This type of car insurance is no doubt the most expensive.
With so many cars financed by finance companies, this is also the most common type of car insurance since most finance companies make this a requirement that a car owner should insure their automobile fully comprehensive.
Fully comprehensive car insurance, and the name suggests insures the owner against all kinds of events, big or small.
From a simple accident like scratches and dents to the more extreme like car theft an total wrecks.
One advantage that this insurance has is that you don't have to prove too much to the insurance company in order to make a claim.
Let's take an example.
When you get into an accident, say another car bumps you and scratches your car and the owner of the car doesn't give you his insurance detail of worse, just drives away from the incident, you can still claim insurance from your insurance company.
Also if your car is stolen, the fully comprehensive insurance allows you to claim against the insurance company.
As a downside though, you must read your insurance policy very carefully.
Most auto insurance companies don't insure 100% of the value of your car.
Most will settle at 80% or somewhere around that area.
This is to defend themselves from fraudulent car owners who deliberately take their car into an accident, or claim false thefts to take advantage of their insurance.
Fully comprehensive car insurance is the most recommended type of insurance for your car and despite the disadvantages, getting this type of insurance is still the most recommended.