When buying a brand new automobile, many drivers are tempted to maintain the identical previous auto insurance coverage protection limits or do no matter they’ll to decrease their fee.
However discovering the most effective auto insurance coverage, like looking for a brand new automobile, is about rather more than the sticker value. So let’s uncover why looking for insurance coverage and a brand new trip typically go hand in hand – and the way a neighborhood professional like an ERIE insurance coverage agent can assist.
What to Ask an Insurance coverage Agent Earlier than Shopping for a New Automotive
While you’re out there for a brand new automobile, one of many smartest issues you are able to do is discuss to a neighborhood automobile insurance coverage agent before you purchase. Why? An area agent can provide insurance coverage suggestions and potential methods to avoid wasting in your new buy. For instance:
- What’s going to it price to insure the totally different makes and fashions I’m contemplating?
- Is there a big distinction in price of elements or labor for the automobiles I’m taking a look at?
- Am I eligible for any new auto insurance coverage reductions?
- Do I must make any adjustments to my coverage once I purchase my new automobile?
- Are there any protection gaps I want to concentrate on?
Bear in mind: If you happen to’re shopping for a brand new automobile, proof of insurance coverage could also be required earlier than driving your new automobile off the lot. If you happen to’re already a buyer, your native agent is only a telephone name away that can assist you present the precise documentation to point out the seller earlier than you are taking it dwelling. If you happen to’re an present ERIE buyer, you possibly can entry your insurance coverage ID card by means of your ERIE On-line Account
Study extra in our associated explainer: Is Your New Automotive Coated Beneath Your Auto Insurance coverage Coverage?
Will shopping for a brand new automobile have an effect on my auto insurance coverage fee?
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 fee relies on quite a lot of various factors, together with the automobile you drive. And every insurance coverage firm might have a look at these components, akin to your automobile’s security rankings and value of repairs, in another way.
Usually, automobiles with greater security rankings and anti-theft units can assist decrease your fee. However these options may very well be costlier to restore after an accident, too. Then again,older automobiles could also be cheaper to repair, however they typically aren’t outfitted with high-tech security options to assist forestall accidents.
When getting quotes for insurance coverage, needless to say your driving historical past impacts your insurance coverage fee greater than what you drive. So whatever the make and mannequin you select, being a secure driver can go a good distance.
Study extra in our associated explainer: What Determines the Worth of My Auto Insurance coverage?
What Kind of Protection Do I Want for My New Automotive?
Your first thought could also be to search for the bottom value, however don’t let the joy of a brand new automobile push you towards bare-bones protection that may depart you weak to harmful protection gaps.
Your native ERIE agent can assist you discover that candy spot the place you will get custom-made protection that protects you and respects your price range. If you happen to’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 pays you the price to exchange it with the most recent comparable mannequin yr (minus your deductible). And in the event you’ve had your automobile longer than two years, ERIE pays the price to exchange 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 Price Lock®: Keep away from automobile insurance coverage fee will increase with the ERIE Price Lock® function. Even when you have a declare, your charges received’t change till you make sure adjustments to your auto insurance coverage coverage, akin to including or eradicating a automobile or a driver out of your coverage or altering your major residence2. (New York prospects: Ask about ERIE Price ShieldSM.)
- ERIE Auto Plus: Improve your protection with options akin to diminishing deductible3.
An area insurance coverage agent may clarify what sort of protection you’d must cowl widespread varieties of claims, akin to windshield chips or hitting a deer.
Shopping for a New Automotive? Get a Quote with ERIE
With the precise insurance coverage firm, high quality protection begins and ends together with your agent. Study extra about our auto insurance coverage protection.
Each ERIE coverage comes with a neighborhood agent able to stroll you thru all the course of and reply your questions — since you deserve an auto coverage that’s private, truthful and inexpensive.
Contact your native ERIE agent and learn the way we can assist you defend your new set of wheels and journey with you on the journey forward.
1 Car is taken into account new when lower than two years previous. The endorsement is offered on a per-vehicle foundation, not per coverage, and comprises the precise particulars of the coverages, phrases, situations and exclusions. Protection isn’t obtainable in all states. Eligible automobiles 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 automobiles. Solely restore protection and auto lease/mortgage element apply to a leased automobile. Protection doesn’t embody gadgets akin to overdue funds and carry-over balances from earlier leases/loans, and so forth. When fee is made underneath new automobile alternative or higher automobile alternative, auto lease/ mortgage protection won’t apply. Not obtainable in NY or NC.
2 ERIE Price 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 Price Lock® doesn’t assure continued insurance coverage protection. Not obtainable in all states. Restricted to 3 years in Virginia. Insured should meet relevant underwriting pointers. Premium might 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 might fluctuate by state. Not obtainable in all states.
