Full coverage is something that is very beneficial to have on your auto policy. This will give you a deductible to pay, then the insurance company pays the rest to repair your vehicle. With most all vehicles that have a loan, the bank will require you to keep full coverage on your vehicle. But once the vehicle is paid off, a lot of people will change the coverage to liability.
Then at the time of an accident, if they only have liability, the insured's vehicle would not be covered. This is in the case, that the insured was the driver at fault. The value of your vehicle definitely plays a role in this as well. For example, if your vehicle is worth $3,000 and you have a $1,000 deductible, you have to consider the amount you would be saving versus having to pay out of pocket to repair your vehicle. It is a great idea to go over coverage with your local Tulsa agent, so they can help guide you on what the best option is for you.