How to Choose the Auto Insurance Coverage You Need When Buying a New Car

Jun 14, 2019 (0) comment

Tips for choosing auto insurance coverage when buying a new car.

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Did you know that obtaining auto insurance for your new car is a vital step in the purchasing journey? In fact, there are several steps that you should take as you begin to compare auto quotes, examine insurance coverage, and best determine what you need to stay protected. By following these three steps you can choose the auto insurance coverage that is right for you and your new car.

Step #1: Understand What Your State Requires for Auto Insurance

Every state has specific auto insurance coverage requirements. In fact, most states require drivers to have at least one of the following three options.

  1. No-Fault Coverage – In the event of an accident, this type of policy covers the medical expenses for passengers within the vehicle.
  2. Liability Coverage – In the event of an accident, this type of policy will cover the damages incurred by the other party.
  3. No-Fault Coverage and Liability Coverage – Some states will require policyholders to have both types of coverages within their auto insurance policy.

The good news is that the trained insurance professionals at Mauceri-Bynum Insurance not only understand Texas auto insurance laws, but the entire team is also dedicated to helping you find the coverage option that is best for your unique needs.

Step #2: Discover the Differences Between Basic Liability, Comprehensive Coverage, Collision Coverage, and Uninsured Motorist Coverage

The next step in choosing the right car insurance is to understand the differences between basic liability, comprehensive coverage, collision coverage, and uninsured motorist coverage.

Basic Liability

In the simplest of terms, if you drive a new car, then you should have auto insurance. Basic liability insurance will cover the damage to the other party’s vehicle (and potentially person) if you are in an at-fault accident. Without the basic liability policy, you could be responsible for paying for the other party’s damages in an at-fault accident. The other driver could even choose to file a lawsuit against you, which can be incredibly time-consuming, stressful, and expensive. Fortunately, a basic liability policy can offer the protection that you need in the event of an at-fault accident.

Comprehensive Coverage

As its name suggests, a comprehensive coverage policy is designed to offer protection when your vehicle is damaged from a fire, vandalism, theft, and other specific occurrences. This type of policy typically has a wide range of varying deductibles that can help you get the most out of your policy.

Collision Coverage

This type of policy is helpful in the event of an accident. The policy will activate regardless of who is at-fault for the accident. Whether your accident involves another car, a road sign, or any other object, the collision coverage policy will help you pay for the necessary repairs and replacement parts.

Uninsured Motorist Coverage

If you are involved in a no-fault accident (an accident that wasn’t your fault), then you will typically file a claim with the at-fault driver’s insurance company. However, if the other driver isn’t insured, then you could be waiting for a long time to receive compensation for your property damages and injuries. The good news is that uninsured motorist coverage is designed to protect you in the latter scenarios. Whether the at-fault driver has no insurance or only a small amount, the uninsured motorist coverage will cover the difference and give you peace of mind.

Step #3: Get an Auto Insurance Quote

The final step to choosing the right auto insurance policy is to receive a quote, which is where Mauceri-Bynum Insurance comes into play. Our team, located in McKinney, Texas, will explain the different insurance options, give you a quote, and help you make the best decision for you and your loved ones. You can rest easily knowing that our business has a BBB A+ Rating. To discover the right auto insurance for your new car, we invite you to contact a member of the Mauceri-Bynum Insurance team today.

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