Getting a Quote on Full Coverage Auto Insurance
Most of us who own cars will spend a moderate amount of money purchasing typical liability insurance plus some level of collision and comprehensive coverage. But there are individuals who own more expensive cars and have lots of valuable assets they need protected. For them, full coverage auto insurance is a must. Even though such broad coverage is extremely expensive, it is worth it for wealthier individuals.
Getting a quote on full coverage auto insurance is no different than securing quotes for more traditional policies. It starts with compiling the contact information for several different car insurance companies you might be interested in working with. One of the easiest ways to do this is to use an online quote tool like the one we provide on this website. Armed with that information you’ll be contacting each company and asking for a quote.
Full Coverage Means Different Things
When you begin the quote process, be careful to let insurance company representatives know exactly what you’re after. We recommend this because the definition of “full coverage” can mean different things to different people. You’ll obviously want traditional liability, collision, and comprehensive, but perhaps you need extra coverage or higher limit amounts. This is where it pays to know what you’re looking for before you get started.
As an example, some comprehensive policies only cover a certain amount of damage that might result from fire, theft, or vandalism. Full coverage in this case would be a rider covering all possible damage regardless of what caused it. Another example of full coverage could apply to the liability portion of the policy in the sense that you’re going to increase coverage limits to protect your personal assets in the event of a lawsuit.
Managing the Expense
Even for wealthier individuals, full coverage auto insurance can be prohibitively expensive on cars that are extremely valuable. In order to fully protect themselves more affordably, some people supplement their car insurance by getting an umbrella policy. An umbrella policy is a form of extra insurance which takes care of most of the things not normally covered under other insurance policies. Where car insurance is concerned an umbrella policy can be a handy thing.
To illustrate this point, consider trying to ensure a classic muscle car from the 1950s; a car you have sunk tens of thousands of dollars into just in restoration costs. You’ll want higher liability limits plus collision and comprehensive policies that will cover any and all damage no matter how it occurred. At that point the policy might be right at your limit of affordability, meaning you can’t add extra coverage to protect yourself against a lawsuit. An umbrella policy will provide that protection for less money than adding the additional coverage to your auto policy.
Full coverage auto insurance is a really good idea for a lot of people. If you want it just remember to get quotes in the same careful way you would get standard auto insurance quotes.