All You Need to Know Before Buying Auto Insurance for New Drivers
Are you a new driver looking for some tips on buying auto insurance? There are some important considerations to keep in mind before choosing an auto insurance policy and any supplemental coverage. The process of shopping for new driver auto insurance isn’t quite the same as buying for auto insurance as a seasoned driver or renewing an existing auto insurance policy. Without reviewing all your options, you could miss out on some important coverage.
Shopping the Lowest Prices
Going the cheap route when buying auto insurance for new drivers sounds like a good idea, but it’s not always the wisest choice. The most affordable premium prices usually offer only the minimum amount of coverage and an inadequate amount of support from the insurance supplier. As a new driver, purchasing insurance and filing a claim is very new to you. When it comes time to file a claim, policyholders want trusted, reliable, and personalized service to guide them through the claims process. When you put a bit more money into your auto insurance coverage, you’ll reap greater benefits than you would with rock-bottom prices.
Thinking the Minimum is Enough
Car insurance is mandatory in New Jersey, but that does not necessarily mean that the minimum required coverage is sufficient for a new driver. The most basic auto insurance plans cover $5,000 of property damage liability and $15,000 of personal injury protection. If you are involved in a devastating car accident, and financial expenses total more than your allotted coverage, the policyholder is financially responsible for the remainder of the claim. Accidents happen more often than we’d like to think, especially for new drivers. Make sure you’re considering more than the minimum.
Foregoing Optional Coverage
Auto insurance can benefit your driving experience far beyond car crashes. As a new driver, you may not be well versed in the additional types of insurance you can purchase. Comprehensive insurance helps to cover any car damages that are not related to a car accident, such as fire, theft, or falling objects. Gap insurance is another beneficial supplement to your auto insurance policy. While the state of New Jersey does not require this insurance, many auto leases often include it. As a new driver, you are probably purchasing or leasing your first car. If this car is then damaged beyond repair, gap insurance helps to cover the difference between what your vehicle is currently worth and what you still actually owe on it.
Learning to drive is an exciting time in life. But don’t get too caught up in the excitement that you forget to do your research on auto insurance for new drivers. With Schechner Lifson Corporation on your side, we’ll help you find the best possible policy for your new driver. Contact our team today to learn more.