Freeway Insurance is ready to present various auto coverage options for you, including full and state minimum liability.
Full coverage offers substantially greater protections over a state minimum liability policy, most notably with the inclusion of comprehensive and collision. Both insurance types protect you against various scenarios, such as vehicle-to-object collisions and theft.
Some leasing and financing companies require that you carry a full policy to preserve their vehicle’s value better.
Full coverage generally costs hundreds of dollars more per year than minimum liability. That said, it is well worth the cost. Remember to evaluate your liability limits as well. Property damage liability in some states can be as low as $15,000, which is well below the average cost of a new vehicle.
Do not let a car accident force you to pay out of pocket for expenses and affect your monthly budget for years to come.
State Minimum Liability
All drivers must carry state minimum liability with required limits for bodily injury per person, bodily injury per accident, and property damage per accident. This type of coverage pays for injuries and property damage caused to others as well as any legal defense fees you may incur in case of lawsuits.
For example, suppose you drive a Chevrolet Equinox in California. In that case, you must carry a minimum 15/30/5 policy, or $15,000 in bodily injury per person, $30,000 in bodily injury per accident, and 5,000 in property damage liability.
Note that state minimum liability excludes miscellaneous items like uninsured motorist, personal injury protection, gap coverage, rental car reimbursement, and medical payments (MedPay).