Freeway Insurance is ready to help you explore several auto insurance options, including but not limited to state minimum liability and full coverage.
In short, state minimum liability only provides third-party benefits (covering the cost of damages and injuries sustained by others in an at-fault accident you cause), as opposed to full coverage, which offers third and first-party benefits like collision and comprehensive.
We are big fans of full coverage over state minimum liability policies.
They provide greater protection with a combination of one or more of liability, collision, and comprehensive insurance to protect against a broader range of scenarios, such as theft, vandalism, vehicle-to-vehicle collisions, and non-accident-related damages thanks to theft, vandalism, and falling tree limbs.
Although not required in most states, add-ons to your policy may include roadside assistance, rental car reimbursement, medical payments (MedPay), and uninsured/underinsured motorist coverage.
Keep in mind that these add-ons are not part of a full coverage package. Instead, they are optional coverages in some states and mandatory ones in others. Only liability, collision, and comprehensive form a full policy.
State Minimum Liability
All Chevrolet Traverse drivers must carry an auto insurance policy, which may consist of state minimum liability with third-party benefits in the form of bodily injury and property damage liability.
Every state has minimum mandated liability limits. For example, Illinois requires that all drivers carry the following:
- Bodily Injury Liability: $25,000 per person injured in an accident and $50,000 total per accident for injuries to multiple people
- Property Damage Liability: $20,000 per accident for damage to another person’s property
- Uninsured Motorist Coverage: $25,000 per person and $50,000 per accident
However, there are some drawbacks to state minimum liability coverage, including insufficient coverage limits, personal liability for expenses beyond coverage limits, and no protection for your vehicle. Remember, in most states, it only offers third-party benefits, not first-party benefits like collision and comprehensive.