Full coverage car insurance is a term that often leads to confusion among drivers in Georgia. It generally refers to a combination of different types of insurance coverage that protect you against various risks associated with driving. Understanding what full coverage entails can help you make informed decisions about your car insurance policy.
In Georgia, full coverage car insurance typically includes three primary components: liability insurance, collision coverage, and comprehensive coverage.
Liability Insurance
Liability insurance is mandatory in Georgia and is designed to cover damages or injuries you may cause to others in an accident. The state requires minimum coverage of:
- $25,000 for bodily injury per person
- $50,000 for total bodily injury per accident
- $25,000 for property damage
While these are the minimum requirements, it is advisable to consider higher limits to fully protect your assets.
Collision Coverage
Collision coverage helps pay for damages to your vehicle after a collision, regardless of who is at fault. This type of coverage can be especially beneficial if you have a newer or more valuable car.
Though it is not legally required, many lenders mandate collision coverage if you are financing or leasing a vehicle. The premium for collision coverage will vary based on your deductible and the make and model of your car.
Comprehensive Coverage
Comprehensive coverage protects your vehicle against non-collision-related incidents such as theft, vandalism, natural disasters, and hitting an animal. Like collision coverage, it is not required by law but is often necessary for financed vehicles.
When purchasing comprehensive insurance, consider the deductible amount, which is the portion you will pay out-of-pocket before insurance kicks in. A higher deductible can lower your premiums, but it means more expense if you file a claim.
Additional Coverage Options
Although the aforementioned coverages comprise the core of full coverage, additional options can further protect you:
- Personal Injury Protection (PIP): Covers medical expenses and lost wages for you and your passengers.
- Uninsured/Underinsured Motorist Coverage: Protects you if you are involved in an accident with a driver who has little or no insurance.
- Gap Insurance: Covers the difference between what you owe on your vehicle and its current market value if it is totaled.
Cost of Full Coverage in Georgia
The cost of full coverage car insurance in Georgia varies widely based on several factors, including your driving history, age, location, and the type of vehicle you drive. On average, drivers can expect to pay between $100 and $200 per month for full coverage.
To save money, consider shopping around and comparing quotes from multiple insurance providers. Discounts may also be available for safe driving, bundling policies, or maintaining a good credit score.
Conclusion
Understanding full coverage car insurance in Georgia is critical to ensuring you have the necessary protection on the road. By knowing what types of coverage are included and the importance of liability, collision, and comprehensive insurance, you can tailor your policy to meet your needs effectively.
Always consult with an insurance agent to clarify the terms and evaluate your options, ensuring you make the best decision for your circumstances.
