A recent survey completed by OnlineAutoInsurance.com, an online extension of a California based auto insurance brokerage, found that an overwhelming majority of consumers are under a false sense of comfort based on a misunderstanding of their current auto insurance coverage.

OnlineAutoInsurance.com interviewed 100 consumers about their understanding of what their current auto insurance policy would cover in case of an at fault automobile accident.

Interview results indicated that 82% of consumers who believed to have “full coverage” auto insurance were under the false impression that in case of an at fault accident, their policy would provide coverage for all medical injuries and vehicle damages sustained by both parties involved in the accident.

In fact, interviewed consumers stating to have full coverage, only had liability bodily injury coverage of $15,000 per person, $30,000 total limit for multiple persons, $5,000 for property damage (vehicle damages, etc) along with comprehensive and collision coverage for their vehicle.

In the event a consumer having the above coverage were to strike and cause damages to another vehicle exceeding $5,000 and medical injuries to passengers in excess of $30,000, there could be a substantial amount of “uncovered” damages leaving the consumer liable and vulnerable to lawsuits.

Although full coverage really doesn’t exist, one can increase liability coverage limits and purchase additional available coverage which can help prevent a devastating situation where you would be left liable for uncovered damages to yourself and others in the event of an at-fault accident. Most consumers will be surprised to find additional coverage reasonably affordable.

Log onto OnlineAutoInsurance.com and visit the Learning Center to learn more about coverage and to compare free online auto insurance quotes from multiple quality companies all with one simple process. Feel free to quote the many different coverage options available with no obligation to purchase a policy.

Courtesy of http://www.OnlineAutoInsurance.com