Do I need full coverage on a 2015 Dodge Ram?

"Is there a reason to keep full coverage if I can save money? I pay $300 a month for full coverage on my Dodge Ram, but I can switch to liability for $150 a month."

Answer provided by
Emily Maracle
Answered on Jul 27, 2021
Emily Maracle is a car insurance specialist living in New York. Originally from the Pacific Northwest, she has a degree in English Literature and a background in customer service. She enjoys cooking, gardening, and living sustainably. In the future, she can't wait to upgrade to a hybrid or electric car.
“The benefit to having full coverage on your vehicle is that it’s protected from damage in most situations.
Full coverage is made up of comprehensive insurance and collision insurance.
Comprehensive covers your vehicle if it’s damaged by one of the covered perils in your policy. This usually includes damage from theft, vandalism, hitting an animal, or natural disasters like a flood.
Collision insurance covers your vehicle if it’s damaged by hitting another vehicle or object.
If your vehicle is financed, most lenders require that you carry full coverage. If it’s not financed, you should think about whether you could afford a new vehicle if your vehicle was damaged.
If you couldn’t, it may be a good idea to keep full coverage on your vehicle. Although it costs more upfront, it may save you thousands of dollars in the future.”

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