Chevrolet Camaro drivers can benefit from many types of auto insurance policies, including but not limited to state minimum liability and full coverage.
Full coverage refers to policies that include several different types of protections, including liability, collision, and comprehensive policies.
Liability provides third-party benefits (pays for damages and injuries sustained by others in an accident you cause) versus collision and comprehensive, which pay for damages to your vehicle caused by collision and non-collision related events like rollovers, theft, vandalism, and natural disasters.
One may include optional add-ons like uninsured/underinsured motorist, medical payments (MedPay), gap, roadside assistance, and rental car reimbursement.
State Minimum Liability
State minimum liability refers to the minimum coverage required for all drivers in your state. It covers bodily injury and property damages sustained by other passengers in an accident you cause.
State minimum liability is expressed as three numbers, e.g., New Jersey’s 15/30/5, which translates to $15,000 in bodily injury liability per person, $30,000 in bodily injury liability per accident, and $5,000 in property damage liability per accident.
Remember that state minimum liability is often insufficient to pay for all damages and injuries, even with minor fender benders. For example, a single fender bender can cause $35,000 worth of property damage, well above New Jersey’s $5,000 property damage liability minimum, so a higher liability limit policy (e.g., 100/300/100) is recommended.