Your "Full Coverage" Auto Insurance Will Make You Broke. . . Let me Explain

We at the Daryl Santos Farmers Insurance Agency understand that auto insurance can be a major expense that may cause financial strain. It's natural to want to lower your expenses wherever possible, but when it comes to auto insurance, cutting corners can actually make things worse. Here's what you need to know about "Full Coverage" and why it may not always mean what you think it does.

First of all, it's important to understand that "Full Coverage" is not a standard term across all insurance providers. What one provider considers "Full Coverage" may be different from another provider. So, what does "Full Coverage" typically include? Generally, it includes liability coverage, which covers damages and injuries to others in an accident that you're responsible for. It may also include collision and comprehensive coverage, which covers damage to your own vehicle, regardless of fault.

However, just because you have "Full Coverage" doesn't mean that you're fully protected. For example, if you're in an accident and the damages exceed your coverage limits, you'll be responsible for paying the difference out of pocket. Additionally, some "Full Coverage" policies may have high deductibles that you'll need to pay before the insurance kicks in.

So, what can you do to protect yourself without breaking the bank? Here are some tips:

1. Consider increasing your liability coverage limits. While it may increase your premium, it can also give you more protection in the event of a major accident.
2. "Will auto insurance cover mechanical repairs?" is a common question we receive. We suggest you review your policy's coverage limits and deductibles. Make sure you understand exactly what's covered and how much you'll be responsible for in the event of an accident.
3. People ask "Where to compare auto insurance?". We suggest shopping around for the best rates. Don't settle for the first quote you receive. Compare rates from multiple insurance companies to find the best deal.
4. Take advantage of discounts. Many insurance companies offer discounts for things like good driving habits, multiple policies, and safety features on your vehicle.
5. Talk to your insurance agent. They can help you understand your policy and find ways to save money without sacrificing coverage. Be sure to ask about glass coverage, rental, and roadside assistance.

In conclusion, "Full Coverage" may not always mean what you think it does. It's important to understand your policy's coverage limits and deductibles to make sure you're fully protected. We encourage you to take the time to review your policy and talk to your insurance agent to make sure you have the coverage you need without breaking the bank.

If you have any questions, my team and I would be happy to serve you.

You can contact us at:

Call/Text or office line 661-326-7200

Email: [email protected]