Yakima residents pay an average monthly premium of $123 for full coverage, which is lower than the state average of $109 and significantly lower than the national average of $140. The state-minimum liability coverage averages $40 per month, the same as the state and lower than the national average of $47.
What is the Difference Between Full Coverage and Minimum Liability in Washington?
One offers much more protection if you are involved in a wreck or if your car is damaged even when you aren’t driving. The other provides basic third-party liability if you cause an accident. Let’s take a closer look.
With full coverage, you get the benefit of adding collision and comprehensive to your liability policy. This means if your car is damaged in an accident and the other driver’s insurance isn’t enough to cover all your repairs, your collision will kick in to take care of the remainder. If your vehicle is stolen, damaged in a hail or wind storm, vandalized or otherwise harmed when you aren’t behind the wheel, your comprehensive will help pay for the costs.
If you finance your vehicle, it technically still belongs to the lender until it is paid off. This is why many lenders require you to carry full coverage.
Liability only is a combination of bodily injury/death coverage (BI) and property damage insurance (PD). You’ll never see your liability kick in unless you are found to be at fault in an accident. Then your liability will help pay for the other drivers’ injuries and damages. Your liability will never pay anything toward your own injuries and damages.
If you choose to carry only the minimum, it’s a good idea to increase the amounts so that you won’t be sued if you total someone’s new car in a wreck. Consult with an independent agent to find the best coverage for you.