{"id":7387,"date":"2022-04-21T19:19:13","date_gmt":"2022-04-21T19:19:13","guid":{"rendered":"https:\/\/veloxinsurance.com\/?p=7387"},"modified":"2023-11-07T16:04:34","modified_gmt":"2023-11-07T16:04:34","slug":"do-i-need-full-coverage-insurance","status":"publish","type":"post","link":"https:\/\/veloxinsurance.com\/blog\/do-i-need-full-coverage-insurance\/","title":{"rendered":"Which Drivers Need Full Coverage Auto Insurance in Georgia?"},"content":{"rendered":"\n<p>For many Georgia drivers, full coverage <a href=\"https:\/\/veloxinsurance.com\/auto\/\" target=\"_blank\" rel=\"noreferrer noopener\">auto insurance<\/a> seems like a luxury \u2014 a nice-to-have rather than a need-to-have. After all, why pay more for full coverage when liability insurance is all that is required by law?&nbsp;<\/p>\n\n\n\n<p>The truth is that full coverage auto insurance is not only a requirement for many drivers, but it\u2019s also one of the smartest investment decisions you can make. This article explains what full coverage auto insurance is as well as what kinds of drivers need full coverage insurance in Georgia.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-is-full-coverage-auto-insurance\">What Is Full Coverage Auto Insurance?&nbsp;<\/h2>\n\n\n\n<p>Full coverage auto insurance typically includes liability insurance as well as collision and comprehensive insurance. Some other optional types of coverage may be included in the term \u201cfull coverage,\u201d but for the most part, when people refer to full coverage, that\u2019s the package they mean. It\u2019s generally what is required when your vehicle is financed.&nbsp;<\/p>\n\n\n\n<p>Since the term full coverage is, in many cases, defined by the person using it, different insurance companies offer <a href=\"https:\/\/veloxinsurance.com\/understanding-the-6-main-types-of-auto-insurance-coverage\/\" target=\"_blank\" rel=\"noreferrer noopener\">different types of car insurance<\/a> as part of their full coverage plans. Those coverages often include:&nbsp;<\/p>\n\n\n\n<ul>\n<li><a href=\"https:\/\/veloxinsurance.com\/why-you-need-liability-insurance-in-georgia\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Liability insurance<\/strong><\/a><strong>:<\/strong> Covers injuries to other people and damage to other property if you\u2019re at fault for an accident. All Georgia drivers must have a minimum amount of liability coverage.&nbsp;<\/li>\n\n\n\n<li><strong>Collision insurance:<\/strong> Covers damage to your car when it is involved in a covered event, regardless of who\u2019s at fault.&nbsp;<\/li>\n\n\n\n<li><strong>Comprehensive insurance:<\/strong> Covers damage to your car that is outside the scope of normal definitions of car accidents.&nbsp;<\/li>\n\n\n\n<li><strong>Uninsured\/underinsured motorist insurance (UM\/UIM):<\/strong> Covers your injuries and car damage if someone else is at fault for an accident but doesn\u2019t have any insurance or doesn\u2019t have enough liability insurance or if you are the victim of a hit and run.&nbsp;<\/li>\n\n\n\n<li><strong>Personal injury protection (PIP):<\/strong> Covers your injuries if you\u2019re involved in an accident, regardless of who\u2019s at fault. PIP also covers indirect expenses such as lost wages.&nbsp;<\/li>\n\n\n\n<li><strong>GAP insurance:<\/strong> Covers the difference between the current value of your car and the amount you still owe in car or lease payments if your car is stolen or totaled.&nbsp;<\/li>\n\n\n\n<li><strong>Rental reimbursement:<\/strong> Covers the cost of a rental car while your car is being repaired.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>As you can see, full coverage auto insurance plans will protect you and your car from almost any type of unexpected event. But do you really need a full-coverage plan, and is it worth the cost? In many cases, the answer to both questions is yes.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-who-needs-full-coverage-auto-insurance-in-georgia\">Who Needs Full Coverage Auto Insurance in Georgia?&nbsp;<\/h2>\n\n\n\n<p>You should seriously consider full coverage auto insurance if:&nbsp;<\/p>\n\n\n\n<ul>\n<li>You finance or lease your car&nbsp;<\/li>\n\n\n\n<li>You can\u2019t afford a new car&nbsp;<\/li>\n\n\n\n<li>You use your car for business&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>Let\u2019s explore each of the situations in detail.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-you-finance-or-lease-your-car-in-ga\">You Finance or Lease Your Car in GA&nbsp;<\/h2>\n\n\n\n<p>While only liability insurance is <a href=\"https:\/\/oci.georgia.gov\/insurance-resources\/auto\" target=\"_blank\" rel=\"noreferrer noopener\">legally required<\/a> in Georgia, drivers who finance or lease their cars are often required by the leasing or financing company to have full coverage auto insurance. The exact type and amount of coverage will be in your contract.&nbsp;<\/p>\n\n\n\n<p>If you\u2019re caught without full auto insurance coverage, the leasing or financing company usually has the right to take out a policy on your behalf and charge you for the premium. Needless to say, they won\u2019t be taking time to compare quotes and find the cheapest option.&nbsp;<\/p>\n\n\n\n<p>Also, keep in mind that the financing company is mainly concerned about protecting the car, so their version of full coverage focuses on collision, comprehensive, and gap coverage. However, other parts of full coverage auto insurance like rental reimbursement and PIP coverage can go a long way to help you after an accident.&nbsp;<\/p>\n\n\n\n<p>That\u2019s why it\u2019s always in your best interest to <a href=\"https:\/\/veloxinsurance.com\/questions-to-ask-before-buying-car-insurance\/\" target=\"_blank\" rel=\"noreferrer noopener\">shop around<\/a> for Georgia full coverage auto insurance yourself. For a few dollars more in premium payments, you can save yourself thousands in rental car costs and medical bills down the line.&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img decoding=\"async\" loading=\"lazy\" width=\"1000\" height=\"667\" src=\"https:\/\/veloxinsurance.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/11\/which-drivers-need-full-coverage-auto-insurance-in-georgia-2.jpg\" alt=\"\" class=\"wp-image-9997\" srcset=\"https:\/\/veloxinsurance.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/11\/which-drivers-need-full-coverage-auto-insurance-in-georgia-2.jpg 1000w, https:\/\/veloxinsurance.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/11\/which-drivers-need-full-coverage-auto-insurance-in-georgia-2-300x200.jpg 300w, https:\/\/veloxinsurance.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/11\/which-drivers-need-full-coverage-auto-insurance-in-georgia-2-768x512.jpg 768w, https:\/\/veloxinsurance.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/11\/which-drivers-need-full-coverage-auto-insurance-in-georgia-2-720x480.jpg 720w, https:\/\/veloxinsurance.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/11\/which-drivers-need-full-coverage-auto-insurance-in-georgia-2-240x160.jpg 240w, https:\/\/veloxinsurance.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/11\/which-drivers-need-full-coverage-auto-insurance-in-georgia-2-480x320.jpg 480w, https:\/\/veloxinsurance.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/11\/which-drivers-need-full-coverage-auto-insurance-in-georgia-2-180x120.jpg 180w, https:\/\/veloxinsurance.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/11\/which-drivers-need-full-coverage-auto-insurance-in-georgia-2-210x140.jpg 210w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/figure><\/div>\n\n\n<h2 class=\"wp-block-heading\" id=\"h-you-can-t-afford-to-buy-a-new-car-in-ga\">You Can\u2019t Afford to Buy a New Car in GA&nbsp;<\/h2>\n\n\n\n<p>Congratulations! You\u2019ve just paid off your car. That means no more car payments and no need to carry full coverage auto insurance anymore, right? Maybe. Before you call up your insurance company to switch to cheaper coverage, ask yourself, \u201cCan I afford to buy a new car if this car gets totaled?\u201d&nbsp;<\/p>\n\n\n\n<p>On the one hand, full coverage auto insurance is more expensive than minimum liability coverage. But when you consider what you\u2019re getting for your money, it\u2019s actually quite a good deal, especially if you can\u2019t afford to replace your car right now. In many cases, premiums for full coverage are as low as 10% of your car\u2019s value. In other words, you\u2019re protecting the full value of your investment for one-tenth of the price.&nbsp;<\/p>\n\n\n\n<p>If your car does end up getting totaled in an accident, remember that a full coverage insurance policy will pay you the value of your car. You can put this money toward buying a new car, meaning that even a serious accident won\u2019t mean a total investment loss for you. At the same time, full coverage auto insurance will protect you, your family, and other passengers by covering your medical bills after an accident, regardless of who\u2019s at fault.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-you-use-your-car-for-business-in-georgia\">You Use Your Car for Business in Georgia&nbsp;<\/h2>\n\n\n\n<p>If you use your car for business purposes, it almost always makes sense to have <a href=\"https:\/\/veloxinsurance.com\/what-does-commercial-auto-insurance-cover\/\" target=\"_blank\" rel=\"noreferrer noopener\">commercial<\/a> auto insurance that includes full coverage. Examples of using your car for business include:&nbsp;<\/p>\n\n\n\n<ul>\n<li>Transporting people or goods for a fee&nbsp;<\/li>\n\n\n\n<li>Driving frequently between the office or worksite locations&nbsp;<\/li>\n\n\n\n<li>Hauling or towing tools and equipment you need to perform your job&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>If you work for a company and use your car for business, then your employer will need to provide some form of commercial auto insurance. However, that coverage might be less than you think. For example, rideshare companies like Uber and Lyft don\u2019t usually include rental car reimbursement or PIP insurance as part of their standard insurance coverage. This can leave you on the hook to pay thousands in medical and rental car bills if you\u2019re involved in an accident, even if it was while you were on the job.&nbsp;<\/p>\n\n\n\n<p>If you\u2019re an <a href=\"https:\/\/veloxinsurance.com\/the-basic-insurance-needs-of-independent-contractors\/\" target=\"_blank\" rel=\"noreferrer noopener\">independent contractor<\/a> or small business owner, there\u2019s even more incentive to carry full coverage auto insurance, especially if you need your car for critical tasks like driving to worksites or visiting clients. By getting a full coverage policy, you\u2019re reducing the risk that your business will need to pay for emergency car repairs or medical bills. You\u2019ll also be protecting one of your business\u2019s critical assets \u2014 your car.