When it comes to auto insurance, there are a lot of options out there. But what does state farm full coverage auto insurance cover? Here’s a breakdown.
First and foremost, state farm full coverage auto insurance covers the damages to your vehicle in the event of an accident. State Farm full coverage auto insurance cover includes; Liability coverage, Collision coverage and Comprehensive coverage.
More on these coverages are explained below.
Full coverage insurance isn’t a specific type of policy, but rather a combination of coverage types.
What Does State Farm Full Coverage Auto Insurance Cover?
State Farm Full Coverage Auto Insurance is insurance that combines collision and comprehensive insurance, which pays out if your vehicle is damaged, plus liability coverage, which pays for injuries and damage you cause to others.
State Farm full coverage auto insurance covers liability claims, collision damage regardless of who is at fault, and non-accident damages such as vandalism, hitting an animal, or the weather.
Basically, state farm’s full coverage includes;
- Liability coverage- covers medical expenses, vehicle repairs, and property damage of the other party if you were responsible for the accident.
- Collision coverage- pay to repair or replace your vehicle if it collides with another vehicle or object.
- Comprehensive coverage- pay to repair or replace your vehicle if it’s damaged by something besides a collision, including theft, fire, vandalism, or hitting an animal.
It is important to note that full coverage is a combination of insurance policies and also what one state may refer to as full coverage may differ from the other(there is nothing like a full coverage policy).
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What Does Comprehensive Insurance Cover?
Comprehensive coverage covers your vehicle(including rental vehicles) from damages that are not caused by collision.
This can include damage from events such as:
- Fire and explosions
- Car theft and damage from theft
- Hitting or being hit by animals e.g a deer.
- Falling objects
- Vandalism eg. as a result of riots
- Weather events such as wind damage from hurricanes
It is important to note that comprehensive coverage does not cover damage caused by collision with other vehicles or objects (trees, buildings, etc.), which is why it is important to have both collision and comprehensive coverage on your vehicle(including rental vehicle).
How Comprehensive Car Insurance Works
Comprehensive car insurance is not required in all states, but it is recommended if you have a loan on your car or if you lease your car.
At State Farm, this type of insurance extends beyond your own vehicle to include temporary substitute cars, newly-acquired cars, and cars you’re using but aren’t owned by anyone in your household (including rental vehicles).
If you have comprehensive car insurance, your insurer will pay for the damage to your car up to the policy limit. Your policy limit is the maximum amount of money that your insurer will pay for any one incident. If the damage to your car exceeds your policy limit, you will be responsible for paying the difference.
Most comprehensive car insurance policies will have a deductible, which is the amount you have to pay out-of-pocket before the insurer will cover the rest of the damages.
At State Farm, deductibles are determined by the extent of the damage resulting from a loss covered under comprehensive coverage. They will decide whether to pay the cost to repair a covered vehicle minus any applicable deductible or whether to pay the actual cash value of the covered vehicle minus any applicable deductible.
Comprehensive coverage is not required in every state but it is very important if;
- You live in an area with extreme weather.
- You live in a place with high car theft rates
- You have a new or expensive car.
- You have an auto loan or lease.
- You live in an area with high risks of animal collisions
- You can’t afford to pay for repairs from your pocket.
What Does Collision Coverage Insurance Cover?
Most people think of collision coverage as insurance that pays for damage to your own car after an accident. And while that’s true, there’s a bit more to it than that. Collision coverage also covers you if you hit another car or object (like a fence or tree). It also covers you if your car is hit by another vehicle.
So, what does collision coverage insurance cover? In short, it covers damage to your car caused by an accident with another car or object, or if it rolls over. It does not, however, cover damage caused by weather events (like hail or flooding), animal collisions and theft.
If your vehicle is damaged in a hit-and-run, a collision will help cover the cost to repair or replace it after paying your deductible.
Our study on Does State Farm Cover Rental Cars After Accident? is an excellent resource more so if you are going to get a rental car and you want to know the level of coverage you will get in case of an accident.
What Does Liability coverage Insurance Cover?
Liability car insurance, also known as liability coverage, helps to cover medical expenses, vehicle repairs, and property damage of the other party if you were responsible for the accident.
The insurer will pay for the damages and injuries up to your policy limit.
While most states require drivers to carry basic liability insurance, which offers the minimum coverage limits required by law, it’s a good idea to purchase higher coverage limits than your state requires.
How Much is State Farm’s Full Coverage Car Insurance?
It costs $1,045 for full coverage and $1,131 for drivers with an at-fault accident on their records.
But because auto insurance premiums are based on more than a dozen individual rating factors, the actual cost will differ for every driver.
Age, vehicle type, location, driving history and other factors, are some of the factors that make quotes differ.
Conclusion-(Summary of What Does State Farm Full Coverage Auto Insurance Cover?)
In conclusion, it is important to know what your auto insurance policy covers. State Farm’s full coverage auto insurance includes liability, collision, and comprehensive coverage. It is important to understand the coverages and how they work before you purchase a policy.
My hope is this article has answered your question: What does State Farm full coverage auto insurance cover?