Full coverage auto insurance with Geico provides comprehensive protection that includes liability, collision, and comprehensive coverages. This type of insurance ensures that you are covered in various scenarios, from accidents to natural disasters. At Rate Frog, we provide detailed information on what Geico’s full coverage auto insurance includes and how it protects you.
Components of Full Coverage Auto Insurance
1. Liability Coverage
Liability coverage is required by law in most states and covers damages and injuries you cause to others in an accident where you are at fault. It includes:
Bodily Injury Liability
- Coverage: Pays for medical expenses, lost wages, and legal fees for injuries you cause to other drivers, passengers, or pedestrians.
- Limits: Typically expressed as two numbers, such as $50,000/$100,000, which means up to $50,000 per person and $100,000 per accident.
Property Damage Liability
- Coverage: Pays for repairs or replacement of another person’s property, such as their vehicle, fence, or building, damaged in an accident where you are at fault.
- Limits: Usually expressed as a single limit, such as $50,000 per accident.
2. Collision Coverage
Collision coverage pays for damages to your vehicle resulting from a collision with another vehicle or object, regardless of fault.
- Coverage: Covers repairs or replacement of your vehicle after a collision.
- Deductible: You choose a deductible (e.g., $500), which is the amount you pay out of pocket before insurance kicks in.
3. Comprehensive Coverage
Comprehensive coverage pays for damages to your vehicle from non-collision-related incidents, such as theft, vandalism, or natural disasters.
- Coverage: Includes protection against theft, fire, flood, hail, vandalism, and falling objects.
- Deductible: Similar to collision coverage, you choose a deductible (e.g., $500).
4. Uninsured/Underinsured Motorist Coverage
This coverage protects you if you are involved in an accident with a driver who has insufficient or no insurance.
Uninsured Motorist Coverage
- Coverage: Pays for your medical expenses, lost wages, and other damages if you are hit by an uninsured driver.
Underinsured Motorist Coverage
- Coverage: Covers the difference if the at-fault driver’s insurance is insufficient to cover your damages.
5. Medical Payments Coverage (MedPay)
Medical payments coverage pays for medical expenses for you and your passengers, regardless of who is at fault in an accident.
- Coverage: Covers medical bills, hospital visits, and even funeral expenses.
- Limits: Usually has a specific limit, such as $5,000 per person.
6. Personal Injury Protection (PIP)
PIP coverage, also known as no-fault insurance, is required in some states and covers medical expenses, lost wages, and other related costs for you and your passengers, regardless of fault.
- Coverage: Includes medical expenses, rehabilitation costs, lost wages, and other related expenses.
- Limits: Varies by state and policy.
7. Additional Optional Coverages
Geico offers several optional coverages that you can add to your full coverage policy for extra protection:
Roadside Assistance
- Services: Includes towing, battery jump-start, flat tire change, lockout service, and fuel delivery.
Rental Reimbursement
- Coverage: Pays for a rental car while your vehicle is being repaired after a covered claim.
Mechanical Breakdown Insurance (MBI)
- Coverage: Covers repairs to major mechanical components of your vehicle, similar to an extended warranty.
Gap Insurance
- Coverage: Covers the difference between your car’s actual cash value (ACV) and the remaining balance on your loan or lease if your vehicle is totaled.
Benefits of Full Coverage Auto Insurance
1. Comprehensive Protection
Full coverage auto insurance provides protection against a wide range of risks, ensuring you are covered in various scenarios.
2. Peace of Mind
Having full coverage gives you peace of mind knowing that you are financially protected against significant out-of-pocket expenses in the event of an accident or other covered incident.
3. Required by Lenders
If you finance or lease your vehicle, full coverage is often required by the lender or leasing company to protect their investment.
How to Customize Your Full Coverage Policy
1. Choose Appropriate Limits and Deductibles
- Liability Limits: Select liability limits that provide adequate protection based on your assets and risk tolerance.
- Deductibles: Choose collision and comprehensive deductibles that balance affordable premiums with manageable out-of-pocket costs.
2. Add Optional Coverages
Consider adding optional coverages like roadside assistance, rental reimbursement, and gap insurance to enhance your protection.
3. Review Discounts
Take advantage of available discounts to lower your premiums, such as good driver, multi-policy, and good student discounts.
Final Thoughts
Geico’s full coverage auto insurance provides comprehensive protection, including liability, collision, and comprehensive coverages, along with optional coverages for additional peace of mind. By understanding what is included and customizing your policy to meet your needs, you can ensure that you are well-protected on the road. At Rate Frog, we help you explore your insurance options and find the best policies to suit your needs. Visit our platform today to compare quotes and secure the right coverage for your peace of mind!