<\/p>\n\n\n\r\n<div class=\"c-section\" id=\"get-callout-block_9e7f883cf1acaf9c9f19bbbdb2c1447e\">\r\n        <div class=\"c-get-callout\">\r\n                            <h2 class=\"c-section__title c-section__title--blue\">Find Affordable Full Coverage Auto Insurance Online Today<\/h2>\r\n                                        <div class=\"o-component s-cms-content s-cms-content--center\">\r\n                    <p>Full coverage auto insurance might seem like a luxury worth passing up, but for Georgia drivers who lease or finance their cars, full coverage is a must. And even after you\u2019ve paid off your car, full coverage is still one of the best financial decisions you can make.<\/p>\n<p>At Velox Auto Insurance, we help Georgia drivers find cheap full coverage auto insurance. All it takes is a few minutes for a free\u00a0<button class=\"js-quote-modal-button\"><span>online car insurance quote<\/span><\/button>\u00a0or you can visit one of our offices\u00a0<a href=\"https:\/\/locations.veloxinsurance.com\/\">in person<\/a>\u00a0to learn more. Finally, you are welcome to pick up the phone and give us a call at\u00a0<a href=\"tel:1-770-293-0623\"><span class=\"white-space\">770-293-0623<\/span><\/a>.<\/p>\n                    \r\n                <\/div>\r\n                                                            <ul class=\"o-component o-list-bare c-get-callout__list\">\r\n                                                                                                                            <li class=\"o-list-bare__item c-get-callout__item\">\r\n                                <button class=\"c-get-callout__link js-quote-modal-button\" aria-expanded=\"false\" aria-controls=\"modalQuote\">\r\n                                    <img decoding=\"async\" class=\"c-get-callout__img\" loading=\"lazy\" src=\"https:\/\/veloxinsurance.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/06\/Group-625427.svg\" alt=\"Computer screen.\" width=\"80\" height=\"80\" aria-hidden=\"true\">\r\n                                        <div class=\"c-get-callout__text\">Quote online<\/div>\r\n                                    <\/button>\r\n                            <\/li>\r\n                                                                                                                                                        <li class=\"o-list-bare__item c-get-callout__item\">\r\n                                <a class=\"c-get-callout__link\" href=\"tel:1-855-468-3569\">\r\n                                    <img decoding=\"async\" class=\"c-get-callout__img\" loading=\"lazy\" src=\"https:\/\/veloxinsurance.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/06\/Group-625577.svg\" alt=\"Hand holding a phone.\" width=\"80\" height=\"80\" aria-hidden=\"true\">\r\n                                    <div class=\"c-get-callout__text\">Over the phone<\/div>\r\n                                <\/a>\r\n                            <\/li>\r\n                                                                                                                                                            <li class=\"o-list-bare__item c-get-callout__item\">\r\n                                <a class=\"c-get-callout__link\" href=\"https:\/\/locations.veloxinsurance.com\/\">\r\n                                    <img decoding=\"async\" class=\"c-get-callout__img\" loading=\"lazy\" src=\"https:\/\/veloxinsurance.com\/blog\/wp-content\/uploads\/sites\/3\/2023\/06\/Group-625579.svg\" alt=\"Two hands approaching.\" width=\"80\" height=\"80\" aria-hidden=\"true\">\r\n                                    <div class=\"c-get-callout__text\">Visit us<\/div>\r\n                                <\/a>\r\n                            <\/li>\r\n                                                                                                    <\/ul>\r\n                                    <\/div>\r\n<\/div>\r\n","protected":false},"excerpt":{"rendered":"<p>For many Georgia drivers, full coverage auto insurance seems like a luxury \u2014 a nice-to-have rather than a need-to-have. After all, why pay more for full coverage when liability insurance is all that is required by law?&nbsp; The truth is that full coverage auto insurance is not only a requirement for many drivers, but it\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":9291,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[3],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/veloxinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/7387"}],"collection":[{"href":"https:\/\/veloxinsurance.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/veloxinsurance.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/veloxinsurance.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/veloxinsurance.com\/blog\/wp-json\/wp\/v2\/comments?post=7387"}],"version-history":[{"count":10,"href":"https:\/\/veloxinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/7387\/revisions"}],"predecessor-version":[{"id":9999,"href":"https:\/\/veloxinsurance.com\/blog\/wp-json\/wp\/v2\/posts\/7387\/revisions\/9999"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/veloxinsurance.com\/blog\/wp-json\/wp\/v2\/media\/9291"}],"wp:attachment":[{"href":"https:\/\/veloxinsurance.com\/blog\/wp-json\/wp\/v2\/media?parent=7387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/veloxinsurance.com\/blog\/wp-json\/wp\/v2\/categories?post=7387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/veloxinsurance.com\/blog\/wp-json\/wp\/v2\/tags?post=7387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}