Full-coverage or Physical Damage Auto Insurance

Full-coverage auto insurance and physical damage auto insurance are one in the same. Full-coverage auto insurance actually consists of both collision and comprehensive auto insurance coverage. So with full-coverage you will be covered for any damages to your vehicle if the damages were caused by a collision with another vehicle or object or by upset. You will also be covered if damages are caused by theft or vandalism, and even in the event of glass breakage. You will also get any remaining loan amount left on your vehicle paid off if your vehicle is totaled. Many insurance companies are starting to not offer full coverage any longer, and just offer their customers collision and comprehensive coverage instead.

You will find that if you are leasing your vehicle or financing your vehicle, then you may be required to have full-coverage. The reason for this is that if you were to get into an accident, and you are still paying your car loan off then your insurance company will pay off your remaining loan amount if you have full-coverage auto insurance. Whatever company you have your car loan through actually has the right to check very now and then to make sure you have at least full-coverage auto insurance.