To carry full coverage or not to carry full coverage, that is a good question!

submitted by Rick Meyers, AAA Insurance Broker/Nichole Meyers, Richboro Office,

Many people have heard the saying “full coverage” and believe that having “full coverage” means they have a good auto policy. Unfortunately, that is not the case. There are many factors that go into a policy.

Having full coverage could mean you are overpaying for coverages that you will never be able to collect on.

What does the term “full coverage” really refer to?

In short, it means the auto policy includes both comprehensive and collision coverage.

Comprehensive coverage typically covers natural disasters, fire, theft, vandalism, falling objects such as trees, and hitting or being hit by an animal.

Collision coverage helps pay to repair or replace your vehicle when damaged in a collision.

A crash with another vehicle, single car accidents such as rolling or flipping and a collision with an object such as a tree are typically covered under this coverage.

Liability only, another popular phrase, means your policy does not carry either comprehensive or collision coverage, but does carry bodily injury and property damage for others.

Collision coverage is typically required when leasing or financing a vehicle. If your vehicle is 7-10 years old or newer, having this coverage may make sense.

If your vehicle is older and did not retain its value, dropping this coverage could be a better investment. 

Comprehensive coverage on an older vehicle may be a good option if you want to save some money while protecting yourself against things outside of your control.

If a tree branch falls on your car or a deer jumps in front of you, having this coverage can help get the car repaired and decrease the frustration of something you couldn’t avoid.

It’s best to consult a local insurance agent to ensure you have the best policy and price for your situation.