How to Know If You Should Get Full Coverage Auto Insurance to Meet Your Needs

Are you someone who always goes for the cheapest auto insurance available? That may not be the wisest idea. Sure, it’s great to be able to say you got the "best deal out there." However, you might end up regretting this later on if the unexpected happens, and you have to pay out of pocket for damages or replacement. This should be discussed with an agent at Commonwealth Insurance Center, serving the greater Williamsburg, VA area. 

What Is Full Coverage Auto Insurance?

This can mean different things for each person and each insurance company. It’s best to read all the details of an auto insurance policy before you sign up for it. 

Almost all of these policies feature the following types of protection:

  • Liability is what covers any damages that are determined to be your fault in an accident. This includes the vehicle itself and any medical expenses of the people who were inside the automobile at the time. Most often, maximum limits for liability insurance are $500,000 total for an accident, $100,000 for the other vehicle, and $250,000 for that vehicle’s driver and passengers.
  • Collision insurance covers the damage that’s done to your vehicle, as well as any injuries you and your passengers have as a result of an accident that’s deemed to be your fault. The insurance company should pay for everything besides a deductible of about $100-500 that you have to pay out of pocket.
  • Comprehensive insurance covers other types of damages to your automobile that occur when you’re not driving it. This includes natural disasters such as tornados, and damages arising from vandalism. It also may cover the cost of replacing your stolen vehicle. 

Why Get Full Coverage?

If you own your automobile outright but will not be able to replace it yourself if it’s stolen or damaged enough to need a replacement, full coverage is essential. If you’re someone who does a lot of driving, it makes good sense to have the full coverage in place if you have a car that’s worth a lot of money. If you are still making car payments, you’ll be required to have full coverage auto insurance.

Be sure to talk to a professional about this matter and anything else you aren’t sure of when it comes to auto insurance. Reach out to the team at Commonwealth Insurance Center of the Williamsburg, VA area for assistance right away.