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Tips For First-Time Car Insurance Buyers

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Car insurance can seem like an intimidating purchase to make, especially if you’re buying it for the first time. But it doesn’t have to be! There are plenty of things you can do before buying car insurance to help you get the best rates possible and make sure you end up with a policy that meets your needs exactly. Follow these tips as you shop around and ask lots of questions to find out which car insurance company and policy will be right for you.

Do I Need Car Insurance?

You might not think you need car insurance, but it’s always a good idea to have some coverage. According to a 2016 report by Consumer Reports, 16 percent of drivers do not have auto insurance—and more than two million of those are under 25. Whether you opt for liability only or comprehensive coverage, though, expect to pay a premium. Consider your driving record and budget before purchasing.

Get the Right Amount of Coverage

The most important thing to do is get enough car insurance. That means you need to look at your needs. The main components of a policy are liability and physical damage. Liability covers injuries and property damage to others in an accident caused by you or your car. Physical damage pays for repairs after an accident if you’re not legally liable. There are other types of coverage, such as medical payments, uninsured motorist protection, comprehensive coverage, and collision coverage. Decide what’s right for you based on how much money you can afford to spend each month on premiums (that cost will vary depending on where you live) and how much risk you want to assume should an accident occur.

Avoid Scams When Shopping For Car Insurance

If you’re a first-time car insurance buyer, it can be difficult to know which auto insurance provider is best. Since there are so many options out there, shopping around can help you find an affordable policy that meets your needs. At the same time, make sure you take the necessary precautions to avoid being scammed. By doing your research and shopping around, you can secure a high-quality policy at a reasonable price. Best of luck!

What other types of coverage are available?

When buying car insurance, you can add coverage for yourself and any passengers in your vehicle. For example, if you live with a spouse or children that drive their cars and you want to be protected should they get into an accident, it’s possible to purchase additional coverage for them. Also known as secondary or umbrella coverage, these options are often available when buying basic liability insurance, but may come at an additional cost. Another addition is medical payments coverage, which covers medical expenses resulting from an auto accident. If you have health insurance through your employer, though, it’s usually cheaper to carry supplemental medical payments rather than primary health insurance.

Finding cheap car insurance

Just because you don’t have a ton of driving experience under your belt doesn’t mean you shouldn’t pay less for auto insurance. You just need to know where to look. Here are some tips on finding cheap car insurance as a first-time driver Ask your friends and family members if they can recommend any reputable companies that provide low-cost coverage.

Generally, these companies cater to drivers who tend to be safer (i.e., younger) and those who want lower deductibles—either way, these policies usually cost less than what major companies offer, making them especially appealing to first-timers looking for more bang for their buck. However, there’s no guarantee that these policies will include all of your required coverages; in fact, it could result in a lapse in coverage, which is never good news if you get into an accident while insured with one of these companies.

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