What Is Auto Full Coverage Insurance?

Auto full coverage insurance is a type of policy that provides the most extensive protection to the insured. It is typically the most expensive type of auto insurance policy you can buy. This type of policy is typically purchased by those who have a loan on their car and want to make sure they are completely covered in the event of an accident or other loss. The policy may also be purchased by those who are willing to pay a little extra for the added protection.

Full coverage auto insurance usually includes liability coverage, which pays for damage and injuries you cause to others in an accident. It also often includes comprehensive coverage, which pays for damage to your car from non-collision events such as fire, theft, or vandalism. In addition, you may be able to purchase collision coverage, which covers damage to your car from an accident. You may also be able to purchase uninsured or underinsured motorist coverage, which pays for damage and injuries caused by an uninsured or underinsured driver.

What Does Auto Full Coverage Insurance Include?

Auto full coverage insurance includes liability coverage, comprehensive coverage, collision coverage, and uninsured or underinsured motorist coverage. Most states require drivers to carry liability coverage, but it is not required to purchase comprehensive and collision coverage. However, if you have a loan on your car, your lender may require you to purchase these types of coverage.

Liability coverage pays for damage and injuries you cause to others in an accident. This includes medical bills, repairs, and pain and suffering. Comprehensive coverage pays for damage to your car from non-collision events such as fire, theft, or vandalism. Collision coverage pays for damage to your car from an accident. Uninsured or underinsured motorist coverage pays for damage and injuries caused by an uninsured or underinsured driver.

How Much Does Auto Full Coverage Insurance Cost?

The cost of auto full coverage insurance will vary depending on a variety of factors, such as your age, driving record, the type of car you drive, and the coverage limits you choose. Generally speaking, full coverage insurance is more expensive than liability-only policies. The exact cost will depend on the insurer and the policy you choose.

When Do I Need Auto Full Coverage?

If you have a loan on your car, you will typically need to purchase full coverage auto insurance. This type of policy ensures that the lender will be able to recoup the money they loaned you if the car is damaged or destroyed. If you do not have a loan on your car, you may still choose to purchase full coverage insurance for added protection. This type of policy will provide you with more extensive coverage than a liability-only policy.

Conclusion

Auto full coverage insurance is a type of policy that provides the most extensive protection to the insured. It typically includes liability coverage, comprehensive coverage, collision coverage, and uninsured or underinsured motorist coverage. The cost of this type of policy will vary depending on a variety of factors, such as your age, driving record, the type of car you drive, and the coverage limits you choose. If you have a loan on your car, you will typically need to purchase full coverage auto insurance. Otherwise, you may choose to purchase this type of policy for added protection.