Are you currently only carrying the minimum amount of car insurance for your vehicle? While you might be on the right side of the law, you will not be feeling right about anything if you get into an accident that will not be covered by your insurance. Here's why you should opt for full coverage auto insurance instead of only going for the bare minimum.
Collision Coverage for an Accident
Your state may require you to cover a small amount of liability insurance in case of an accident. This type of insurance might payout if you cause bodily injury or property damage to another party, for example. Collision coverage is not typically required but it's extremely important for anyone with a car they want to keep for a while. This is the type of coverage that pays out if you get in an accident and your vehicle is damaged. If you damage a newer car in an accident without collision coverage, you are putting your investment into the vehicle at serious risk.
Comprehensive Coverage for Other Incidents
Collision coverage typically covers accidents out on the road but there are all kinds of other situations that could happen that might not be covered by this type of insurance. Comprehensive coverage can take care of these other issues like a broken window from theft or if your parked car is hit by someone when you are not behind the wheel.
Full Coverage Offers Peace of Mind
In order to drive legally in your state, you will need a minimum amount of coverage which typically includes some type of liability insurance against bodily injury or property damage. Terms vary by state. But if you want peace of mind while driving, you really need to consider a policy that offers full coverage. Carrying collision coverage protects you financially after an accident on the road and comprehensive coverage protects you from a variety of other incidents. It's true that as your car gets older, you might want to consider raising your deductible on collision and comprehensive coverage, but in general, you shouldn't drop these types of coverages completely if you want to be able to get into your vehicle with confidence and a feeling of security about the road ahead.
If it's been some time since you've compared auto insurance coverage, get a new full coverage quote today and compare it against your current provider. Reach out to a local full-coverage auto insurance company for more information.