Choose the Right Protection for Your Vehicle and Finances
When it comes to auto insurance, understanding the difference between full coverage and liability-only coverage is essential. Your choice affects your protection, your wallet, and your peace of mind.
1. Liability-Only Coverage
Liability insurance is required by law in most states. It covers:
- Bodily injury – Medical costs for others if you’re at fault in an accident.
- Property damage – Repairs or replacement of another person’s vehicle or property.
What it doesn’t cover:
- Damage to your own vehicle
- Theft, fire, or vandalism
- Personal medical costs after an accident
Best For:
- Older vehicles with low value
- Drivers on a tight budget who can cover repairs out-of-pocket
2. Full Coverage
Full coverage combines liability with collision and comprehensive insurance, protecting your vehicle in a wider range of situations:
- Collision – Covers repairs to your car after an accident, regardless of fault.
- Comprehensive – Covers theft, fire, vandalism, natural disasters, and falling objects.
Additional Benefits:
- Protects your financial investment in your vehicle
- Often required if your car is financed or leased
- Peace of mind knowing you’re covered for more than just liability
Best For:
- New or valuable vehicles
- Drivers who want broader protection
- Anyone who wants coverage for unexpected events beyond accidents
Key Considerations
- Cost: Full coverage premiums are higher than liability-only, but they can prevent large out-of-pocket expenses after an accident.
- Vehicle Value: If your car is older and has low market value, full coverage may cost more than the car is worth.
- Risk Tolerance: Consider how much risk you’re willing to assume financially if something happens to your vehicle.
Bridgeway Insurance Group Can Help
We help drivers evaluate their vehicles, budgets, and risk tolerance to choose the right coverage. Our goal is to provide affordable protection that fits your needs.
Bridgeway Insurance Group - Insurance that protects you, your vehicle, and your peace of mind.