Many automobile and car owners do not know that a typical car insurance plan does not fully cover them when they figure in an accident. Standard insurance may pay the expenses of damage to your car as a result of collision, but it will not be the same in all situations.
Drivers have options. Getting full coverage car insurance will cover you in almost all hapless situations that may happen to your car, such as flood, snow, storm, theft, fire and other natural and beyond-your-control disaster.
Full coverage car insurance or coverage is ideal for every car owner, but only few people buy one because it is not required by the law and it is optional.
Full coverage car insurance is a combination of liability and comprehensive coverage plan.
When buying a liability plan, it insures the damage you cause to other people and as well as their property. It will also cover medical expenses of drivers and passengers involved in a crash.
Comprehensive coverage, on the other hand, pays damages for your vehicle due to other circumstances other than collision.
Your full coverage plan allows you to file claims for theft or stolen items in your car. A driver is allowed to insure items in the car with as much as $10,000 theft coverage. In a conventional insurance policy, this is not included.
Full coverage car insurance is more expensive compared to other plans. Adding this kind of policy will increase your premiums considerably.
Buying full coverage is ideal for people who have new expensive cars. The policy also includes replacement for stolen vehicles.
It is also ideal to get full coverage when your geographical location has a high risk of encountering car damage due to weather or other causes. However, if you are confident of your driving performance and your place has low risk of vehicle accident, you may opt for a less expensive plan.
If you are aiming for low premiums with full coverage, you should maintain a good driving record, try not to figure in a car mishap or even get tickets for driving violations since committing traffic violations means additional rates to your policy.
Raising a deductible also helps in getting a good price for full coverage. The higher the deductible, the higher the discounts in premium you will get.
A deductible is the cost you pay for the damage caused by a car accident. The rest of the amount will be paid by your insurance company. Most firms carry $500 deductible. The amount is less substantial if the damages cost thousands of dollars.