Buying insurance for your automobile is not optional. Going without it is not only illegal - it's dangerous. The cost of being in an accident can be astronomical, especially when you consider both physical and property damage. When it comes to your car or truck, the world can be a dangerous place and an accident may be right around the corner.

Fortunately, when you are searching for vehicle insurance, you have many options. You can purchase several types of coverage and choose various deductible amounts. The trick is knowing what type of policy is best for you. For many drivers, especially those who don't like to take chances, full coverage insurance is the best choice.

Full Coverage Basics

A full coverage insurance policy gives you the most protection from collisions, theft and other vehicle mishaps. A full-coverage policy combines liability insurance, collision insurance and comprehensive insurance. No policy protects you completely, but full coverage leaves you with the least financial and legal exposure.

Liability Insurance

Most states require all vehicle owners to carry a minimal amount of liability insurance. This type of insurance protects the other driver and their passengers if you are at fault in an accident. Your own car damage and medical expenses are not covered with liability insurance, however. Also, the amount of coverage dictated by the state is rarely enough to cover the other driver's losses.

Collision Insurance

Collision insurance protects you in case of a collision, even if you are to blame. The collision does not have to be with another vehicle - you may collide with a lamppost, the neighbor's house or some other object. This coverage also protects you if you flip your car. A collision policy does come with its own separate deductible.

Comprehensive Insurance

Comprehensive insurance covers items that collision does not. For instance, if you hit a deer, it's paid for out of your comprehensive coverage. Comprehensive coverage also covers theft, weather damage, vandalism, and fire.

There are a number of other coverage options available to you that are not automatically included in full coverage, such as roadside assistance, car rental, and OME (original equipment part) insurance. These are considered extras and not part of standard full coverage.

Full Coverage Drivers

Many drivers need full coverage to protect themselves and their property. If you owe money on your vehicle, your lender will insist on your having full coverage so that their investment is protected. If you own your vehicle outright, then you need to consider two factors: the worth of your vehicle and your ability to replace it.

If you own a car that is relatively new and in good shape, investing in full coverage is a good idea. Even if you could afford to replace your $35,000 vehicle out of your savings, paying $1000 a year for insurance is a less risky and more economically sound route to take. However, once your vehicle depreciates significantly, you may decide that you don't need full coverage. If your vehicle has over 100,000 miles, is showing visible wear, and is over ten-years-old, you might decide that liability coverage is enough for you.

However, if you cannot afford to replace a vehicle that's worth $7,000, then you may still opt to pay for full coverage, especially if you must have it to get to work or to meet other obligations. Choosing full coverage insurance is about assessing your financial risk.

Keeping Full Coverage

When deciding whether or not to keep full coverage on your vehicle, you should consider the 10% rule. If your annual premiums cost more than 10% of the replacement money you would receive from a claim, you should consider only carrying liability. Remember, your deductible will come out of that insurance check. If your car is worth $5,000 and your deductible is $1000, you will only receive $4000 to replace your vehicle. If you are paying $800 a year for coverage, you might be better off carrying only liability and putting your savings away in a car repair/replacement fund.

Finding the Right Coverage

Finding the right coverage can clearly become confusing, and if you are not careful, you'll end up paying too much for your policy. To get the best rates possible, you should always comparison shop at All you need to do is visit the site, enter some basic information, and choose from a variety of policies from top insurance companies. You can easily compare liability-only with full coverage policies and determine which one works for you. is dedicated to helping you save money while staying protected. We'll steer you toward discounts such as safe driver and senior citizen rates while making certain you have all the information you need on liability, collision and comprehensive insurance.

For many people, carrying full-coverage insurance makes the most sense. Not many people can afford to replace their car if it's totaled in an accident. While no policy covers everything, full coverage policies do the most to reduce your risk. Don't wait - check out all your options today at