Average Cost Of Full Coverage Car Insurance

What is Full Coverage Car Insurance?

Full coverage car insurance refers to a policy that provides both liability and comprehensive coverage. It is a comprehensive car insurance policy that includes both liability and collision coverage. Liability insurance covers damage to other people’s property, including other cars, as well as bodily injury, if you are at fault in an accident. Collision coverage, on the other hand, pays for damage to your own car, regardless of fault. It also covers theft, fire and vandalism.

How Much Does Full Coverage Car Insurance Cost?

The cost of full coverage car insurance varies from company to company, but on average it can cost around $1,500 or more per year. The cost of full coverage car insurance is determined by a variety of factors, including your age, driving history, the type of car you drive, and where you live. Generally speaking, the younger you are, the more you will pay for car insurance. Similarly, the more accidents and speeding tickets you have on your record, the higher your premiums will be. The type of car you drive will also affect your rates – the more expensive the car, the more it will cost to insure it. Location is another factor – if you live in an area with more crime or traffic, you can expect to pay higher premiums.

How To Lower Your Premiums

There are a few ways to lower your premiums for full coverage car insurance. One of the best ways is to shop around and compare rates from different companies. Different companies may have different rates for the same policy, so it pays to do your research and get the best deal. You can also look into discounts that may be available, such as a good driver discount, a multi-car discount, or a discount for having safety devices installed in your car. Additionally, you can consider raising your deductible, which will lower your premiums.

What Is Not Covered By Full Coverage Insurance?

Full coverage car insurance does not cover any damage caused by normal wear and tear, nor does it cover damage caused by an act of nature such as a flood or an earthquake. It also doesn’t cover any damage caused by an animal, such as a deer. Additionally, full coverage car insurance doesn’t cover any damage to your car if you use it for illegal activities, or if you drive under the influence of drugs or alcohol.

Conclusion

Full coverage car insurance is a comprehensive policy that provides both liability and collision coverage. It can cost around $1,500 or more per year, but there are ways to lower your premiums, such as shopping around and comparing rates and looking into discounts. However, full coverage car insurance does not cover normal wear and tear, damage caused by an act of nature, or damage caused by an animal. Additionally, it doesn’t cover any damage caused by illegal activities or driving under the influence.