Top Cheapest Full Coverage Auto Insurance Quotes
You know you have to have auto insurance, but you may not realize the difference between full coverage and liability. Full coverage auto insurance is a policy that will cover not only liability lawsuit expenses resulting from an automobile accident but also any costs for repairs and your medical expenses. It will also protect you should you be involved in an auto accident with an uninsured or underinsured driver. But to find an affordable policy, you need full coverage auto insurance quotes.
This type of policy can be obtained on a long-term basis or even month-to-month. There are options available in your price range. Increasing your deductible lowers your monthly costs, but should you ever need to exercise your policy, you will be responsible for more of the costs out of pocket.In the event that you need your full coverage policy, you should contact the police department so that an official report can be filed. This will be extremely useful when filing your insurance claim. When you call in to make a claim, you will want to supply the agent with as much information as possible, but the specific location, date and time of the incident are the most critical pieces of information you need.
If you do not own your car-that is, if you are still making payments on it-then you definitely want full coverage insurance. In fact, the lending company who granted your car loan insists that you procure this type of coverage on your car.
Everyone wants to protect their new car from nicks, pings, and damage. You park farther away from other cars to avoid having people scrape the side of your car with their car door. You drive a bit more carefully and slowly.
When you have a loan out on your car, it would be disastrous to incur damages that made the car unable to drive-or worse yet, totaled the car that you couldn't cover yourself. Yet most people do not have that kind of cash lying around and as a society, we're dependent upon our vehicles. We need them to get through the course of our day. So, sustaining damage to our cars that render us essentially without transportation would be nothing short of a tragedy. Full coverage auto insurance protects car owners against this situation by ensuring that any damage will be covered.
Full coverage auto policies are not cheap, but you can find affordable options. But you have to know where to look. There are websites that will allow you to compare rates and coverage from several companies. You can line up one company against another and see how they stack up.
It is important to compare prices because they can vary widely. Failure to research and compare prices can cost you significantly. Full coverage auto insurance policies come in a variety of prices so it pays the consumer to investigate the prices of auto insurance companies.
Where to Get the Cheapest Full Coverage Car Insurance?
Looking for full coverage auto insurance quotes? Want to get the most coverage for the least amount of money? Here's how ...
Full Coverage Auto Insurance
Full coverage auto insurance pays for medical expenses, repair costs, and liability lawsuit expenses when you're involved in an automobile accident. It also pays for expenses if you're hit by an uninsured or underinsured driver. Here are the various coverages you should have and how you can save money on them.
Liability insurance pays for claims made against you, plus your legal fees if you injure or kill someone. It also pays for claims made against you when you damage someone else's property.
Imagine what would happen if someone won, say, a $500,000 lawsuit against you? Would you be able to pay it? Probably not. That's why liability insurance is so important.
If you don't own a lot of personal property you may want to carry the minimum liability insurance your state requires. If you do own a lot, then you'll want to increase it to cover your assets.
Personal Injury Protection Insurance
PIP pays medical expenses for you and your passengers when you have an accident. It also pays for you and your family's medical expenses if you're in another car.
If you have medical insurance you may want to skip this coverage. But if you don't, or if you live in a high-accident area, then you should purchase it.
Collision and Comprehensive Insurance
Collision coverage pays for damage to your car from an accident no matter who was at fault. Comprehensive coverage pays for damage to your car from fire, theft, vandalism, storms, etc.
To save money on collision and comprehensive coverage you'll want to get the highest deductible you can afford to pay. If you drive an older car that's worth less than your annual premium plus your deductible, consider dropping these coverages.
Uninsured Motorist Insurance
Uninsured motorist insurance pays for medical expenses and property repairs caused by an uninsured, underinsured, or hit-and-run driver. This is good coverage to carry, especially if you live in states that have a large number of uninsured drivers like Alabama, Arizona, California, Mississippi, and New Mexico.
To recap key questions and answers:
What is full coverage car insurance?
“Full coverage” generally refers to policies that include collision and comprehensive insurance — which actually cover very specific risks — in addition to liability insurance.
Where can I buy full coverage car insurance?
Full coverage is commonly available from any auto insurance company; Geico came out the cheapest in our study of rates.
Full coverage is commonly available from any auto insurance company. We looked at average prices from the four largest car insurers for a policy that includes liability, collision, comprehensive, uninsured motorist bodily injury coverage and other state-required coverages where needed. State Farm was the cheapest option, on average.
Article Source: http://EzineArticles.com/494754, http://EzineArticles.com/5642298, https://www.nerdwallet.com/blog/insurance/car-insurance-basics/cheap-full-coverage-insurance/