So, you got your first car—congrats! Now, let’s talk about something not-so-fun but super important: auto insurance. Here’s what you need to know without the boring jargon. Consider it your first-time auto insurance guide...
1. Why Do You Need It?
It’s legally required in most states, and it protects you financially if you get into an accident.
No insurance = big fines and possible license suspension.
2. Basic Types of Coverage
- Liability – Covers damage you cause to others (required in most places).
- Collision – Pays for damage to your car after an accident, regardless of fault..
- Comprehensive – Covers non-crash damage (theft, weather, vandalism).
- Uninsured/Underinsured – Protects you if you're hit by someone without enough insurance.
- Medical Payments (MedPay) or Personal Injury Protection (PIP) – Covers medical expenses for you and your passengers, regardless of fault.
3. How to Save Money
- Stay on a parent’s policy (it's cheaper if possible).
- Look for good student discounts (yes, grades matter!), safe driving discounts, or taking a defensive driving course, and maintain a clean driving record.
- Compare quotes. Rates can vary significantly between carriers, so shopping around is essential.
- A higher deductible (the amount you pay before insurance kicks in) can lower your monthly premium. Make sure you have enough savings to cover the deductible if needed.
- Telematics programs reward safe driving with lower rates.
- Be Mindful of the car you choose. Insurance rates depend on the car’s make, model, safety features, and theft risk. Used cars are often cheaper to insure than new ones.
4. What Happens in an Accident?
Stay calm, If the accident is minor and no one is injured, move the vehicles to the side of the road. If the car isn’t drivable, turn on hazard lights and stay inside if it’s unsafe to exit.
Snap pictures of all vehicles, damage, license plates, street signs, and surrounding conditions. If there are witnesses, get their contact info in case their statement is needed. exchange info, and report it to your insurer ASAP.
DO NOT admit fault, even if you think you caused the accident. The insurance companies will determine responsibility.
Stay in touch with your insurance adjuster to track the claim process. If the car is totaled, understand your settlement options.
5. Where to Get It
Check with one of our Wells agents and don’t be afraid to call (910)-762-8551 for quotes. We do the shopping around for you and can explain all the complicated stuff and make it easy for first timers.
That’s it! Get insured, drive safe, and enjoy your new ride. 🚗