5 Easy Steps to Buy car Insurance for First Time Buyers

Step 1. Get all your personal information ready.

When getting car insurance it is a good idea to get all of your personal information on hand. Things like the name, address, birthday, and social security numbers and driver’s license number of every driver in your household. You should also get the details on your car.

Step 2. Calculate out how much coverage you need.

In general, Getting as high of a liability coverage as you can afford is a good idea. Having other insurance is also a good idea.

Liability insurance, it covers damages to others property or bodily injury if you’re at fault for those damages.

Medical payments coverage, it covers healthcare costs to you and your passengers after an accident regardless of who’s at fault.

Personal injury protection insurance, it covers the cost for medical and rehabilitation expenses for you and your passengers injured in a car accident. It also covers other expenses such as lost wages and funeral costs regardless of who’s at fault.

Collision coverage, it covers repair expenses to your car from all traffic related accidents, regardless of who’s at fault.

Comprehensive coverage, it covers any damage incurred when the car is not being driven. Such as floods, tornadoes, wild animals, vandalism and theft.

Gap insurance, it covers the differences between the car’s actual value and the amount you still owe on the car loan or lease.

Every state has their own minimum car insurance coverage requirements. Your states minimum requirements is a starting point to find out how much insurance coverage you need, but the minimum requirements are usually too low to help you in the event of a major accident.

Step 3. Find out where to buy insurance.

There are three main options to choose from when you’re getting car insurance. Buying it online, working with an independent insurance broker or finding a company representative to work with.

Step 4. Compare different companies and choose a policy.

Comparing different companies may sound ridiculous to some people, but it is a very good idea as some companies have better offers than others. Then once you’ve chosen the company you want to buy your car insurance from, it will be time to purchase the insurance.

Step 5. Cancel your old policy.

If you have an old policy, make sure to cancel it after your new coverage is ready. You should set the date of your cancellation and start of your new policy on the same date to make sure there are no spaces where you’re not insured.

And there you have it, you’ve officially gotten your car insurance. Now you can sit back and rest easy knowing that your car is safe and sound.