Choosing which coverage is right for you and your budget does not have to be a chore. At Freeway, we can help you decide what is best for you and then find a variety of options from different carriers for you.
A full coverage policy includes comprehensive and collision insurance, plus whatever liability your state requires. Many leasing and financing companies require you to take out a full policy, as it better protects their vehicle.
Both types imply a deductible — a term that refers to the amount you are expected to pay for a claim before your policy covers the rest. Each policy has a set deductible which can be increased or decreased, along with liability limits.
State minimum liability covers damages for third parties — bodily injury and property damage.
Every state has its minimum liability requirements. For example, California drivers must have $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.
However, if you drive in a no-fault state, such as Kansas, your requirements will include $25,000/$50,000 for bodily injury per person/accident; $25,000 in property damage; $25,000/$50,000 uninsured motorist; and $4,500 in PIP.
Increase Your Protection with Higher Limits and Additional Coverages
Remember to go for higher liability limits. Many states have property damage liability minimums in the $20,000 range, which barely covers the cost of a new vehicle if you are at fault for an accident that totals someone else’s car. A 100/300/100 policy or greater policy makes the most sense.
You can also choose optional coverages that afford greater protection, such as: