Factoring in Insurance When Purchasing a New Car

If you are like most people you are on a budget. That budget is important in all of your minor and major life purchases. A vehicle is definitely a major life purchase. If you are looking purchase a new vehicle there is more to consider than just the sticker price at the dealership. Your insurance premium will be a major part of your overall vehicle cost. Here are a few things to consider. 

The Age of the Vehicle

The age of the vehicle will have a huge impact on the insurance rates. If you are looking to buy a brand new car, then you are going to pay more in insurance premiums. Used, even slightly used vehicles will have drastically cheaper insurance rates. This is one reason buying a used car is usually a better option for your budget. 

The Type of Vehicle

Different types of vehicles will require different rates of insurance. For instance, a sports car will not have the same insurance rates as a minivan. You will want to do your homework ahead of time to make sure you can afford the insurance on the type of vehicle you are considering. Getting surprised after purchasing your vehicle is not a good feeling. Prepare yourself ahead of time with the information you need. 

Overall Price

The cost of your vehicle will be the car payment, plus insurance. Many dealerships also offer gap insurance which will cover any remaining costs should the something happen to the car and your insurance does not cover the full amount of what you owe on the car. Gap insurance is a smart investment if you will be financing your vehicle. Looking at the overall price before purchasing your vehicle will help you make a better-informed decision. 

If you would like to learn more about having insurance placed on a new vehicle contact us at Insure It All serving Ammon ID.

 

How To File A Basic Claim

Auto insurance is confusing no matter who you are or how well versed you are on the subject. You can have all your information laid out, but without having a plan, filing even the most basic claims can be difficult. For those that live in the Ammon, ID area, the agents with Insure It All can help you file every claim you have no matter how simple or complex.

The first step to every claim is to assess the damage. If you have called the police, odds are they will take photos of the accident and will help you file a police report so that you can document what happened. They will also help you get to the hospital if you need it and there you will fill out forms and information that you can use to start the claims process.

The second step after you have filed a police report and have been treated medically is to take the time to call your agent. Your agent will help you fill out the necessary paperwork and schedule the consultations that you need to get your claim processed and on the road to being paid out. Your agent will help you fill out the forms and schedule the meetings with adjusters to start the repair process.

You will then need to wait for the claim to process and for your car to be repaired or replaced so that you can get back to living. Filing a claim does not have to be difficult. If you live in the Ammon, ID area, the agents with Insure It All can help you file and complete your claims so that you can get back to living your life without worrying about your auto claims. For any other insurance questions, reach out to us by phone or stop by our office to talk with an agent.

Does Your Auto Policy Cover the Costs of the Other Driver

For most that hold an auto insurance policy, there are hundreds of questions that you want to ask. One that is often asked is does your auto policy cover the costs of the other driver. For those in the Ammon, ID area, the agents with Insure It All can look at your current policy and tell you specifically what it covers.

In all cases, drivers are required to hold what is referred to as a liability policy. This means that you have to have some sort of coverage to help cover the costs of the other driver. This liability sum or amount varies from state to state in regards to what you are required to carry. One state might require that you hold a certain amount of coverage on the other driver which means that your policy will pay toward the costs of the other drivers. Another state may require more or less liability coverage.

For those that hold a full coverage policy, your insurance is likely going to pay much more on the costs of the other driver. There is often a cap on how much your insurance will pay but it could be into the hundreds of thousands depending on how severe the accident is. Even liability policies are going to cover at least a portion of the costs of the other driver. This is why liability insurance is required as a minimum for drivers in every state in the United States.

You can always add more coverage for yourself and other drivers. You can even add extra coverage for the occupants and passengers of your vehicle. If you live in the Ammon, ID area, the agents with Insure It All can explain what your policy covers for all drivers involved.

Finding a Used Car at the Best Value

Insure It All in Ammon, ID  understands that finding the right car for your family is vital considering the precious cargo it’s going to haul. You need something safe that fits your needs. You also need to make sure that it’s reliable.

1. Decide What You Need

Determining your needs is the first steps to purchasing a new used family car. It’s easy to go to the lot and forget about what you actually need when you find a car for cheaper than you originally expected to pay.

2. Shop Around

Take a look at lots and ads private sellers have running. Look at the vehicles that match your needs and price range. Take them for test drives, look under the hood and ask questions. Request information regarding the maintenance done on them throughout the years.

3. Take Notes

Once you find an automobile that seems like one that fits your needs, take notes regarding anything wrong with it and make a rough estimate in your head of what the cost of the repairs will be. This is one time when you’ll benefit from bringing your phone because you’ll be able to look up prices to repair parts. Keep in mind that if you can repair it yourself and/or find used parts, you’ll save money.

4. Negotiate

Don’t let the asking price be a definite decision regarding what you pay. Bring up the negative aspects of the car and ask if there’s any way to get a reduced price or have the issues repaired. You could even go as far as to say you only have so much money to put down on the car and see if the person is ready to go lower.

After you select the car that’s in your budget and meets your needs, you’ll need to purchase insurance. You may even want to contact an insurance company prior to purchasing, so you know how much you can expect to pay. Contact Insure It All in Ammon, ID today to request a quote.