Freeway Insurance offers several types of policies, including but not limited to state minimum liability and full coverage insurance.
Full coverage consists of a comprehensive and collision insurance policy, which offers protection against a broader range of scenarios. This provides first-party benefits for you regardless of who is at fault in an accident. Unlike liability-only policies, which benefit third parties only, full coverage helps protect you a little more.
Generally, full coverage costs much more than minimum liability policies, thanks to these additional benefits.
We highly recommend full rather than state minimum liability policies. Each state’s mandated limits may come well short of the average cost of a new vehicle — not good enough for a total loss to be covered. Also, remember that most leasing and financing companies require you to raise your liability limits to higher levels to preserve their vehicle’s value better.
Keep in mind that full coverage does not include roadside assistance, new car replacement, gap coverage, or rental car reimbursement. You can add these optional types of coverage as needed to fit your circumstances.
State Minimum Liability
All drivers must carry at least the state minimum liability policy with third-party benefits for bodily injury and property damage.
Every state has its requirements related to minimum liability. For example, Louisiana requires that all drivers carry a minimum 15/30/15 policy, or $15,000 for bodily injury liability to one person, $30,000 for bodily injury liability to more than one person in a single accident, and $25,000 for property damage liability.
A state minimum liability policy may require you to go out of pocket to pay for expenses. After you pay your deductible, your insurer will kick in and cover the rest up to your policy limits.
If you are caught driving your Chevy without a state minimum liability policy, expect your driver’s license and registration to be suspended on top of fines and administrative fees. Your driver’s license and registration will be returned to you as soon as proof of insurance is provided, barring some exceptions.