It’s a fact that nearly every Arizona driver is aware of: liability insurance is a state requirement, but full coverage is not. Yet, most insured drivers choose to maintain full coverage on their vehicles despite not being required to. There are many reasons a person may choose full coverage instead of a bare minimum policy. Do you know the difference between the two? Furthermore, do you know what full coverage does and does not include? Continue reading as we explain what you can really expect from a full coverage policy.
Defining Full Coverage Auto Insurance
Technically, full coverage is not an actual insurance product. Instead, it is a label used to describe two different types of coverage – comprehensive and collision – when they are combined together under a single policy. These two types of coverage provide physical damage protection for your vehicle. You pay a pre-set deductible when you file a claim, and your insurance company helps cover the cost of vehicle repairs or replacement. Together, comprehensive and collision insurance cover damages from a wide range of perils, examples of which include:
- Natural disasters
- Falling objects
- Wild animals
- And more
The term ‘full coverage’ can be very misleading for those who assume that it provides the maximum coverage available. In reality, a person with full coverage can still have large gaps in their coverage – sometimes without knowing it. That’s why it is important to know exactly what is in your insurance policy long before you need to file a claim.
Getting Better Auto Insurance Protection
A great auto insurance policy is typically made up of more than just basic liability, comprehensive, and collision insurance. At Mooney Insurance Agency, we recommend purchasing coverage that is more in-depth and attuned to your needs, starting with better liability protection. Arizona’s minimum liability limits are some of the lowest in the nation. It does not come close to being enough protection for most every Arizona driver.
Since liability insurance is your safeguard against lawsuits, it makes sense to purchase additional bodily injury and property damage liability limits that will protect your income and assets against litigation. Many insurers will allow you to select liability limits worth hundreds of thousands of dollars. If this still is not enough to fully protect your assets, you may need to talk with your insurance agent about supplementing your coverage with umbrella insurance.
In addition, we recommend reviewing your policy for other coverage types that could minimize your exposure. Towing and labor coverage, for example, could save you hundreds of dollars if your vehicle needs to be towed after an accident. Also important, loss of use coverage helps pay the cost of temporary transportation when your vehicle is being repaired after a covered event.
Tucson Full Coverage Insurance Quotes
At Mooney Insurance Agency, we explain full coverage to our customers, as well as the other types of coverage you may find beneficial when purchasing a new policy. If you live in the Tucson area, let Mooney Insurance Agency assist you in building a full coverage policy that is personalized to fit your needs. Call us today to request your free quote. We look forward to serving you soon.