Here are some scenarios when full coverage auto insurance might be a good idea:
● Leasing or Financing a Car: If you're leasing or financing your car, your lender will likely require you to have full coverage insurance. This is to protect their investment in case the vehicle is damaged or totaled.
● New or Expensive Vehicle: If you own a new or expensive vehicle, repairs or replacement can be costly. Full coverage insurance can help cover these potential costs.
● Living in High-Risk Areas: For those living in areas with high rates of car theft or prone to natural disasters, comprehensive coverage can provide protection against these risks.
● Frequent Driving: If you drive a lot, especially in heavy traffic or long distances, the chances of accidents increase. Full coverage insurance can provide financial protection against these higher risks.