5 Things to Consider When Purchasing Auto Insurance in Albany, NY
Are you looking for new auto insurance in Albany, NY? Whether you have an existing policy that isn’t meeting your needs or it’s your first time shopping for auto insurance in Albany, you want an excellent insurance policy that will keep all of your needs in mind–just like we do at Northeastern Insurance. When you purchase your auto insurance policy, make sure you’re considering these key factors.
Question #1: What Kind of Coverage Do You Need?
There are several different types of auto insurance, each based on your needs as a driver. Before choosing an auto insurance policy, make sure that you know both what type you need to carry in order to drive legally and safely.
Personal injury protection insurance: New York is considered to be a no-fault state. As a result, all drivers are required to carry personal injury protection insurance. This insurance provides protection, generally in the amount of at least $10,000, for expenses related to injuries and lost time at work due to a car accident.
Liability insurance: Liability insurance is also required for all drivers in the state of New York. Liability insurance covers any property damage sustained by other drivers or other things when you’re behind the wheel. Whether you hit a car, a mailbox, or a street sign, liability insurance is designed to pay for those damages. Liability insurance, however, does not cover damage to your vehicle if you are found at fault for the accident.
Full coverage insurance: Full coverage insurance is designed to pay damages to both your vehicle and other drivers’ if you are at fault for an accident. If you have a loan on your car, your loan company may require you to carry full coverage insurance until the vehicle is completely paid off.
Add-on policies and riders: There are several other types of policies and riders that can be added to your standard insurance policy. These include roadside assistance, uninsured motorist insurance to pay for damages caused by drivers who aren’t insured, and more. Talk with your insurance agent to determine what riders you really need to add to your policy and how they can impact both your rates and your response following an accident.
It’s important to carefully consider what type of insurance you really need, not just what you want to pay for. For example, can you afford to replace your vehicle if it’s seriously damaged in an accident? Do you have the means to handle replacement costs, or will it leave you struggling? Carefully consider what auto insurance you really need before choosing your policy.
Question #2: What Will Your Policy Cover?
For many drivers, the top priority when choosing insurance is the cost of the policy. Equally important, however, is learning what your policy will pay if your vehicle is damaged or if you damage another driver’s vehicle. What’s the maximum coverage amount? What damages are included under your policy? Keep in mind that many insurance policies have maximum amounts. While a low coverage cap may help keep your payments low, it will also limit the amount the policy will pay out if you are involved in an accident. It’s important to carefully consider the worst-case scenario so that you’ll know how much insurance you really need to carry.
Question #3: What is Your Deductible?
If you’re involved in an accident, your insurance company will pay to repair many of the damages. Before the policy kicks in, however, you may be responsible for paying the initial amount, known as the deductible. Many policies, for example, require you to pay the first $1000 of damages. A policy that covers more of those damages may cost more, but it will also ensure that you aren’t caught off-guard and forced to pay for damages that you can’t afford.
Question #4: How Do Other Drivers Rate Your Provider?
When other drivers talk about your insurance company, how do they rate them? Do they have a high opinion of the insurance company, or are they merely accepting of them–or worse, do they dislike them? Take a look at customer reviews. If you know someone who uses that insurance company, ask them a few key questions.
How does your provider handle claims? Do they connect with you quickly and make sure that you have the funds you need to repair or replace your vehicle quickly, or do they drag their feet? Is it difficult to establish fault following an accident and get payment, or does the company work with everyone involved?
Do you have to use a specific garage or mechanic for your car if it’s damaged in an accident? Some insurance companies work with specific trusted garages for their service contracts. Make sure that you know whether or not your insurance company has this requirement and that the facility is trustworthy.
Are prices reasonable over time? You don’t just want a low introductory rate that will suddenly jump within a few years. Your Albany auto insurance should remain reasonably priced for the duration of your policy.
Question #5: What Are Your Bundle Options?
If you’re looking for a way to lower your rates, bundling is a great option for receiving high-quality insurance at a discount. Does your insurance company offer the ability to bundle your auto insurance when you cover more than one vehicle? Do you get discounts if you use other types of insurance–homeowner’s or renter’s insurance, for example–through the same provider? Make sure you understand your options with regards to auto insurance bundles to help maximize your savings while still getting the full coverage amount you need.
If you’re looking for an Albany auto insurance provider that will ensure that you have the right type of insurance for your needs, offer coverage in the amount you want, and provide you with transparency and great service throughout your time with the company, contact us. At Northeastern Insurance, we endeavor to provide high-quality service for all of our customers. When an accident strikes, you’ll be glad that we’re on your side.