Honda CRV drivers can benefit from several policy types offered by Freeway Insurance, including state minimum liability and full coverage.
Full coverage provides greater financial protection in case of an accident than state minimum liability coverage. It consists of liability, collision, and comprehensive insurance.
In an at-fault accident, liability helps pay for third parties or other drivers’ vehicle damage, and medical bills. It does not include a deductible, but your insurance company covers all expenses up to your liability limit. For example, if you are a California driver and the property damage from an accident costs $28,000, a minimum liability policy will only cover $5,000, with the remaining $23,000 paid by you out-of-pocket.
In turn, collision pays for collision-related damages. Comprehensive insurance covers damages to things outside your control, such as theft, falling objects, and natural disasters.
We recommend that you discuss your options with an agent, including coverage exclusions.
State Minimum Liability
Every U.S. state requires that its drivers carry minimum liability limits for bodily injury and property damage liability coverage.
Bodily injury and property damage liability limits help pay for costs to third parties after an at-fault accident, including medical expenses and vehicle repairs. Often, damages can easily exceed your chosen liability limits. In that case, you would be personally liable to pay for out-of-pocket costs.
We recommend increasing your liability limits to as much as possible. For example, a 100/300/100 policy offers greater peace of mind than California’s minimum liability limits of 15/30/5 and Texas’ 30/60/25.
Outside of liability, collision, and comprehensive insurance, your state may require one or more of the following types of coverage: underinsured/uninsured motorist coverage (UIM/UM), medical payments (MedPay), and personal injury protection (PIP).
Additional Optional Coverage
In addition to choosing full or minimum, drivers can pick from a variety of optional packages that offer a more complete policy. Some of these include: