When it comes to protecting your vehicle and finances, choosing the right auto insurance is crucial. At Preferred Insurance Agency in La Crosse, WI, we want to ensure you have the right coverage for your needs. One of the most common questions we receive is: What’s the difference between full coverage and liability-only auto insurance? Let’s break it down so you can make an informed decision.
Liability-Only Insurance: Basic but Essential Coverage
Liability insurance is the minimum coverage required by law in Wisconsin. This type of policy only covers damages or injuries you cause to others in an accident. It does not cover any damage to your own vehicle.
What Liability Insurance Covers:
- Bodily Injury Liability: Pays for medical expenses, lost wages, and legal fees if you injure someone in an accident.
- Property Damage Liability: Covers damages you cause to another person’s vehicle or property.
What Liability Insurance Does NOT Cover:
- Damage to your own vehicle
- Your medical expenses
- Theft, vandalism, or weather-related damage
Liability-only insurance is typically the most affordable option, making it a good choice for older vehicles with low market value or for drivers looking to meet the state’s minimum requirements.
Full Coverage Insurance: Comprehensive Protection
Full coverage auto insurance includes both liability insurance and additional coverages that protect you and your vehicle. While Wisconsin law does not require full coverage, it is often recommended—especially if you have a newer vehicle or a loan on your car.
What Full Coverage Includes:
- Comprehensive Coverage: Protects against theft, vandalism, fire, and weather-related damage (such as hail or flooding).
- Collision Coverage: Pays for repairs to your car if you’re involved in an accident, regardless of fault.
- Uninsured/Underinsured Motorist Coverage: Helps cover your expenses if the at-fault driver does not have sufficient insurance.
Who Should Consider Full Coverage?
- Drivers with new or financed vehicles: Many lenders require full coverage to protect their investment.
- Drivers in high-risk areas: If you live in an area with frequent storms, deer crossings, or high theft rates, full coverage can save you money in the long run.
- Anyone who wants peace of mind: Full coverage ensures you’re financially protected from unexpected accidents and damages.
Making the Right Choice
The decision between full coverage and liability-only insurance depends on several factors, including your vehicle’s value, budget, and risk tolerance. If your car is older and not worth much, liability insurance may be sufficient. However, if you want complete protection, full coverage is the best option.
At Preferred Insurance Agency, we’re here to help you find the best coverage at the best price. Our knowledgeable agents in La Crosse, WI, can guide you through your options and ensure you’re properly protected.
Ready to review your auto insurance policy? Contact us today for a free, no-obligation quote!
https://www.preferredlax.com/la-crosse-wisconsin/auto-insurance/
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