When it comes to protecting your vehicle, full coverage auto insurance is a must-have. But what exactly does "full coverage" mean? Essentially, it means that your policy includes both liability coverage (which covers damage or injury you cause to others) and physical damage coverage (which covers damage to your own vehicle).
Within the physical damage coverage portion of your policy, there are two main types of coverage: comprehensive and collision. Here's what you need to know about each:
- Comprehensive coverage: This type of coverage protects your vehicle against non-collision damage, such as theft, vandalism, natural disasters, and animal collisions. If your car is stolen or damaged in a non-collision event, comprehensive coverage will typically pay to repair or replace it (up to your policy's limits).
- Collision coverage: As the name suggests, collision coverage protects your vehicle if it's involved in a collision with another vehicle or object. This can include accidents where you're at fault or ones where the other driver is at fault and uninsured. Collision coverage will pay to repair or replace your vehicle (up to your policy's limits) in these situations.
It's worth noting that while comprehensive and collision coverage are often bundled together as part of a full coverage policy, they are separate types of coverage with different deductibles. You can choose to have different deductible amounts for each type of coverage, which can affect your overall premium.
If you're in the Wilsonville, OR area and looking for full coverage auto insurance, our team at Modern Insurance can help. We'll work with you to understand your coverage needs and find a policy that fits your budget. Contact us today to get started.