Freeway Insurance can provide you with several cheap car insurance options, including minimum liability and full coverage, plus more.
This is a policy that includes liability, comprehensive, and collision insurance. Collision pays for damages to your vehicle resulting from collisions with another car or object, including the cost of repairs minus your deductible.
In turn, comprehensive coverage covers damage to things outside your control, such as broken windshields, vehicle theft, falling objects, and vandalism. Given the risk comprehensive coverage typically costs much less than collision coverage.
We highly recommend a full coverage policy over a state minimum liability policy. If leasing your vehicle, your finance company may also require you to have a full coverage policy with minimum liability limits to better preserve the value of their cars post-lease.
State Minimum Liability
All drivers must carry minimum liability limits in adherence to each state’s laws.
Also referred to as liability coverage, this policy helps pay for costs incurred by other drivers to pay for injuries and property damage up to its limits. It consists of bodily injury liability coverage and property damage liability coverage.
Bodily injury liability coverage pays for medical expenses, lost income, and potential funeral arrangements. In contrast, property damage liability pays for vehicle repairs, court defense costs, and other damages which you were determined to be at fault for.
We strongly recommend carrying higher coverage limits than your state requires. If the damages you are responsible for exceed your policy’s liability limits, expect to pay out-of-pocket costs or be sued. Defaulting on out-of-pocket expenses could lead to garnished wages and asset liens.