All states require drivers to have some form of minimum liability coverage. If you have a basic policy, it should be at least the state-required minimum liability to cover physical injuries and property damage if you cause a crash.
A full coverage policy lists these amounts and also includes comprehensive and collision protection. This covers your costs if your pickup is damaged, even when the wreck is your fault or when you aren’t driving, such as hail damage or theft.
Minimum liability policies are cheaper than full coverage but have very specific limitations. If you cause a crash that physically hurts the other driver and any passengers involved, including those riding with you, your policy will pay the up to the amount your policy specifies for medical costs — and that’s it. You have to pay for the rest out of pocket.
A full-coverage auto policy combines liability, comprehensive, and collision. This protects you financially if you cause a crash or if something outside of your control happens to your truck.
Say you’re pulling out of a grocery store parking lot in your pickup and accidentally rear-end the SUV ahead of you. Since there was no visible oncoming traffic, you thought the SUV’s driver was going to quickly turn onto the avenue, but they didn’t, abruptly hitting the brake to avoid crashing into one lone, oncoming car you couldn’t see. Now, you’re responsible for this fender bender.
The liability part of a full coverage policy helps takes care of any injury or damage claims the SUV’s driver files, regardless of whether the crash was a mere tap on the back bumper or a more impactful hit.
Collision coverage would kick in if the circumstances were reversed — the other driver rear-ends you and they have no insurance – or maybe not enough to cover your full repair bill. In that case, your policy covers your costs and losses.
Comprehensive coverage takes care of damages that aren’t related to a crash. If your midsize pickup is vandalized, stolen or is damaged in a weather event, your insurer will pay for repairs.
State Minimum Liability
All states require drivers to have minimum liability coverage that meets specific monetary amounts to help cover injuries and damages sustained by others involved in a crash you cause.
Requirements vary by state. Florida, for example, is a no-fault state, so in addition to having $10,000 to cover property damage, a basic policy must include $10,000 in personal injury protection.