Tips For First-Time Auto Insurance Buyers

Buying auto insurance can be a daunting task for first-timers. There are multiple types of insurance to consider, and multiple factors that go into getting the best quotes. Here are some tips that will hopefully simplify the process and help you find a good policy that perfectly fits your circumstances.

Check the Minimum Amount of Auto Liability Insurance Required by Your State

Keep in mind, however, that the minimum coverage required by your state may not be enough to provide you adequate financial protection in case of an accident. 

Determine How Much Coverage You Need

This will vary based on your age, address, vehicle type, miles driven, credit score, and more.

In addition to liability coverage, you can also purchase add-ons including:-

Personal injury protection (PIP): Covers you and the passengers riding in your car

Uninsured motorist coverage: Covers damages caused by an uninsured/ underinsured motorist

Comprehensive insurance: Covers your car for all damages caused by fire, theft, vandalism, hitting an animal, and falling objects.

Shop Around to Find the Best & Most Affordable Car Insurance Policy 

Comparison shopping will help you save, as quotes can differ quite a bit from insurer to insurer. Bonus tip: Reading customer reviews will give you an idea of the customer service you can expect.

Ask About Discounts and Ways to Save 

You can save a lot of money on premiums by qualifying for discounts like:-

Low mileage: You drive under a certain number of miles per year (specified by the insurer).

Safe driving: You have a clean driving record and maintain safe driving habits Safety features: You equip your vehicle with anti-lock brakes and anti-theft devices.

Good student: You maintain a certain GPA.

Other Ways to Lower Your Costs

– Pay for an entire year of coverage in one go, rather than paying monthly.

– Raise your deductible if you’re willing to pay more out-of-pocket costs (and take on a bit more risk)

– Drop some coverage if you have an old car that’s not worth a lot of money

– Boost your credit score