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It pays to shop around for auto insurance.

Comparing Different Types of Protection

You need car insurance. Every state requires liability coverage, so carrying a certain amount of protection is non-negotiable. If you stick to the minimum required amount, the financial repercussions could be devastating if involved in an accident or theft. Therefore, the next step is to decide how many additional services you need. Most industry experts suggest carrying full coverage because you have complete peace of mind. In addition to liability, you will receive comprehensive and collision add-ons as well.

You may be wondering, is full coverage worth it? After all, nobody likes paying for something needlessly. To make it easier for you to decide, we have compared it against various individual types of protection and add-ons to help you determine the appropriate level of protection.

Is Liability Enough?

In order to cut costs, many drivers will settle for just liability insurance; however, this doesn't take care of the driver at all-it only protects against damages to others involved. Therefore, if a driver opts out of full coverage, it is valuable to at least consider either of these add-ons as well. If a policyholder's vehicle is being financed, it is not possible to have collision insurance without comprehensive. For owners who are not financing their vehicle, it can sometimes be more affordable to repair or replace an older car than file a claim. In this case, these elements are adequate.

Consider Adding Comprehensive Insurance

Where incidents involving other drivers and accidents that are the driver's fault fall under collision and comprehensive usually refers to non-accident events. Comprehensive is considered physical damage coverage and protects a vehicle from losses that are generally not the driver's fault. With comprehensive, damages in theft, natural disaster, and even some animal-related incidents are included. Auto-insurers in some states may not include hail or tree fall damage unless explicitly added to the policy. Policies do not include destruction from a storm or hurricane that is declared a national disaster, or if damages incur as a direct result of a national emergency; instead, these fall under federal insurance.

Full Coverage Comes with Peace of Mind

No plan is truly complete without collision protection. This pays for the repairs needed of the policyholder's vehicle, even if the policyholder's actions were determined to be the cause of the accident. This element is optional, but it can be mandatory if the car is being leased. The financing company requires that borrowers purchase collision as a way of shielding their investments which are the vehicles they are leasing to people.

Finally, Full coverage includes collision, and it is the entire amount of coverage that finance companies require of the people who are leasing their cars. Therefore, part of full coverage will include everything mentioned above, but it also includes the aforementioned liability and comprehensive add-ons.