TLTR: This article explores how and where you can get cheap full coverage car insurance and explains its benefits to you as a car owner.
For most people, owning a car is a necessity…which means having car insurance is a necessity as well. Whether it’s your daily commute or a holiday road trip, all vehicles are vulnerable to unforeseen bad luck. Unfortunately, standard insurance does not cover all the risks drivers face every day.
As per the National Safety Council, the estimated cost of motor-vehicle injuries, deaths, and property damage in 2020 was about $474.4 billion. This statistic alone should make the importance of insurance crystal clear to you.
And if you want the broadest, highest level of coverage possible, you need to get cheap full coverage auto insurance.
What Is Full Coverage Car Insurance?
Full coverage car insurance is a policy that protects your vehicle against everything from liabilities to physical damage to collisions and accidents involving uninsured or underinsured motorists.
In essence, full coverage is the extra amount of coverage you add on top of the mandatory insurance requirements of each state. It ensures financial protection in case something happens to your vehicle during an accident with another driver who does not carry adequate liability coverage.
With cheap full coverage car insurance policies covering all these risks at affordable premiums, it makes perfect sense to opt for it instead of any other standard cheap car insurance or commercial auto insurance plans. While the latter two may cost less initially, it will leave you dangerously financially exposed if anything goes wrong.
Quite simply, buying cheap full coverage car insurance allows you peace of mind.
When Do You Need Full Coverage Car Insurance?
Most drivers are only aware of basic cheap car insurance policies that cover damages to their vehicles caused by other drivers. When you’re considering cheap full coverage car insurance, it’s important to understand what this type of cheap car insurance plan entails and how it can benefit your needs.
Remember that this is a different type of auto policy and not your standard cheap car insurance plan. It will only apply to certain situations. You should consider buying cheap full coverage car insurance when you:
- Own and drive expensive vehicles: Driving an expensive vehicle with a high resale value, such as a Porsche or BMW or any sports car.
- Are a young driver: If you’re under 25, insurers will generally consider you more of a risk than older drivers.
- Own multiple vehicles: If you own several vehicles and one of them gets damaged or stolen in between your standard insurance policy renewals, there’s a good chance that you won’t be covered by your existing coverage.
- Are a commercial driver: Driving can include higher liability risks depending on the company. For example, when transporting hazardous materials such as chemicals and flammable liquids, additional cheap full coverage car insurance will increase financial protection against potential damages resulting from vehicular accidents involving these substances.
Benefits of Cheap Full Coverage Car Insurance
While we have briefly mentioned what full coverage car insurance is all about and when you need it, there’s more you need to know. You should also be familiar with the benefits that it provides for you as an insured.
Ensures That You Are Always Reimbursed
Full coverage car insurance includes liability, collision, and comprehensive coverage. This covers the medical expenses for another driver when you are at fault in an accident. It also pays for the repairs if your car is heavily damaged or totaled. Without this coverage, you would end up paying for the expenses out of your own pocket.
Adds To Your Existing Protection
Your local car insurance is designed to protect you from financial losses due to property damage, vehicle damage, and medical expenses arising from a car accident. It covers expenses for the parties involved other than yourself. With full coverage, you get that protection as well as additional protection which covers your own property, and vehicular and medical expenses.
Covers For Roadside Assistance
While roadside assistance is fairly cheap, there can be situations where you are stranded and such services are a bit more expensive. Full coverage can cover roadside assistance such as towing, fuel delivery, tire changes, and relevant expenses. This is an option provided with full coverage insurance. But you can opt out of this coverage if you have a AAA membership or get roadside assistance from your car manufacturer.
Provides Uninsured/Underinsured Motorist Coverage
It’s possible to get into an accident with a person who is either uninsured or has limited coverage. In such cases, if they are at fault, then you will not get sufficient reimbursement for the damages. With uninsured or underinsured motorist coverage, you will get the necessary protection for damage and injuries.
Is Full Coverage Car Insurance Worth It?
Full coverage car insurance is worth it if you’re looking for an all-round insurance plan. But for many people the price can be off-putting. A full coverage policy is more expensive on average compared to a standard car insurance policy in any given state. According to Nerd Wallet, the 2021 national average cost of full coverage car insurance is $1,592 per year, or about $133 per month.
Despite the price, full coverage is often worth it. For example, if the value of your current vehicle is higher than the cost of the full coverage you’re planning to get, then you would have to pay a lower monthly premium. This means your average monthly expenses will not increase and you will get great protection for your car.
How To Get Cheap Full Coverage Car Insurance?
If you are looking for cheap full coverage car insurance, it’s important to research and compare different quotes. Look into various cheap full coverage auto insurance companies who offer the best deals based on your needs. Before purchasing a new policy, make sure all your questions are answered by an experienced agent.
Here are a few ways to get cheap full coverage car insurance:
Explore Your Options
Shopping around for your insurance policy is always a great idea. Different carriers tend to have varying rates on their coverage plans. Also, based on your needs, some types of coverage can be cheaper or more expensive from carrier to carrier. Make sure to have a handle on what you need covered and cross reference that with what insurance companies are offering.
Maintain A Good Credit Score
Your credit score is considered by insurers when they set policy rates. They use an insurance rating system based on your credit score that helps them decide how likely you may be to make claims on the policy you buy from them. If you have a good credit history, it should improve your insurance score.
