We’re often approached by drivers in Camdenton who want “full coverage” auto insurance. That term signals that these particular drivers are looking for insurance that will protect their vehicles, passengers, and others on the road no matter what happens.
While we applaud and appreciate the desire to get as much insurance coverage as is available, it’s important to note that “full coverage” auto insurance doesn’t quite exist — at least not in the terms they’re looking for. Each policy is broken up into various components based on Missouri state law and driver preferences. Rather than do a blanket policy that includes everything, we like to do our due diligence to offer the most relevant and appropriate options for the driver’s personal needs.
Here’s what we look at specifically when quoting for a new auto insurance policy after a driver requests full coverage.
Liability Coverage
Liability coverage is required by Missouri state law. Every driver must carry at least $25,000 per person for bodily injury, $50,000 per accident for bodily injury, and $25,000 per accident for property damage. While that might look like a lot up front, it’s not as robust of coverage as you think.
When a driver wants full coverage auto insurance, we recommend higher liability limits instead of the state minimum liability limits. Increasing the amount that a driver carries, it decreases the likelihood of having to pay for other people’s injuries and property damage in the event of a collision.
Comprehensive and Collision Insurance
When many drivers think about auto insurance, they often consider comprehensive and collision coverage.
- Comprehensive coverage is offered to pay for damages caused by external factors, such as fire, theft, weather or vandalism. Damage to your auto glass also falls under comprehensive coverage.
- Collision coverage is offered to cover the cost of damages due to a collision with another vehicle or object.
When you choose your insurance coverage, you’re able to decide on how much you’re willing and able to pay out of pocket before insurance kicks in. This is known as your deductible. For drivers seeking full coverage auto insurance, we recommend having the lowest possible deductible.
In addition, insurance companies will put a maximum amount on the insurance for how much they’re able to pay for a certain claim. When full coverage is requested, we will recommend the maximum amount the insurance company will pay out for a covered claim.
Rental Reimbursement Coverage
After a collision, or when your vehicle needs to be in the shop to repair damages for any reason, you may need a rental vehicle. Rental reimbursement is just what it sounds like — when an insurance company reimburses you for the cost of your rental car. What’s less clear is how much the insurance company will pay for your rental car each day. Lower limits means a smaller, more economical car. Higher limits will give drivers a larger, more luxurious vehicle.
When a client asks for full coverage, we’ll recommend that the rental reimbursement coverage is extended to the fullest amount. That way, drivers can be sure they’re getting the size and quality of vehicle they’re used to and need.
Uninsured and Underinsured Motorist Coverage
Uninsured motorist insurance is required for all drivers to carry in Missouri. Underinsured motorist coverage is optional but still important to have. These coverages protect you from uninsured or underinsured drivers who share the Camdenton roads with you. If there is an accident, you might need your insurance to kick in to cover what the other driver’s insurance won’t.
Having uninsured and underinsured motorist coverage is necessary for drivers seeking full coverage insurance. This will take effect, so you can minimize the chances of having to pay out of pocket, even when you’re not at fault during a collision.
What About Roadside Assistance?
Roadside assistance is an optional coverage that comes to your rescue when you’re stranded on the side of a road due to car failure. Still, this type of coverage isn’t always considered included when using the term “full coverage.” It’s important to check your policy to know if you have roadside assistance before you hit the road rather than assuming it is included in your policy.
Looking for a Quote on Full Coverage Auto Insurance?
There’s a lot to consider when choosing the right auto insurance coverage for yourself or your family. We’re happy to help you navigate these waters and provide maximum coverage. Reach out to request a proposal or schedule a time to talk to our team, so you can get clarity on what’s available for your specific vehicle and preferences.
