About Full Coverage Auto Insurance
Last Updated on October 14, 2019
A lot of our customers at NewYorkMotorInsurance.com are looking for full coverage auto insurance packages. When they come to us and ask us how they can get cheap full coverage car insurance, we tell them bluntly:
“Actually there is no such thing as full coverage when it comes to auto insurance. There is always something that won’t be covered.”
You may have heard the term “full coverage” being thrown around when it comes to auto insurance. Sometimes, even insurance agents and brokers will use this term to try and entice you to buy an insurance policy. The fact is, there is no generally accepted definition of what full coverage auto insurance is. It’s quite blurred and varies from insurer to insurer. The reason for this is that what may be considered “full coverage” to one insurance provider might be the bare minimum to another.
For example –
Insurance Company A sells only liability, collision, and comprehensive coverage. If you buy a full coverage policy from them, you will only get liability, collision, and comprehensive coverage.
Insurance Company B offers liability, collision, comprehensive, medical, uninsured motorist, and underinsured motorist coverage. If you buy a full coverage policy from B, you will get all these coverages.
This is why we let our clients know that you can’t trust the claim of being fully insured. One company’s full coverage is another company’s 50%. When it comes to auto insurance, you need to fully understand what you are getting (and certainly make sure you meet your state’s minimum requirements).
What Is Full Coverage Car Insurance?
With that being said, when you hear the term “full coverage” in regards to car insurance, what are they most likely referring to? Chances are, they are talking about a car insurance policy that includes collision coverage, comprehensive coverage, liability coverage, and whatever else your state requires by law.
To recap, let’s take a look at what these types of auto insurance coverage are:
Auto liability insurance will cover damages you cause to other vehicles and property if you are ever involved in an accident. It’s especially important to have liability coverage because accident-related costs can really add up. In New York, for example, the following is required for liability insurance:
- $25,000 per person / 50,000 per accident for injury (BIL)
- $50,000 per person / 100,000 per accident for death (BIL)
- $10,000 for property damage caused by any one accident (PDL)
As liability coverage will protect the other driver and his/her vehicle, collision coverage will protect yours. If you are ever in an accident, collision coverage will pay for damages that your car sustains.
Comprehensive coverage usually takes care of damages that aren’t related to accidents. These can include but are not limited to theft, vandalism, natural disasters, etc. If you live in a place with lots of crime, or maybe in a hurricane/earthquake/flood zone, you need to strongly consider this type of coverage.
More Information About Coverage Types
More likely than not, if you have these three types of coverage, you will be covered for just about everything that could happen on the road. But because we don’t want to mislead you, you need to realize that there are always unforeseen things that could pop up that you would not be covered for. This is why “full coverage” auto insurance technically does not exist.
How Can You Get Cheap Auto Insurance With Enough Coverage?
If you want to be safe on the road and protected from most of the things that could happen to you, you need to shop around and get quotes from multiple providers. First, educate yourself with the types of insurance coverage you need, next, learn about which insurance companies are the most reputable. Once you have done your due diligence, it’s time to get covered!
To begin, enter your zip code at the top of this page, we will then present you with quotes from the top insurance providers in your area. Whether you need an insurance policy with collision, liability, comprehensive, medical payments, uninsured/underinsured motorist, etc. coverages, or you simply need the bare minimums for your state, we got you covered! After filling out our brief two-page form, you will be given the best rates possible for you and your family.