Insurance Insights
September 7, 2021

Do I Need Full Coverage Auto Insurance?

Keep Your Car Protected

If you drive a car in New York State, you already have some form of auto insurance coverage. But not every insurance plan is made equal, and there can sometimes be gaps in your coverage. That’s why almost every driver can benefit from a full coverage auto insurance plan. Full coverage can help you protect your car and yourself from nearly every form of accident or damage. It’s often the difference between dealing with a big repair bill and having total peace of mind when you’re driving. Even if you have a comprehensive plan, almost everyone can benefit from full coverage auto insurance.

1. What Is Full Coverage Auto Insurance?

While many people may think they have a full coverage auto insurance plan, most end up with basic liability auto insurance plans. If you’re leasing a new car or purchasing a used car, this usually includes bodily injury liability and property damage liability. This is often the absolute bare minimum auto insurance coverage required. However, the other end of the auto insurance spectrum involves much more comprehensive coverage. Full coverage auto insurance starts with the basic state-required liability coverage and builds on it to include a variety of other protections. There is no catch-all insurance product known as “full coverage”, the term is instead used to describe additional coverages that can make your plan more than comprehensive.

2. Necessary Coverages

If you want to drive a car in New York State, you need to have auto liability insurance coverage. This “bare minimum” plan needs to include three main types of coverage:

  1. No-Fault (with Personal Injury Protection) – No-fault auto insurance laws require every driver to file a claim with their own insurance company after an accident, no matter who was at fault. Since New York State mandates no-fault coverage, you must also include a Personal Injury Protection coverage to your plan, which covers the costs of injuries you sustain in a crash, regardless of fault.
  2. Liability – Liability coverage pays for property damage and/or injuries to another person caused by an accident in which you’re at fault.
  3. Uninsured Motorists – Uninsured motorist insurance protects you if you’re in an accident with an at-fault driver who doesn’t carry liability insurance. Underinsured motorist coverage can also help if you’re in an accident with an at-fault driver whose liability limits are too low to cover the damages incurred to your vehicle or person.

Before you start anywhere with your full coverage plan, you’ll want to find the right rates to fit your budget while keeping you fully protected – and that means consulting with a qualified agency.

3. What to Include

Once you’ve got your required coverages set, it’s time to start considering which additional coverages you need to round out your plan. While each full coverage auto insurance plan is different, most plan packages contain these forms of coverages:

  • Collision – Collision insurance covers damage after your vehicle is involved in a crash with either another vehicle or a fixed structure. This could include you crashing into another driver’s car, driving into stationary objects, either by driver error or hazardous conditions, etc.
  • Comprehensive – Comprehensive insurance covers damage to your vehicle resulting from acts completely out of your control, or damages that are not strictly related to driving. This could be anything from damage caused by weather, including hail or falling trees, vandalism, theft, or hitting an animal on the road.
  • Medical Payments – Medical payments insurance covers expenses related to vehicular accidents and covers you and any passengers in your vehicle or any pedestrians you may injure.

4. Added Coverages

There are also a handful of helpful supplemental coverages you can add to your full coverage auto insurance plan. While these might not seem as crucial as the coverages listed above, they’re often nice to have and can make sense for many people. Coverages such as towing & labor (which usually covers the cost of towing your car to a repair shop and covers a specified amount of repair/labor costs) or supplemental spousal (covers the liability of an insured because of death of, or injury to, his or her spouse up to the liability insurance limits provided under the policy) can protect you further, depending on your circumstances.

5. Get the Best Rate

It can be tricky to take all the available insurance info out there and find a full coverage auto plan that works for you. Our knowledgeable agents are available to help every client keep their cars and livelihoods protected in the busy driving season. Get in touch with us today to discuss your options.

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