What is Full Coverage Car Insurance?
Published January 25, 2024
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Categories:
- Auto Insurance
- Insurance Basics
If you’ve leased or financed a car before, you may have heard the term “full coverage” used when referring to requirements for purchasing auto insurance. Requirements vary by state, but typically full coverage car insurance refers to having liability coverage, with the option to purchase comprehensive coverage and collision coverage, as well as anything else that your state mandates you to have for insurance coverages. Beware that lenders may have their own requirements for insurance that are greater than the state requirements as well.
What do we recommend for your coverages?
WebFirst Insurance, LLC does not recommend that you purchase the Massachusetts minimum state requirements for full coverage car insurance. Instead of asking “Is my car insurance full coverage?”, it’s a good practice to ask your insurance company or agent if you have the right coverage for the assets that you own. For example, someone who owns a used car versus a new car might need different coverage. Someone with no children versus three children will need different liability insurance. Someone driving in a luxury car versus a family car has different assets to protect.. It’s always best to customize your coverages for your specific family needs, based around your assets, not just the state minimum. And if that means that you’ll be paying a little bit more each year, rest assured that in the event of an emergency, you know you’ll be as covered as you can be from a liability, physical damage, and medical perspective.
What are the Massachusetts state minimums for full coverage car insurance?
Massachusetts car insurance requirements include liability coverage limits of at least:
- $20,000 in bodily injury liability per person
- $40,000 in total bodily injury per accident
- $5,000 in property damage per accident
Auto Insurance in Massachusetts also requires personal injury protection (also known as PIP) and uninsured/underinsured bodily injury coverage (also known as UM BI), with the following minimum limits:
- PIP: $8,000
- UM BI: $20,000 per person, $40,000 per accident
Personal injury protection can cover medical costs, plus lost wages and death benefits, and pays out even if you’re at fault in an accident. Uninsured bodily injury coverage can cover medical expenses for you and your passengers if you’re in an accident with an underinsured driver.
Interesting facts about Massachusetts car insurance:
- Massachusetts permits you to exclude driving-age family members from your policy if they don’t operate your vehicle, but you’ll need to submit an “exclusion form” to your insurer.
- Massachusetts doesn’t allow insurance companies to use your credit score in determining your auto insurance rate.
We’ll help you get the coverage you need
By choosing WebFirst Insurance, you’re gaining access to experts in the insurance field, who have the goal of helping you protect your assets. We’ll ensure that you have the coverage you need to keep your car and your loved ones covered in the event of an accident. Get started with a quote today.