Do You Need Car Insurance Before You Buy A Car?

Wondering, do you need car insurance before you buy a car? Well, yes, you’ll need insurance to take home your new vehicle. Full coverage car insurance is a type of coverage that covers the important parts of car insurance, including Property Damage, Bodily Injury, PIP, Uninsured Motorist, Comprehensive, and Collision. Even though you aren’t legally liable to have all the coverage, having a full coverage good car insurance broker can get higher financial security.  

This article further contains the parts within full coverage car insurance and the tips and tricks to gain exciting discounts on your full coverage insurance policy. 

Is car insurance Required before you buy a car for  Full Coverage?

Liability insurance is mandatory coverage to cover third-party bodily injury or property damage due to policyholders’ fault. Bodily injury (BI) impacts injuries you cause third-party, on the other hand, property damage (PD) is damage you bring about to a third party’s car or property. So, liability insurance coverage does not protect your vehicle or yourself. Therefore, the coverage is solely for a third-party to file a claim against your insurance provider. Therefore, get quotes and find an insurance agent near me.  

These two policies under liability insurance are the most common type of auto insurance you may get. However, each state mandates a state minimum indicated by a three-number format such as 25/50/25. According to Policy GeniusIf you’re shopping for a new car and you don’t have an existing car insurance policy, you need to make sure you have insurance coverage before you drive your new ride home Here, the first two represent your BI protection. Where 25 refers to the limit of the insurance the policyholders have for a single person’s injury in an accident. While 50 refers to the limitation for the accident. Whereas the last 25 refers to the limit for property damage liability coverage. Also, if interested make sure to go through our blog on good car insurance 

do you need car insurance before you buy a car

According to the Department of Financial Service, New York State law requires that motorists carry a minimum amount of liability insurance of $25,000 for bodily injury to one person, $50,000 for bodily injury to all persons, and $10,000 for property damage any one accident. Moreover, mandatory “no-fault” coverage of $50,000 is also required.  

However, in an accident with an uninsured third-party at fault, uninsured/underinsured motorist insurance (UMI) comes into play. Since they cannot pay for your damage through their insurance, your UMI helps you cover BI and PD. 

Full Coverage Car Insurance Broker: First-Party Benefits 

While liability insurance covers the third-party’s legal liability, the first-party’s coverage or the policyholder comes under these insurance coverages. 

Personal Injury Protection (PIP)  

You may understand personal injury protection insurance as bodily injury for your injuries. Therefore, rather than file through the other driver’s BI insurance, you could file through your PIP to pay for your personal medical expenses. Moreover, the main benefit of PIP is that it helps payout regardless of who was at fault. 

Collision insurance and comprehensive insurance  

Regardless of who is faulty, your collision insurance helps you repair any damage to your car caused by the accident. Similar to collision insurance, comprehensive covers damage your vehicle caused by external causes other than a collision accident. 

Get Affordable Full Coverage Car Insurance Broker in Sunnyside NY 

Full coverage can be affordable by controlling deductibles on collision and comprehensive insurance. Moreover, you can get discounts that you may qualify for, like prove of safe driving and credit scores. You can also compare car insurance quotes from independent insurance agents. 

Therefore, both independent agent and captive agent will help you get through the process. Get in touch with an insurance agency and get insured now. Stay in touch with companies that provide insurance technology in order to make the process hassle-free. 

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