Auto insurance is one of your most important expenses each month. Not only is auto insurance crucial to protecting your car and other drivers, but it is often necessary to operate your vehicle legally. Auto insurance coverage and needs can change over time, though. At Advantage Service Insurance, serving Erie, CO, we know that you need the best insurance information to make the best insurance choices. Keep reading to learn more about when you should make insurance changes.
If you are getting married, you and your future spouse should discuss how you will organize your insurance coverages. Will you combine coverages into one policy or maintain separate policies? Most insurance companies offer discounts for married couples, not to mention the simplicity of dealing with just one payment each month.
Buying a New Vehicle
If you plan to buy a new vehicle, you will want to consider how your insurance coverage will change. Coverage costs and types can change depending on the type of vehicle you purchase. You will want to research insurance changes that will affect your new budget once the car is purchased. If you are financing the new car, most lenders require that the vehicle have coverage before finalizing the sale.
Adding a New Driver
If you have a teen in your house who is ready to drive, you may be required to add them to your insurance coverage. To find out exactly when is the best time to add them, you should talk with an insurance representative. Some companies also offer discounts for students with good grades.
If you would like to learn more about auto insurance, please contact our office at Advantage Service Insurance, serving Erie, CO. We will be happy to answer your questions.