover the damages to your vehicle. That is one of the main reasons why it is so important to keep a clean driving record.
