Full coverage auto insurance provides comprehensive coverage for your vehicle, including damage to your car caused by accidents, theft, vandalism, and other covered perils. It also includes liability coverage, which protects you if you cause damage to someone else's property or injuries to another person.
Third Party Auto Insurance
Third-party (liability) auto insurance only covers damage to other people's property or injuries to other people caused by you or another driver of your car. It does not cover damage to your own vehicle.Liability insurance is legally required in most states.
Coverage Comparison
Full coverage auto insurance provides more comprehensive coverage than third-party auto insurance. Here's a table that summarizes the key differences between the two:
Coverage Full Coverage Third Party (Liability)
Damage to Your Vehicle Comprehensive coverage No coverage
Damage to Other People's Property Comprehensive coverage Comprehensive coverage
Injuries to Other People Comprehensive coverage Comprehensive coverage
Theft of Your Vehicle Comprehensive coverage No coverage
Vandalism to Your Vehicle Comprehensive coverage No coverage
Liability Coverage Comprehensive coverage Legally required in most states
Cost Comparison
Full coverage auto insurance is typically more expensive than third-party auto insurance. The cost of your auto insurance policy depends on a number of factors, including the type of coverage you choose, your driving record, and your vehicle.
