Car Insurance - One Size Does Not Fit All

Whether you want a fancy sports car or need a minivan, you’ll need to
purchase some kind of car insurance. However, it’s not always as simple
as signing up with a local insurer. You need to know what you’ll really
need the coverage for. If your vehicle is brand new, you’ll need full
coverage. If your vehicle is a used, you may only want liability. There
are a number of options available to you. Examine the right one to best
fit your needs.

Full Coverage

When shopping for coverage for you vehicle, full coverage usually means
the policy will take care of any damage to your vehicle as well as
someone else’s. Basically, you may have thousands and thousands of
dollars worth of repairs needed. With full coverage car insurance, this
coverage is more expensive, but the company you purchased the policy
through will pay the cost to fix the vehicle. Also, this is a good idea
to get if you are worried your vehicle may be stolen or broken into,
since this coverage will take care of these issues too. Furthermore, you
may even experience hail damage, a tree falling on the car or other
problems due to no fault of your own. In this case, you won’t be held
responsible for paying to get the vehicle fixed since you have full
coverage.

Liability

Now, if you have a little commuter vehicle or something you simply paid
cash for, you may want to consider getting liability. With liability car
insurance, if you’re involved in an accident, the policy will cover the
cost to pay to fix damage on the other vehicle, not your own. You will
have to worry about fixing your vehicle. This is usually a smarter
choice when getting coverage on a used vehicle, since the costs to fix
your vehicle may be more than what the car’s worth. If this is the case,
you will do better simply buying another vehicle instead of putting
money into the damaged one you have. Furthermore, it simply doesn’t make
sense to get full coverage on a used vehicle that doesn’t have much
value.

Bodily Injury Liability

Another type of car insurance to keep in mind is bodily injury
liability. When you hit someone and they end up having to go to the
hospital, it can get extremely expensive. If you’re at fault, you will
be responsible for paying the bill. Yet, if you have bodily injury
liability coverage, your insurer will make sure the victim’s hospital
bills are paid up to a point and you aren’t stuck with dealing with all
the debt. Just keep in mind, depending on the coverage you choose, there
may be a certain dollar amount the plan will cover. Once that’s paid
out, you will be responsible for what’s left.



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Full Coverage