Full Coverage Sample Quote: Rating Factors

Full Coverage Sample Quote: Insurance Rate Factors

Discounts Applied to this Full Coverage Sample Quote:

Additional Notes: This person only did not want automatic payments.

Disclaimer: The purpose of this page is to showcase an estimate of what insurance may cost an individual with these products and/or circumstances. This is based on a real Full Coverage sample quote.

What Is Full Coverage?

“Full coverage auto insurance” is a term used to describe a car insurance policy that includes both liability coverage and physical damage coverage as shown in this full coverage sample quote.

Liability coverage helps pay for damages or injuries caused to other people or their property when the policyholder is at fault in an accident. It typically includes two types of coverage: Bodily Injury Liability and Property Damage Liability.

Physical damage coverage includes two types of coverage: Collision Coverage and Comprehensive Coverage. Collision Coverage helps pay for damages to the policyholder’s vehicle caused by a collision with another vehicle or object, while Comprehensive Coverage helps pay for damages to the policyholder’s vehicle caused by non-collision events, such as theft, vandalism, or natural disasters.

Although “full coverage” is often used to describe a policy that includes liability coverage and physical damage coverage, it’s important to note that no insurance policy can cover every possible risk or scenario. Additional coverage options may be available, such as uninsured/underinsured motorist coverage or roadside assistance, and policyholders should carefully review their policy to understand what is covered and what is not.

Is Full Coverage Always Needed?

“Full coverage” auto insurance is not always needed, as the level of coverage required can vary depending on several factors, including the value of the car, the driver’s level of risk, and the driver’s personal preferences.

For example, liability coverage is usually required by law in most states, but the minimum coverage limits may be low and may not be enough to fully cover damages in the event of an accident. In this case, drivers may choose to increase their liability coverage limits to ensure they are adequately protected.

Physical damage coverage, such as Collision and Comprehensive coverage, is not required by law in most states, but it may be required by the lender if the car is financed or leased. In other cases, drivers may choose to purchase physical damage coverage to protect their own vehicle in case of an accident or other covered event.

Ultimately, the decision of how much coverage to purchase is up to the individual driver, and they should carefully consider their own situation, including their budget, the value of their vehicle, and their level of risk tolerance, when choosing their coverage limits. It’s always a good idea to speak with an insurance agent or broker to get personalized advice on the right level of coverage for your individual needs.

Though this vehicle is older, the insured chose to have full coverage, that is why this is a full coverage sample quote.