Best Full Coverage Car Insurance Rates

Full coverage car insurance is a term thrown around far too loosely. Many car insurance companies will offer full coverage car insurance, but there isn’t anything “full” about it.

How exactly should you define full coverage car insurance? And why is it so critical to have it as a consumer? It doesn’t need to be a scary concept, as long as you know how to define it and what to shop for in the market.

What is full coverage car insurance?

The concept of full coverage insurance is essentially a combination of many types of car insurance coverages under one policy. What is full coverage insurance? It is a combination of everything from liability coverage to coverage over the damage to your vehicle, and more.

Know your car insurance 101 — the basic coverages you should care about and you’ll be a more educated shopper. Some of the types of car insurance coverages that are part of a full coverage car insurance policy include:

• Liability coverage. Inclusive of both bodily injury liability and property damage liability, liability coverage would pay for property damage or injuries to another individual as a result of an accident where you are at fault.
• Comprehensive coverage. The comprehensive coverage type will repair or replace your vehicle due to damage from a loss that was not a collision. Examples include if the vehicle was stolen or damage is done to it while parked.
• Collision coverage. This coverage will repair or replace your vehicle following a car accident or collision. 
• Medical payments coverage and personal injury protection (PIP). This would cover the medical payments you are responsible for as a result of an accident.
• Uninsured and underinsured motorist (UM/UIM) coverage. If you are not at fault for an accident, but the other party is uninsured or lacks adequate insurance coverage, UM/UIM coverage kicks in.
• Rental reimbursement coverage. This would reimburse you for the need to acquire a rental car following an accident.

The difference between liability only and full coverage is a full coverage car insurance policy will include all of these coverage options under one comprehensive insurance policy, providing you widespread coverage for a variety of scenarios. Full coverage car insurance works the same as any other policy, but it pays out for more perils than a regular, liability-only policy. 

How much does full coverage car insurance cost?

Full coverage car insurance costs will vary widely depending on the car insurance company you choose. The average cost of full coverage car insurance per year is $1,655.  

Most of the major players in the car insurance industry will offer full coverage auto insurance. There are certain companies known to offer it at a more value-added premium. These include Geico, State Farm, as well as USAA. To determine how much full coverage insurance will cost you, you need to compare quote offerings.

The cost of full coverage car insurance also depends on the state you live in. States may require you to carry minimum policy limits, impacting your premium. If you live in a state with a high minimum limit for something like personal injury protection (PIP) coverage, that could increase your rates.

Who needs full coverage car insurance?

The ideal driver profile for full coverage auto insurance is effectively everyone who owns and drives a vehicle. Insurance Information Institute data shows that the most frequent type of claims are collision claims, followed by comprehensive, with liability lagging a long way behind. This highlights the value of extensive insurance for your car, truck, or SUV. 

The great thing about the way full coverage car insurance works is that you are protected in a much wider range of scenarios. You could accidentally cause damage to property or another individual, posing a need for liability coverage. You could have a collision with another vehicle, sparking the need for collision coverage. A tree could even fall and hit your car, prompting comprehensive coverage to kick in.

The goal with a full coverage car insurance policy is to try and cover every scenario that could go wrong with your automobile. It should provide you with peace of mind that, no matter the accident type, you have coverage to take care of any relevant losses.

How to get the best full coverage car insurance?

If you think you are a candidate for full coverage auto insurance, seek out a quote today. 

Check the price point of affordable full coverage car insurance and compare it to your existing, less-extensive auto insurance policy. The likely outcome is that the relatively small price of the extra insurance for your car will be outweighed by the extensive protection enhancements and peace of mind the policy provides.

The best full coverage insurance offers a balance of extensive coverage and affordability. 

Case Studies: Best Full Coverage Car Insurance Rates

Case Study 1: John’s Comprehensive Coverage Saves the Day

John, a full coverage car insurance policyholder, experienced a significant incident when a tree fell on his car during a storm. Thanks to his comprehensive coverage, his insurance company covered the costs of repairing the damages, providing him with the peace of mind he needed during this unexpected event.

Case Study 2: Maria’s Liability Coverage Protects Her Finances

Maria, another full coverage car insurance policyholder, accidentally caused a multi-vehicle collision. Her liability coverage proved invaluable in covering the property damage and medical expenses of the other parties involved. Without the comprehensive coverage she had, Maria would have faced substantial financial liability.

Case Study 3: Robert’s Collision Coverage Provides Repair Assistance

Robert’s vehicle was involved in a collision with another car. As a full coverage car insurance policyholder, he was relieved to have collision coverage. His insurance company paid for the repairs to his vehicle, allowing him to get back on the road without significant out-of-pocket expenses.