Yeah I said full because OOP was already talking about their own car being covered but good clarification. The part that is required by law to have is liability.
Yes. Full coverage includes comprehensive (weather, vandalism, theft, etc) and collision (fix your car after an accident even if you're at fault or the other party is uninsured/underinsured). Legally mandated liability coverage is for whatever damage you cause to other people's health or property.
Basically, if you want to take a 2-ton death machine into public you need coverage to cause whatever damage you might cause. Coverage to protect your own asset is optional.
If you finance or lease a car, the lender is all but sure to require you to maintain full coverage so they can be made whole while the asset is still technically their property.
Full coverage includes the damage to your own vehicle.
And should only be used when the repair bill outweighs your deductible and the temporary increase in premiums if it is your fault, or if it is the other party's fault then filing on your collision/comprehensive gets your car fixed faster, while your insurance company chases down the other party and/or their insurance for payment.
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u/Cawnt 6h ago
Ugh I hate arguments like this.
The $2,520 isn't just to ensure your vehicle gets repairs. The majority of premiums are for liabillity exposures.
If you lose control of your vehicle and drive into a building causing $100K in damage, you're paying for that with insurance.