If you’re in the market for auto insurance, you may realize there are quite a few coverage options to choose from.

But, what is the difference between liability and full coverage? Read on for helpful tips to see what works best for you!

Liability Coverage

Liability coverage covers other people in the case of an accident regarding their injuries and property damage. Liability coverage, or ‘third party coverage,’ essentially protects you from paying anything out of pocket in the case of an accident due to you.

In Texas, the minimum liability coverage limits are $30,000 (BI) per individual, $60,000 per accident, and $25,000 property damage liability (PD).

Bodily Injury Liability (BI)

This includes medical bills, lost wages, and other inconveniences the other party suffers due to an accident caused by you. If the damages exceed the limits, you will be liable to cover the amount left.

Property Damage Liability (PD)

Liability Property Damage covers the other party’s property damage due to an accident caused by you. If the damages exceed the limits of your coverage, you are liable to cover any amount left.

Full Coverage

Full coverage consists of a combination of coverage levels. These coverage options vary depending on the type of coverage you want. Two popular options are Collision Coverage and Comprehensive coverage.

Collision Coverage

Collision Coverage covers any repairs or replacement to/of your vehicle in the case of an accident. If you are leasing a vehicle, this type of coverage is required.

Comprehensive Coverage

Comprehensive Coverage covers your vehicle in more cases than just an accident. Comprehensive coverage can take care of expenses to your vehicle due to damage from weather, fires, vandalism, theft, and broken windshields.

Payne Insurance Group

Be sure to speak with your agent to learn about the coverage options best for you!

Payne Insurance Group provides insurance for auto, home, commercial, and much more! Payne Insurance Group has partnered with over 13 businesses across the Rio Grande Valley, As a result, we have created a one-stop-shop for all your automotive needs.

Get your FREE insurance quote today!