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Full Coverage Car Insurance Cost

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By Deanna McCarty on June 25, 2020 in insurance basics

How Much Does “Full Coverage” Car Insurance Cost?

In order to fully answer this question, we must first warn you about the myth of “full coverage” car insurance. Despite the obvious acceptance of the phrase, “full coverage,” there are no car insurance policies that fully cover everything. Instead of being covered in every single situation, the goal is to cover you in MOST situations. The combination of comprehensive, liability, and collision coverage is what makes up the term “full coverage”. Again, no insurance policy fully covers all imaginable losses. So, don’t go looking for the box to check for "full coverage" when getting your quote or signing up for your policy!

Different Types of Car Insurance Coverage

Let’s break down each element of the concoction that makes up "full coverage" car insurance: a dash of comprehensive coverage, pinch of liability coverage, and a teaspoon of collision coverage!

  • Comprehensive Coverage is the “other than collision” coverage. It’s an optional coverage that’s there to help protect you from non-accident incidents like vandalism, theft, fire, animals, or natural disasters.
  • Liability Coverage is what helps pays for any injuries and damages you caused to other people and their property. This provides coverage for both Bodily Injury Liability coverage and Property Damage Liability coverage, which is required to legally drive in almost every state!
  • Collision Coverage is what you likely think of first when you think car insurance. It’s an optional coverage that helps fix or replace, your vehicle after an accident.

Average Full Coverage Car Insurance Cost

Unfortunately, there’s no one-size-fits-all coverage option. We wish we could tell you, “Here’s your flat rate for this coverage.” However, variables like your age, driving record, car, and coverages selected, make that a little tricky since your rate is based on the likelihood of a claim. The best way to find this cost is to complete a quote and add the coverages you need.

The Cost of Comprehensive Coverage

Comprehensive Coverage is an element of what is sometimes referred to as “full coverage” that is designed to help cover you from non-accident related incidents. The cost of this coverage will vary based on coverage limits, state you live in, and other factors! At Say, we have four deductible options, $250, $500, $1,000, and $2,000, though there may be certain situations when all four aren’t available.

Conclusion

So, we might’ve burst your bubble with “full coverage” car insurance, but hey we are known for our transparency. If you’re looking for more coverage, the combination of Comprehensive, Liability, and Collision coverages might be the way to go!

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Deanna McCarty is the Director of Personal Lines Underwriting. She has overall responsibility for planning, directing and coordinating Personal Lines Underwriting operations. Deanna has been an Underwriting Director for 4 years, prior to that she was Manager of the St. Louis Claims Branch. She has been an employee of the company for over 20 years and has worked as Director for Say Personal Lines operations since its inception. Her experience in health claims, P&C claims, and underwriting has helped her gain knowledge of various aspects of the insurance world.

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