auto coverage
Full Coverage Auto Insurance
Bundles liability with collision and comprehensive to repair or replace your own vehicle after a loss.
Typical Low
$1100/yr
Typical Mid
$1900/yr
Typical High
$3400/yr
What it is
Full coverage is not a formal policy type — it refers to liability + collision + comprehensive together. Collision pays for damage to your car from a crash regardless of fault; comprehensive pays for theft, vandalism, weather, glass, and animal strikes. Both are subject to a deductible.
Who needs it
- Drivers with vehicles worth $4k+
- Anyone with an auto loan or lease (lender requires it)
- New-car owners
Common mistakes
- Keeping full coverage on a vehicle worth less than ~10× the annual premium.
- Ignoring gap insurance on a new financed vehicle.
- Setting collision deductible too low (drives premium 20%+ higher).
Recommendations
- Drop collision/comprehensive when vehicle value < 10× annual premium.
- Use a $1,000 deductible if you have a $3k+ emergency fund.
- Add gap insurance any time you are upside-down on the loan.
Insurance Health Score impact
Full coverage with right-sized deductibles adds 15-20 points to your Health Score for households with newer vehicles.