You probably know that insurance is required to drive on the road, but not everyone is required to carry full-coverage insurance. Full coverage is the most comprehensive auto insurance option available, and for some drivers, it’s more coverage than they actually need. Knowing when full coverage makes sense can help you navigate the car-buying process. If you’re buying a new car, the insurance professionals at Selkirk Insurance Services, serving Sandpoint, ID, can help. Our experienced team can help you sort through the various options to find the best choice for you.
What Is Full Coverage?
Full coverage insurance combines several other types of coverage, including liability, collision, and comprehensive insurance. This means your vehicle is protected in many circumstances, including collisions and non-collision events such as theft and vandalism. People buying a new car often seek out full coverage because new vehicles are valuable enough that replacing them out of pocket would be difficult.
Is Full Coverage Required to Buy a New Car?
Full coverage is typically required if you’re financing your new car with an auto loan, since most lenders make it a standard requirement. It’s worth confirming this when discussing your loan, but expect it to be part of the package unless your lender says otherwise. If you’re not financing the vehicle, you’ll have more flexibility to decide whether full coverage is the right choice for you.
When Should I Get Insurance When Buying a Car?
Get your insurance lined up before you buy by contacting Selkirk Insurance Services, serving Sandpoint, ID. Our insurance professionals can help guide you through the process. Call today.
