In addition to carrying car insurance limits as required by law, looking into optional coverage is a good idea.
If you think you are completely covered because you have “full coverage” insurance, you should know that full coverage doesn’t actually exist— it is a term often used to refer to the combination of state-required liability or no-fault car insurance and collision and comprehensive coverage.
Understanding Your Insurance Deductible
In an auto insurance policy, the deductibles apply to property damage – for the optional comprehensive or collision coverage. For example, if you have $5,000 damage to your car from an accident and you have a $1,000 deductible, your insurance will pay $4,000 and you are responsible for $1,000.
There are a variety of different types of auto insurance coverage options you can add beyond “full coverage” to increase your level of protection.