In nearly every state in the U.S., drivers are required to have an active automobile insurance policy for their car. Determining what type of policy is right for you and your vehicle can be confusing, but working with an independent insurance agent can help clear things up. Muller Insurance is an independent insurance agency offering auto insurance policies to residents in Hoboken and Jersey City, NJ, and our agents can suggest the best policies to meet your needs. Here, we’ll share information about things to consider when deciding on your auto insurance policy.
Car Insurance Considerations
Auto insurance is required to register a car in almost every state, but different states have different requirements on the type and amount of insurance you need. Typically, a driver will need auto liability coverage for bodily injury and property damage, but the specifics of the policy you choose will depend on factors about your car and lifestyle. Some of the first things you should consider when shopping for a policy are details about your car, like:
What Kind of Car Is It?
Auto insurance is for your automobile, and it makes sense that the policy you get can depend on your type of vehicle. Factors like the make, model, age, and size of your vehicle can all influence what policies are suitable for you. For example, a 2010 Toyota Corolla sedan will typically have a policy with a lower premium than a 2020 Toyota Tacoma truck because its older parts and smaller size mean it would cost less to repair or replace than the newer and larger parts of the Tacoma.
How Much Do You Drive?
How often you drive and how many miles per year you drive can impact how much you pay for insurance. This is because frequent drivers who have long commutes or lots of shuttling around are more likely to get in accidents than those who don’t drive very often. It’s important to consider your annual mileage when searching for an auto insurance policy, because insurance companies use this factor, among others, to set your premiums.
Will You Use the Car for Work?
It’s important to consider whether your car is solely for personal use or if it’s a business vehicle for work such as delivering food, ridesharing, or messengering. This will determine whether you’ll need a personal insurance policy or a commercial insurance policy since personal policies don’t cover work-related accidents.
Where Do You Live?
Depending on where you live, your insurance rates can vary. Cars parked in busy downtown areas with street parking are more likely to get hit, vandalized, or stolen than cars in suburban or rural areas with garages. This is why city residents often have higher premiums than those who live in the suburbs, so it’s essential to consider this information before choosing your policy.
You should also consider a few more specific factors when weighing your policy options, like who else will be driving the car and whether it’s financed or leased. Most insurance companies require that all drivers will need to be added to your policy to protect them against liability as well. If your car is leased or being paid off, you will need collision and comprehensive specific policy for added protection and meet your financial lender or leasing company requirements. Evaluating these factors can give you a sense of what type of policy is best for your needs.
Get an Auto Insurance Quote Today
Muller Insurance is a long-standing independent insurance agency in Hoboken, NJ, that offers coverage for individuals, businesses, and landlords. When clients share insights about their car and driving habits like the ones mentioned above, our agents can recommend a range of policies that can best meet their needs. Muller Insurance boasts partnerships with more than 25 insurance companies including Chubb, Progressive, Safeco, and Travelers. If you need an auto insurance policy that will keep you protected and abiding by the law, get a quote or call 1-201-659-2403 today to learn more.
