Auto Insurance – Full Coverage vs. Liability-Only: Which Is Right for New York Drivers?

Choosing auto insurance can be overwhelming for New York drivers. If you’re comparing full coverage with liability-only policies, Morais Agency can help you pick coverage that fits your needs and budget.

What is Liability-Only Auto Insurance?

Liability-only auto insurance is often the minimum coverage required by law. This policy may pay for injuries or property damage you cause to others in an accident, but it does not cover costs for your own vehicle or your own injuries. Liability-only coverage is typically chosen by drivers with older cars or those aiming to keep insurance costs lower. However, this option can make you responsible for repairing your own vehicle after an accident.

What Does Full Coverage Include?

Full coverage auto insurance typically combines liability, collision and comprehensive coverage. In addition to meeting state requirements, full coverage may help pay for damage to your own car from accidents, theft, vandalism or certain weather events.

Full coverage may be valuable if you have a newer or leased car, or if you want greater financial protection against unexpected repair costs. While it generally costs more than liability-only coverage, it may offer more support for drivers who rely on their car daily or want to avoid paying for repairs themselves.

What Factors Should I Consider When Choosing Coverage?

When deciding between liability-only and full coverage, consider these factors:

• Vehicle value: Newer, higher-value or financed vehicles may benefit from full coverage, while it may make sense to pair older cars with liability-only coverage.
• Budget: Liability-only policies generally cost less but may offer less coverage for your own vehicle.
• Driving habits: If you drive frequently, commute long distances, or rely on your car daily, you may want the extra support that full coverage can provide.
• Legal requirements: State laws set minimum liability limits, but you can often choose higher limits and add other coverages.

Our Team Can Help

Contact Morais Agency today to review your options and request a free custom quote.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.