When buying a brand new automobile, many drivers are tempted to maintain the identical outdated auto insurance coverage protection limits or do no matter they’ll to decrease their charge.
However discovering one of the best auto insurance coverage, like looking for a brand new automobile, is about rather more than the sticker worth. So let’s uncover why looking for insurance coverage and a brand new journey usually go hand in hand – and the way a neighborhood professional like an ERIE insurance coverage agent might help.
What to Ask an Insurance coverage Agent Earlier than Shopping for a New Automobile
If you’re out there for a brand new automobile, one of many smartest issues you are able to do is speak to a neighborhood automobile insurance coverage agent before you purchase. Why? An area agent can supply insurance coverage ideas and potential methods to save lots of in your new buy. For instance:
- What’s going to it value to insure the totally different makes and fashions I’m contemplating?
- Is there a major distinction in value of components or labor for the vehicles I’m ?
- Am I eligible for any new auto insurance coverage reductions?
- Do I must make any modifications to my coverage once I purchase my new automobile?
- Are there any protection gaps I want to pay attention to?
Bear in mind: Should you’re shopping for a brand new automobile, proof of insurance coverage could also be required earlier than driving your new automobile off the lot. Should you’re already a buyer, your native agent is only a telephone name away that will help you present the correct documentation to indicate the vendor earlier than you are taking it dwelling. Should you’re an current ERIE buyer, you may entry your insurance coverage ID card via your ERIE On-line Account
Study extra in our associated explainer: Is Your New Automobile Coated Below Your Auto Insurance coverage Coverage?
Will shopping for a brand new automobile have an effect on my auto insurance coverage charge?
Chances are high whenever you purchase a brand new automobile, your month-to-month auto insurance coverage premiums will change, too.
That’s as a result of your auto insurance coverage charge relies on a variety of various factors, together with the automobile you drive. And every insurance coverage firm could take a look at these elements, comparable to your automobile’s security scores and price of repairs, otherwise.
Usually, vehicles with increased security scores and anti-theft gadgets might help decrease your charge. However these options might be dearer to restore after an accident, too. Then again,older vehicles could also be cheaper to repair, however they usually aren’t geared up with high-tech security options to assist stop accidents.
When getting quotes for insurance coverage, take into account that your driving historical past impacts your insurance coverage charge greater than what you drive. So whatever the make and mannequin you select, being a protected driver can go a great distance.
Study extra in our associated explainer: What Determines the Value of My Auto Insurance coverage?
What Sort of Protection Do I Want for My New Automobile?
Your first thought could also be to search for the bottom worth, however don’t let the thrill of a brand new automobile push you towards bare-bones protection that may depart you susceptible to harmful protection gaps.
Your native ERIE agent might help you discover that candy spot the place you may get custom-made protection that protects you and respects your funds. Should you’re shopping for a brand new automobile, ensure to ask about these choices:
- Auto Safety: It’s true: Your new automobile depreciates the second you drive it off the lot. However that doesn’t imply your insurance coverage protection ought to, too. With the Auto Safety endorsement, in case your new automobile1 will get totaled, ERIE can pay you the price to switch it with the most recent comparable mannequin 12 months (minus your deductible). And in the event you’ve had your automobile longer than two years, ERIE can pay the price to switch it with a comparable mannequin that’s as much as two years newer and as much as $30,000 fewer miles than the present mileage of your automobile, minus the deductible.
- ERIE Fee Lock®: Keep away from automobile insurance coverage charge will increase with the ERIE Fee Lock® characteristic. Even you probably have a declare, your charges gained’t change till you make sure modifications to your auto insurance coverage coverage, comparable to including or eradicating a automobile or a driver out of your coverage or altering your main residence2. (New York prospects: Ask about ERIE Fee DefendSM.)
- ERIE Auto Plus: Improve your protection with options comparable to diminishing deductible3.
An area insurance coverage agent may also clarify what sort of protection you’d must cowl frequent kinds of claims, comparable to windshield chips or hitting a deer.
Shopping for a New Automobile? Get a Quote with ERIE
With the correct insurance coverage firm, high quality protection begins and ends along with your agent. Study extra about our auto insurance coverage protection.
Each ERIE coverage comes with a neighborhood agent able to stroll you thru the whole course of and reply your questions — since you deserve an auto coverage that’s private, honest and inexpensive.
Contact your native ERIE agent and learn the way we might help you shield your new set of wheels and journey with you on the journey forward.
1 Automobile is taken into account new when lower than two years outdated. The endorsement is bought on a per-vehicle foundation, not per coverage, and incorporates the precise particulars of the coverages, phrases, circumstances and exclusions. Protection will not be out there in all states. Eligible autos should carry each complete and collision protection and alternative have to be made with a comparable mannequin. New automobile alternative and higher automobile alternative don’t apply to leased autos. Solely restore protection and auto lease/mortgage part apply to a leased automobile. Protection doesn’t embrace gadgets comparable to overdue funds and carry-over balances from earlier leases/loans, and so forth. When fee is made beneath new automobile alternative or higher automobile alternative, auto lease/ mortgage protection won’t apply. Not out there in NY or NC.
2 ERIE Fee Lock® Charges topic to alter in the event you add or take away a automobile, add or take away a driver, or change your tackle or the place you normally park your automobile. ERIE Fee Lock® doesn’t assure continued insurance coverage protection. Not out there in all states. Restricted to a few years in Virginia. Insured should meet relevant underwriting tips. Premium could change in the event you make a coverage change.
3 Diminishing deductible as much as a most discount of $500. In New York, complete deductible can’t be decreased to lower than $50 and collision deductible can’t be decreased to lower than $100. Protection could differ by state. Not out there in all states.