Demystifying Auto Insurance: Full Coverage vs. Liability Auto Insurance
As you embark on your journey for auto insurance, a common question you’ll encounter will be about your preferred level of insurance coverage. It’s completely normal if you’re unsure. This decision can be pretty challenging. Luckily, the insurance agents at Precision Insurance Team servicing Mesa, AZ, are always ready to assist.
We extend a wide gamut of insurance products from diverse carriers and are committed to helping you navigate the intricate process of obtaining insurance. We’re here to answer your questions, making your insurance choice less daunting. With that said, let’s dive into understanding auto insurance.
Liability Auto Insurance vs. Full Coverage
Liability auto insurance shoulders the cost to repair the other vehicle if you’re found at fault in an auto accident. It’s worth noting that liability auto insurance is a legal requirement to drive, although the extent of coverage varies from state to state.
On the other hand, full coverage auto insurance facilitates coverage for other vehicles and provides many other protections. For instance, full coverage auto insurance will finance your vehicle’s repair following an accident, even if you’re deemed at fault. This comprehensive insurance also often covers roadside assistance.
The Right Choice for You
If you’re in the process of buying a vehicle and securing a car loan, your lender will likely require you to obtain full coverage or comprehensive auto insurance. However, if there’s no mandate for you to get this coverage, you may want to ask yourself the following questions:
- What’s the market value of my car?
- Am I financially able to repair my car if it gets damaged?
The insurance agents at Precision Insurance Team servicing Mesa, AZ, can guide you through these considerations as you select the best coverage for your needs.