When you are getting ready to buy your first vehicle, there are a million things to consider like, whether to choose a car with automatic or manual locks and windows, whether to go for the moon roof or a spoiler, and whether or not to hang fuzzy dice over the rearview mirror. But there is an even bigger decision on the horizon for a new car owner, and that is what kind of insurance to have on their new vehicle.
The first step in wading through the mire of insurance dos and don’ts is to get a good agent working for you. Agents can compare the prices of many different insurance companies and help you get discounts. Since newer drivers tend to have more expensive rates due to their inexperience, the ability agents have of hooking you up with discounts is an extremely valuable thing.
Then, you must work with your agent to get the proper coverage for your state, your car, and your potential liabilities. You will discuss the following types of insurance coverages along with deductibles and limits for each:
- Liability: Liability insurance takes care of any damage you cause to others
or their property. You can have bodily injury liability which will pay the
medical expenses of anyone you injure while driving, and property damage
liability which will pay for the damage you cause to others’ property.
- Comprehensive and collision: Since property damage liability doesn’t pay for any damage you may cause to your own vehicle, you’ll need to consider collision coverage. For the non-collision created damage your car can sometimes experience, you need comprehensive coverage. This will reimburse you for theft, vandalism and nature’s fury.
- Uninsured motorist coverage: While you are going to do the right thing and get the auto insurance coverage required by your state, unfortunately, not every driver will be quite as responsible. If you are in an accident with another driver and they are at fault but they don’t have insurance, then your uninsured motorist coverage can supplement their lack of a policy. Without it, you would be required to pay for damages out of your own pocket.
And one last thing, while you might consider just getting the minimum coverage and maximum deductibles required by your state in an effort to create a cheap auto insurance policy, you might find the limits and deductibles you choose are not really appropriate for your situation. Work with your agent to find discounts and create a policy that actually covers you appropriately so that you don’t run into more trouble down the road.
As a Trusted Choice Insurance Agent, you can count on us to get you the best coverages at the best rate possible. Call us today for help!