What is full coverage car insurance?
What most drivers and insurance agents refer to as full coverage is a car insurance policy that includes state-mandated car insurance coverages (this usually is bodily injury liability and property damage liability but also may include uninsured motorist and personal injury protection), along with physical damage coverages of collision and comprehensive.
Bodily injury liability covers other people s medical costs for injuries and death for which you are responsible. Property damage liability covers you if your car damages someone else s property. These coverages come with maximum limits that you choose at the inception of your policy.
Liability coverages don t protect your car in any way, so that is why you purchase physical damage coverages.
Collision insurance covers damage to your automobile caused by a collision with another object or by upset. Comprehensive insurance covers damage to your vehicle for damages caused by things other than collision, such as vandalism, theft, fire, flooding, hail or glass breakage.
Most lienholders require physical damage coverage if you are financing or leasing your vehicle. These coverages each come with a deductible, an amount due before your insurance benefits kick in.
Whatever car insurance coverages you have are subject to the guidelines and terms of your policy, especially with regard to the payment of claims. It is important to note that the term full coverage can be misleading, as no insurance policy covers every possible situation that could damage your car or cause injuries while in a car.
Learn more about the various types of coverages that you can get on your car insurance policy, including medical ones such as personal injury protection and medical payments, by reading through our types of car insurance page.
If you want to see how much it will cost to add collision coverage or the cost of adding comprehensive insurance to protect your vehicle, then get started with car insurance quotes and comparison shop the price of your policy with and without these coverages.
How much does full coverage car insurance cost?
The term full coverage is also used to refer to liability limits beyond the state minimum liability insurance required to drive legally. Usually full coverage is considered to have the following:
- Full coverage liability of $100,000 per person injured in an accident you cause, up to $300,000 per accident, and $100,000 for property damage you cause, with a $500 deductible for comprehensive and collision. This is commonly written as 100/300/100.
The chart shows average annual rates for full coverage of 100/300/100 as outlined above. Enter your state in the search field in the chart below to see the average rate for where you live, as well as the highest and lowest rate fielded from major insurers. You’ll see that you can save by comparing rates, as insurers price policies according to their unique risk assessment calculations.