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Advantages of Full Coverage Auto Insurance

By Compuquotes Team on March 27th, 2008
Auto Insurance

While many people assume they carry full coverage auto insurance senselessly, that is not necessarily the case. There are many different advantages associated with carrying full coverage auto insurance. The following paragraphs will discuss some of the advantages associated with full coverage auto insurance, as well as discuss some of the reasons you should consider carrying it.

If you think about it, there isn't really such a thing as actual "FULL" coverage. This is just a term used in insurance to refer to any physical damage coverage caused in an automobile accident. This physical damage coverage most often consists of comprehensive, as well as collision coverage. Comprehensive insurance usually covers any damages to your automobile due to vandalism, glass breakage, or theft. Collision insurance will generally cover any damage to your automobile due to a collision with any other object. Together, these policies are known as full coverage auto insurance.

In most states, if you are leasing or purchasing a vehicle, full coverage insurance is required. This way, any damage to the car, which is yet to be completely paid for, will be covered by insurance. This helps the finance company, or bank, insure they are not going to suffer a loss. While laws do vary from state to state, most states do share this law.

With some full coverage auto insurance policies, there are many different advantages associated. Some of these benefits can include:

discount on combined policies (ex. home and auto)
country-wide claim service
24 hour road-side assistance programs
legal representation for accident claims

Other common benefits include full value replacement coverage costs, as well as a disappearing collision deductible.

Carrying full coverage auto insurance could never be a mistake. Can you imagine wrecking your car, and having to foot the bill yourself? What if the person at fault does not have insurance? With any full coverage insurance plan, a provision can be added. This is an "un-insured motorist" clause, which states your damages are covered, even if the person at fault is un-insured at the time of the accident.

With simple liability insurance, you can also purchase this extra provision, however, with liability insurance alone, your vehicle damages will not be covered. If you are at fault in the accident, and you do not have full coverage auto insurance, you will be responsible to pay for your own expenses incurred in the accident. However, the expenses to the other driver, and his vehicle, will be covered.

On the other hand, if you have full coverage auto insurance, you do not have to have this worry. With the right policy, all of your expenses would be covered in the event of an accident. This includes any medical expenses incurred by you or the other driver.

If you are a licensed driver, and you value your automobile, you should consider purchasing full coverage auto insurance. It is not a senseless act, it is a smart move.

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