RAM 1500 drivers can benefit from multiple options, including state minimum liability and full coverage. If your truck is new, you might consider gap coverage, which will pay the difference between your truck’s value and your loan balance if your pickup is stolen or totaled.
Full coverage provides drivers third-party benefits with bodily liability injury and property damage and first-party benefits for repairs to your vehicle, regardless of fault.
Full policies typically include collision and comprehensive coverage. Keep in mind that full coverage does not cover all possible scenarios. For example, it does not include normal wear and tear, stolen personal belongings, or optional selections such as roadside assistance or rental car reimbursement.
State Minimum Liability
State minimum liability refers to each state’s minimum required bodily injury and property damage limits. These liability-only policies cover third-party benefits due to an accident you cause up to maximum specified limits. For example, California mandates a 25/50/5 policy, requiring 25,000 per person for bodily injury liability, $50,000 per accident for bodily injury liability, and $5,000 per action for property damage viability.
Property damage liability covers the cost of repairing damage or replacing entire vehicles belonging to third parties.
As you can tell, the property damage liability for California is minimal. However, the average price of a new vehicle is nearly eight times that figure. Therefore, purchasing a policy above the liability limits is recommended. A 100/300/100 policy may be an excellent place to start and offers greater peace of mind in the event of an accident.