Does The Hartford offer full coverage insurance? This question is about The Hartford

Does The Hartford offer full coverage insurance?

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This question is about The Hartford

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@WalletHub • 03/25/21 This answer was first published on 03/26/21 and it was last updated on 03/25/21.For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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Yes, The Hartford offers full coverage insurance. A full coverage policy from The Hartford usually refers to car insurance that includes the state’s minimum requirements along with colision and comprehensive insurance, which protect the policyholder’s own vehicle.

The average cost of full coverage car insurance from The Hartford is $2,897. Full coverage from The Hartford is more expensive than a liability-only policy from The Hartford, since it provides more coverage.

A full coverage policy from The Hartford is a good choice for drivers who don’t want to pay out of pocket to repair or replace their car, even if they are at fault in an accident. Collision insurance covers the cost of fixing or replacing the policyholder’s vehicle after an accident, regardless of who was at fault. Similarly, comprehensive insurance covers the policyholder’s car if it’s damaged by something besides an accident, like vandalism, a fire, or a natural disaster. Collision and comprehensive are not mandatory in any state, but they are required for leased and financed cars.

Still, it’s worth noting that full coverage is not the official name of any type of insurance, so be sure to clarify whether collision and comprehensive are included if you’re purchasing a policy from The Hartford. To learn more, check out WalletHub’s guide to full coverage car insurance.

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How to Decide if You Need Full Coverage

You should consider your car’s value and your location when deciding if you need full coverage. If you own your car outright but it’s particularly valuable, your full coverage premium is likely a good investment compared to the car’s worth.

Similarly, even if you could afford to repair or replace the vehicle, it’s smart to keep full coverage if you live in an area with frequent collisions or thefts. After all, full coverage usually refers to a policy that includes collision and comprehensive coverage in addition to the state’s minimum required insurance.

If you are trying to save on your premium but cannot drop full coverage, you might be able to raise your deductible, as long as it isn’t dictated by your insurer or lender. But bear in mind that you should always choose a deductible that you’ll be able to afford in the event of a claim.

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What happens if you don't keep full coverage on a financed car?

If you don’t keep full coverage on a financed car, you could be held responsible for paying for the vehicle in its entirety in the event of theft or an auto accident. You could also lose the car to the lender you signed a contract with if you don’t keep full coverage on your financed car.… read full answer

Nearly all lenders require that drivers carry full auto insurance coverage when they initially finance a vehicle. Lenders also usually stipulate in the contract that some form of full coverage is to be maintained for the life of the loan. Auto lenders impose the full coverage requirement because they want the vehicles they finance, which are technically still their assets, to be protected with the most insurance coverage possible so they can collect the vehicle’s value in case of an accident or theft of the car.

So, if you don’t keep full coverage on a financed vehicle, whether because you miss payments or you purposefully cancel the coverage, you’re likely in breach of your contract. Your insurance company or the DMV may contact the lienholder (lender) to alert them of the change, at which point your lender can legally cancel your contract, request full payment of the loan, or even repossess the vehicle.

Sometimes, if your lender finds you’re not keeping full coverage on a financed vehicle, it will contact you to give you a chance to have it reinstated. If you fail to do this, your lender could purchase an auto insurance policy for the vehicle and add it to the cost of your loan in what’s called “force-placed insurance.” These policies are typically expensive.

Ultimately, it’s best to keep full coverage on a financed car until you own it outright. Only then can you choose the level of car insurance coverage you want, as long as it meets your state’s minimum requirements.

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Why is The Hartford Insurance so cheap?

The Hartford is so cheap because the company offers a wide variety of discounts that almost anyone can get. A minimum coverage policy from The Hartford costs an average of $72 per month, and The Hartford premiums can be made even cheaper by taking advantage of discounts such as safety features discounts and paid-in-full discount. Plus, The Hartford rewards customer loyalty with discounts for insuring more than one car and bundling multiple policies, such as home and auto.… read full answer

Average Monthly Rates for The Hartford vs. Top Competitors

Company	Minimum Coverage	Full Coverage
The Hartford	$72	$241
State Farm	$77	$218
Progressive	$54	$168

Note: Premiums are representative of a 45-year-old good driver in CA; individual premiums will vary.

The Hartford is especially cheap for young drivers in particular. That’s because The Hartford has special savings opportunities for drivers in this category, such as discounts for students who maintain at least a B average.

Your final premium is based on a variety of factors, though, such as your driving record, insurance history, and more. Every insurance company determines their rates differently, so even though The Hartford is among the cheapest car insurance companies, the only way to confirm you’ve found the lowest price is to compare quotes from multiple companies.

To learn more, check out WalletHub’s review of The Hartford and see The Hartford’s full profile.

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