While it’s common knowledge that auto insurance is vital, you might be conflicted about the necessity of full coverage insurance. At Rasor Insurance in Celina, TX, we are committed to helping you make this decision.

Understanding Full Coverage Insurance

First, it’s important to comprehend what full coverage insurance entails. This insurance category consists of two segments: collision and comprehensive coverages.

Collision coverage caters to damages perpetrated on your vehicle if you’re at fault for an accident. An instance would be running a red light and colliding with another vehicle. The collision coverage would finance the repairs or replacement of the vehicle.

On the other hand, comprehensive coverage takes care of damages to your vehicle that occur outside of road incidents. For example, if your vehicle is damaged by vandalism, the coverage will pay for repairs. Should your vehicle be critically damaged during a storm, collision coverage takes this into account.

Is Full Coverage Insurance Mandatory?

The government doesn’t mandate full coverage. However, if your vehicle is under a loan agreement or lien, your lender will most likely require full coverage insurance to safeguard their financial interest in it.

Do I Require Full Coverage Insurance?

Even if full coverage insurance is not a requirement, it’s worth considering. For instance, you might have recently finished paying off your vehicle. But suppose it gets damaged or wrecked in an accident. Would you be able to deal with the repairs or replacements without insurance? If not, full coverage insurance is a prudent choice.

Furthermore, given the significant investment a car represents, securing it with a full coverage policy is sensible even if you can afford to replace it.

Rasor Insurance: Auto Insurance

If you are interested in full coverage insurance in Celina, TX, contact us at Rasor Insurance. Our proficient agents are ready to discuss your situation and guide you toward the most suitable policy.