admin 
Owning a car is a wonderful experience which signifies a certain level of freedom and independence. While choosing an insurance package, some people get carried away by the beauty and shape of it and do not know car ownership really entails.
For all the sweet journeys you want to embark on, car ownership comes with practical lessons. There is a bit of financial responsibility associated with buying a vehicle, one of such is the right vehicle insurance.
Whether you are buying your first car or it’s time to get your own policy, finding the right insurance policy isn’t so hard as it seems. You can get the right coverage at the right price when you follow these guidelines.
TYPES OF CAR INSURANCE
•Comprehensive Insurance
This coverage protects a car from other hazards like fire, tree fall etc. It is financial compensation for damage done to an insured vehicle. In this plan, that damage is caused by other forms of destruction due to fire, vandalism, theft and many more.Hitting animals are also included in casualties.
•Collision Insurance insurance
This kind of auto insurance package pays for total damage to your vehicle, regardless of fault. It compensates the financial actual value of your vehicle in cases of total destruction.
It comes with a deductible that is subtracted from actual total compensation to be used for reimbursement.
•Liability insurance
This kind of auto insurance package pays for damage to other vehicles caused by accident. It pays for injuries and legal defense cost. It is required in some states as it assures damage control. This insurance package does not cover damage to your own car.
There are other various types of insurance packages.
Budgeting the insurance payment and loan payment before purchasing a vehicle is a very smart money move which is advised.
WHAT TO DO:
Have a make and model in mind: When shopping for a car, make sure to have an idea about what exact type you want in accordance with how high your budget it.
Understand the type of coverage you need:
Depending on the state you reside in, if you are taking out a car loan or lease, this should serve a guide when attempting to purchase a vehicle.
Compare enough auto insurers with others to help you come to a clear and budget friendly decision.Be sure to compare quotes for the exact same coverage level to get an apples-to-apples comparison.
Rely on the expertise of an insurance agent.
Before you purchase that insurance as a newbie, you should have some key documents.
•Student driver grades.
•Drivers license
•Garage address
•Identification number
•Date of birth for drivers.
You are likely to pay more for insurance as a first time driver. Experiences drivers that have had licenses for years often have lots of insurance cuts unlike the newbies. Insurance companies to through individual driving history to determine the exact timing you might need to file a car insurance claim.
For a full coverage policy: a 16 year old driver pays around $6,000 to $7,000 while a 20 year old pays about $3,200, while an adult pays $2,000.
Other factors are: Marital Status, zip code, Credit etc.
To better save money as a first timer:
Shop at various companies to compare prices.
Ask for discounts.
Be credit worthy.
FINANCIAL RESPONSIBILITY
Every state has some form of “financial responsibility” laws, which means that if you own a vehicle, you have to show that you’re able to pay others if you cause a car accident. You’ll need proof that you can pay others’ car repair bills and medical expenses.
