Auto Insurance Quotes Online Information
Many car owners avoid buying full coverage policies because they think they are too expensive. Or they’ve checked with their current carrier and were intimidated by a pricey quote.
But you’ll be surprised how affordable full coverage auto insurance can be. Auto insurance carriers are eager to sign up new customers, so competition is fierce to offer prices that are attractive.
FULL COVERAGE AUTO INSURANCE
Full coverage auto insurance generally refers to policies that include collision and comprehensive insurance — which actually cover very specific risks — in addition to liability insurance.
If you finance your car, your lender might require you to buy full coverage auto insurance. Aside from that, comprehensive and collision are optional, although some insurers don’t let you add one without the other.
Comprehensive and collision coverage are particularly sound investments if:
- have a new or expensive car.
- regularly commute in heavy traffic.
- live in a place with extreme weather, high car theft rates or a high risk of animal collisions.
However, the older your vehicle and the lower its value, the less benefit there is to having full coverage.
Full Coverage Auto Insurance Limits
When you buy a full coverage auto insurance policy, you and your insurer will settle on the payout limits for the individual parts of the policy. Usually, a policy has separate limits for medical bills, repair bills and collision/ comprehensive coverage, so it is important to know all of them. Limits can range from $10,000 to $300,000, but there are always limits.
For example, if you have a $50,000 limit on your personal injury liability coverage but you cause injuries totaling $150,000 in an accident, you will end up paying $100,000 out of pocket. To protect yourself better, you can select higher limits, but this will, of course, also raise your monthly premiums.
Full Coverage Auto Insurance Deductibles
Also be aware that during any insurance settlement you will also need to pay the deductible. Thus, no matter how high your insurance limits are, you will still be liable for the predetermined deductible you and your insurer agreed on.
Affordable insurance coverage options include:
Auto insurance liability coverage
Liability insurance coverage covers bodily injury to others and property damage to others if you are at fault in an accident. Bodily injury pays others' medical costs and lost wages subject to policy coverage provisions and limits. Liability coverage can also pay for your legal expenses if a lawsuit is brought against you due to an accident.
Collision coverage helps pay for damage to your vehicle if you hit another vehicle, another vehicle hits you, or your vehicle rolls over. Collision coverage can be a required part of your car insurance coverage if your vehicle is financed or leased.
Uninsured or underinsured motorist coverage
Even with full coverage, there are other policy options you might need. For example, uninsured motorist protection, towing and labor service, and medical payments insurance all provide coverage that collision and comprehensive won’t.
Uninsured or underinsured motorist coverage helps pay for damages to your vehicle if it is damaged in an accident by an underinsured, uninsured or unidentified driver. Uninsured or underinsured motorist coverage also helps pay your medical costs and your passengers' medical costs if an accident caused by an uninsured or underinsured driver results in injury.
This car insurance coverage may also pay for lost wages and other damages. Auto coverage varies from state to state and is required in some states.
Medical payment coverage
If you are injured in an accident, medical payment coverage can help pay for your medical expenses.
When used together, comprehensive and collision coverage are great ways to protect your vehicle. Comprehensive coverage may cover damage to your vehicle not caused by collision.
Additional types of insurance coverage
Designed to protect you against the unexpected, these coverage options include roadside assistance if your car breaks down, towing and labor if you're stranded and rental reimbursement to cover the cost of a rental car while your vehicle is in the shop for accident-related repairs.
How Much Average Cost for Full Coverage Car Insurance
According to the Insurance Information Institute, the USA average for a full coverage policy is $70.10 per month*. However, how much a full coverage policy will cost you will most likely vary quite a bit above or below the average depending on many factors.
The driver always plays an important role in establishing the price of a policy. Insurance companies will always try to determine how much of a risk you are, i.e. how likely you are to be involved in an accident where they would have to pay. They will look closely at your driving history. DUIs, speeding tickets and previous accidents are sure to increase your premium significantly. Other factors such as your age, gender, experience, the make of your car and where you live also play a role based on statistics of drivers that fit your description.
These additional variables mean that you and a friend can go to the same company and buy the same full coverage auto insurance policy with the same services on it and your premiums will be different. This makes it difficult to establish the true price of a policy without getting a full quote.
In order to find the company offering the best deal, the important thing is to get as many quotes as possible for the same level of coverage.