Buying a new car can be very exciting! But don’t forget that you will need new car insurance to take care of the car you just purchased.
Purchasing new car insurance can be different from purchasing car insurance for an older vehicle. Here is some information that may help make your new car insurance choice easier.
Types Of Coverage For New Car Insurance
There are many different types of auto insurance coverage that are available to you. However, choosing the right types of coverage for your situation can be confusing. While you don’t want to have unnecessary coverage, you want to make sure you have sufficient coverage to protect you in an accident.
While your state will require you to have a certain amount of auto insurance coverage, this may not be enough coverage for you. If you have a new car you will probably want to add comprehensive coverage and collision coverage to your new car insurance policy.
Neither of these coverages are mandatory in any state. However, they are often required by lenders when a car is still being financed.
Comprehensive coverage is coverage that will pay for damages to your car if it is stolen, vandalized, etc. It will cover non accident related damages. If you have a new car then the value of your car will most likely make purchasing this auto insurance a reasonable and necessary decision.
Collision coverage will pay for damages to your car when you are in an accident. This is also a type of coverage that you will most likely want to add to your new car insurance policy.
New Car Insurance Replacement Coverage
Another thing you may want to look into when purchasing your new car insurance is the New Car Replacement insurance option that some top car insurance companies now offer. Typically this coverage allows you to get a new car replaced if it is totaled within the first three years, in most cases. Most auto insurance policies will just cover you for the amount of the depreciated value of your new car, not the replacement cost.
This would definitely be something worth looking into when buying new car insurance. You can compare quotes from top companies now with our free auto insurance quote finder.
Compare New Car Insurance Quotes
Insuring a new car can definitely be more expensive than insuring an old one. The best way to find affordable new car insurance is by shopping around and comparing quotes from multiple auto insurance companies before you buy.
Use our free car insurance quote finder now to find the new car insurance policy you need!