Car insurance can be confusing, to say the least. Between finding an insurance company that offers the coverage you want at a price you can afford and understanding how to use your policy properly, there are plenty of points in the process where things could go wrong. As long as you keep in mind these seven tips for first-time car insurance buyers, though, you’ll have no trouble getting started or finding the perfect policy to fit your lifestyle and needs!
1: Know what you need
When buying car insurance, it’s important to know what you need. The type of car you drive and how much it costs to replace, or repair can be a major factor in what type of coverage you need. There are four different levels of coverages: liability, comprehensive, collision and uninsured motorist. Liability is the amount your insurance company will pay if you’re found liable for causing an accident that results in injury or property damage. Comprehensive is for damages not caused by accidents, like theft or vandalism. Collision helps pay for damages caused by accidents and uninsured motorist helps protect your family if one of them gets into an accident with someone who doesn’t have auto insurance.
2: Do your research
3: Get quotes from multiple companies
4: Consider all your options
- being a good driver
- being single
- taking a defensive driving course
- living in a safe neighborhood (a.k.a. low crime)
- installing an anti-theft device in your car
- have auto theft coverage on your house and/or renters insurance
5: Understand the terminology
- Bodily injury – the cost to repair or replace someone else’s property that you damaged in an accident.
- Property Damage – the cost to repair or replace your own property that was damaged in an accident.
- Comprehensive coverage – protection against losses other than those that are collision related, such as theft and vandalism.
- Collision Coverage – protection against losses when you collide with another vehicle or object.
- Deductible – amount that must be paid out-of-pocket before insurance starts paying for covered losses.
- . Liability Coverage – protection against lawsuits alleging that you were negligent and caused injury or damage to others.
- Uninsured motorist coverage – protects you if an uninsured driver causes injuries or damages your vehicle.
6: Don’t be afraid to ask questions
- Which types of vehicles will I be driving?
- What are my needs in terms of coverage?
- How much do I want to spend on my premium?
- Where can I find my best rates?
7) Review your policy regularly
Top 5 Questions to Ask a Motorcycle Lawyer
When you’ve been injured in a motorcycle accident, it’s normal to be concerned about your health and financial future. Luckily,...
10 Myths About Car Insurance You Need to Stop Believing
Car insurance can be a confusing thing to understand, particularly if you’re new to driving. The fact that the internet...
Tips on How to Prepare For Your Meeting With a Car Crash Lawyer
You are about to meet for the first time with an informed, skilled car accident attorney to discuss a potential...
The 10 Best Car Insurance Companies in the U.S. for 2022
Car insurance can be complicated, but it doesn’t have to be. We’ve done all the legwork of finding the best...
7 Tips for First-time Car Insurance Buyers
Car insurance can be confusing, to say the least. Between finding an insurance company that offers the coverage you want...
7 Tips to Get the Best Car Loan Possible – Car Loan
You’ve found the car of your dreams, and now you’re ready to drive it home — but first, you need...
New Assurance Data Reveals: 10 most stolen cars in Ontario
According to the latest insurance data release, drivers of Lexus RX, Honda CR-V, or Ford F-150 pickup truck were most...