Full Coverage Auto Insurance vs. Liability Insurance
Posted by: info | October 23, 2006
A lot of people shopping for auto insurance don’t understand if they need full coverage or liability insurance. You should first ask yourself if you had a total loss to your car would you be able to make it from scratch? If so liability may be a good option since it is cheaper than full coverage. Most finance companies will require you to purchase full coverage insurance. This will provide a security blanket for any damages to your automobile. Full coverage would protect you in the event of an accident, natural disasters, windshields, theft and uninsured motorist. Liability insurance is only designed to protect you in an at fault accident to pay for the loss of damages you made. The insurance company would not pay for damages to your car, therefore you risk loosing a lot of money on repairs. We use and recommend you pay for full coverage insurance, uninsured motorist protection and pay the highest amounts of coverages you can afford without damaging your budget. In a lot of cases you can buy 10-20k more than the state requires for a few dollars a month.
Posted in: Insurance, General |
3 Responses to “Full Coverage Auto Insurance vs. Liability Insurance”
Comments
You must be logged in to post a comment.
July 4th, 2007 at
Full coverage is always the best route to take. Unless you have a car that you don’t care about.
July 17th, 2007 at
Everybody should have at least the minimum amount of coverage required by the state.
August 2nd, 2007 at
Full coverage isn’t right for me. My cars are too old and the insurance increases aren’t worth it.