Look For Discounts
Discounts aren’t always easy to come by but they are possible to get. One of the ways to secure a good discount on your cheap full coverage car insurance quotes is to bundle your policies. When you opt for insurance bundling, you can get discounts on the overall policy. Also, insurers tend to give discounts to clients who have taken safety driving courses and have a good claims history.
Best Carriers for Cheap Full Coverage Car Insurance in 2023
Finding the right carrier for your cheap full coverage needs can be challenging. If you’re planning to get full coverage car insurance, then here are some of the best carriers as per an analysis by Value Penguin:
State Farm offers customers one of the cheapest full coverage car insurance plans. Their average annual insurance rate totals $1,728, or $145 per month. They also offer some unique add–ons such as rideshare insurance and rental car expenses coverage to their customers.
USAA offers its customers the lowest rates on full coverage insurance at an average monthly rate of $109. One of the great things about them is their low-cost coverage for young drivers. However, USAA only caters to people who have served in the military or have a family member associated with them.
Farm Bureau offers full coverage insurance plans in the same price range as State Farm. Their average monthly insurance rate is $148. They have great perks for their customers such as low mileage discounts (applicable by driving no more than 7,500 miles annually), and student discounts.
Looking For a Full Coverage Car Insurance Agent Near You?
Your vehicle must be adequately protected. We want you to feel safe and in control of your car’s coverage, so we recommend speaking with one of our insurance representatives to learn more about tailoring your full coverage car insurance to your specific needs.
Remember that a good full coverage insurance agent will do more than just sell you a policy. These agents are as unique as the clients they serve. As a result, as a buyer, you must do your homework to find the best agent for your coverage needs.
When you’ve identified a potential full coverage car insurance agent near you with whom you’d like to work, consider the following:
- Find out with which insurance companies they are affiliated.
- Examine the options they provide.
- Spend some time investigating their products and services.
- Examine their customer service records.
- Request references and learn about their working style.
You can rest assured that the agents you find on Agency Height are among the best in the industry and in your area. Because they are knowledgeable and professional, you are not required to take the preceding steps.
Cheap full coverage car insurance is a great way to ensure that your vehicle, its parts. and passengers are protected against any accident or damage you may cause. It protects both property and people involved in an accident due to your negligence.
Finding the right type of full coverage for your needs requires proper understanding of your policy options. Whatever cheap full coverage car insurance you choose, make sure you understand the policy carefully before signing. And don’t hesitate to consult with an insurance agent if you are unsure about something.
Where Can I Find A Full Coverage Car Insurance Agent?
If you’re looking to buy a car, your car company may be able to recommend an agent. It’s worth noting that if you’re getting a car, your car dealership will usually require you to show proof of insurance at or before the purchasing. If time is of the essence, an agent may be of assistance in expediting the process.
You can also use the Agency Height directory to find top full coverage car insurance agents in your area.
Do You Need Insurance to Register a Car?
Most states require car owners to have a minimum liability coverage as per their state to register their car. However, this isn’t mandatory in the states of Arizona, Mississippi, North Dakota, Tennessee, Washington, and Wisconsin.
What Coverages Does Cheap Full Coverage Car Insurance Provide?
Typically, full coverage car insurance includes liability, comprehensive, and collision, depending on state laws and requirements.
But the policy also has the following coverage:
Comprehensive insurance covers injuries and damage to your vehicle that results from:
- Weather damage (including rain, hail, and snow)
- Falling objects (shattered glass, concrete blocks, construction debris)
- Theft and vandalism
- Accidents that involve animals
Collision insurance covers damage when your vehicle is involved in an accident in situations such as:
- Crashes with other vehicles
- Being the victim of a hit-and-run
- Driving into stationary objects such as stop signs or light poles due to error or unfavorable driving situations
Personal injury protection (PIP) covers the medical costs for injuries you sustain in a crash that may or may not be your fault. A PIP claim is paid regardless of who caused the accident.
Uninsured motorist coverage takes care of the cost of property damage and bodily injury in an accident if another driver is at fault and doesn’t have insurance.
Underinsured motorist coverage deals with the expenses due to an accident in which the driver at fault has car insurance, but their insurance limits are insufficient to cover the damages.
Is Full Coverage Insurance Necessary If I Am Financing My Car?
Yes. Your lender or financing company will require some form of financial protection for their investment. They will require you to have collision and comprehensive insurance in case the car is stolen or damaged.
Is Full Coverage Car Insurance Important For a used Car?
Not necessarily. All states except New Hampshire and Virginia require drivers to have a minimum liability insurance as per state laws. While you could opt out of full coverage and get the least amount of coverage that is required by law, you would be open to risks which the minimum coverage might not cover.
February 9th, 2023 · 6 mins read
- What Is Full Coverage Car Insurance?
- When Do You Need Full Coverage Car Insurance?
- Benefits of Cheap Full Coverage Car Insurance
- Is Full Coverage Car Insurance Worth It?
- How To Get Cheap Full Coverage Car Insurance?
- Best Carriers for Cheap Full Coverage Car Insurance in 2023
- Looking For a Full Coverage Car Insurance Agent Near You?
- In Conclusion,
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