Like most people, you probably have many questions about auto insurance. Do I need it? What kind of coverage do I need? How much will it cost me? Here’s the deal: All drivers must carry liability insurance in San Francisco, CA. But if you have a new car loan, your lender will probably require you to have full coverage insurance.
Liability Vs. Full Coverage
So, what’s the difference between liability and full coverage insurance? Liability insurance covers damage to other people and property if you cause an accident. Full coverage insurance also covers damage to your vehicle, no matter who is at fault.
If you’re financing a new car, your lender will require you to have full coverage insurance until the loan is paid off. That’s because the lender wants to ensure they protect their investment in case of an accident. Your Biddle-Shaw Insurance Services Inc. agent can help you find the right full coverage policy to fit your needs and budget.
What Does Full Coverage Include?
Full coverage insurance typically includes collision and comprehensive coverage. Collision coverage pays for damage to your vehicle if you hit another car or object or another vehicle hit your car. Comprehensive coverage pays for damage to your car caused by events other than a collision, such as theft, fire, or vandalism.
How Much Does Full Coverage Insurance Cost in San Francisco, CA?
Total coverage insurance costs vary depending on several factors, including your driving record, the type of car you drive, and the amount of coverage you choose. Full coverage insurance costs more than liability insurance. But the extra cost is often worth it, especially if you’re financing a new car.
A Biddle-Shaw Insurance Services Inc. representative can help you choose the right insurance coverage for your needs and budget. Call us today to get started.
