There are many types of car insurance and one option may be the most affordable – full coverage. Full coverage policies usually include collision and comprehensive coverage, rental reimbursement, and emergency roadside assistance. Full coverage can provide a significant amount of protection, especially if you drive a high-value vehicle or are paying off your car. Although a minimum liability insurance policy may save you a few bucks in the short term, it can result in thousands of dollars in damages if you or another motorist is at fault in an accident.
While most states have a minimum liability coverage requirement, most companies offer full coverage, which allows you to choose what you want from collision, comprehensive, and emergency road assistance. The cost of collision and comprehensive coverage varies by insurer, but you can often choose a higher deductible if you drive safely. Comprehensive coverage is more expensive than liability insurance, but it may be a good option for those who can’t afford deductibles.
You can also consider increasing your deductible. Insurers will typically pay up to $750 of medical expenses in an accident involving a driver with low liability coverage. This coverage can be especially valuable if the other driver’s insurance limit is low. However, this can leave you with unpaid bills after a costly car accident. Additionally, medical payments coverage covers you for all medical expenses, regardless of fault. This covers expenses such as ambulance rides, X-rays, and surgery. Some states do not offer medical payments coverage, though.