When purchasing a new vehicle, many drivers are tempted to keep the same old auto insurance coverage limits or do whatever they can to lower their rate.
But finding the best auto insurance, like shopping for a new car, is about much more than the sticker price. So let’s uncover why shopping for insurance and a new ride often go hand in hand – and how a local pro like a Middle Creek Insurance Agent can help.
Looking for peace of mind? Look no further. Get an auto insurance quote today.
What to ask your insurance agent before buying a new car
When you’re in the market for a new vehicle, one of the smartest things you can do is talk to a Middle Creek Insurance Agent before you buy. Why? We can offer insurance tips and potential ways to save on your new purchase. For example:
- What will it cost to insure the different makes and models I’m considering?
- Is there a significant difference in cost of parts or labor for the cars I’m looking at?
- Am I eligible for any new auto insurance discounts?
- Do I need to make any changes to my policy when I buy my new car?
- Are there any coverage gaps I need to be aware of?
Remember: If you’re buying a new car, proof of insurance may be required before driving your new car off the lot. If you’re already a customer, your agent is just a phone call away to help you provide the right documentation to show the dealer before you take it home. If you’re an existing ERIE customer, you can access your insurance ID card through your ERIE Online Account.
Just make sure to give your agent a call first thing on Monday.
Will buying a new car affect my auto insurance rate?
Chances are when you buy a new car, your monthly auto insurance premiums will change, too.
That’s because your auto insurance rate depends on a number of different factors, including the car you drive. And each insurance company may look at these factors, such as your vehicle’s safety ratings and cost of repairs, differently.
Generally, cars with higher safety ratings and anti-theft devices can help lower your rate. But those features could be more expensive to repair after an accident, too. On the other hand, older cars may be cheaper to fix, but they often aren’t equipped with high-tech safety features to help prevent accidents.
When getting quotes for insurance, keep in mind that your driving history impacts your insurance rate more than what you drive. So regardless of the make and model you choose, being a safe driver can go a long way.
What type of coverage do I need for my new car?
Your first thought may be to look for the lowest price, but don’t let the excitement of a new car push you toward bare-bones coverage that can leave you vulnerable to dangerous coverage gaps.
Your local Middle Creek Insurance agent can help you find that sweet spot where you can get customized coverage that protects you and respects your budget. If you’re buying a new car, make sure to ask about these options:
- Auto Security: It’s true: Your new car depreciates the moment you drive it off the lot. But that doesn’t mean your insurance coverage should, too. With the Vehicle Replacement Cost endorsement, if your new car gets totaled, insurance will pay you the cost to replace it with the newest comparable model year (minus your deductible).
- ERIE Auto Plus®: Erie Insurance customers have the option to enhance your coverage with features such as diminishing deductible. 3
A local insurance agent can also explain what kind of coverage you’d need to cover common types of claims, such as windshield chips or hitting a deer.
Buying a new car? Get a quote with ERIE
With the right insurance company, quality coverage starts and ends with your Middle Creek Insurance agent. Learn more about our auto insurance coverage.
Every Middle Creek Insurance Auto policy comes with a local agent ready to walk you through the entire process and answer your questions — because you deserve an auto policy that’s personal, fair and affordable.
Contact Middle Creek Insurance and learn how we can help you protect your new set of wheels and travel with you on the journey ahead. Give us a call at 919-524-2149.
- 1The endorsement is sold on a per-vehicle basis, not per policy, and contains the specific details of the coverages, terms, conditions and exclusions. Coverage is not available in New York or North Carolina. Eligible vehicles must carry both comprehensive and collision coverage and replacement must be made with a comparable model. See individual policies for specific coverage details. New vehicle replacement and better vehicle replacement do not apply to leased vehicles. Auto lease/loan component and repair coverage applies to a leased vehicle. Coverage does not include items such as overdue payments and carry-over balances from previous leases/loans, etc. When payment is made under new vehicle replacement or better vehicle replacement, auto lease/ loan or repair coverage will not apply. Insurance products are subject to terms, conditions and exclusions not described here. Ask your ERIE agent for details.
- 2Rates subject to change if you add or remove a vehicle, add or remove a driver, or change your address or the place you usually park your car. ERIE Rate Lock® does not guarantee continued insurance coverage. Not available in all states. Limited to three years in Virginia. Insured must meet applicable underwriting guidelines. Premium may change if you make a policy change.
- 3Coverage must be purchased to be added to an auto policy. The deductible is reduced by $100 for each claims-free year up to a maximum reduction of $500. In New York, comprehensive deductible cannot be reduced to less than $50 and collision deductible cannot be reduced to less than $100.
Buying a Car? Talk to a Local Insurance Agent First (erieinsurance.com) Original article
