Purchasing a car for the first time in Cheraw, SC, comes with several responsibilities, including securing insurance. As a first-time buyer, it is crucial to educate yourself on what to expect when obtaining coverage to protect your new vehicle. Ingram Insurance can guide you through the process and help you find an affordable policy that suits your needs.

Deciphering the Components of an Auto Policy

Auto insurance policies have critical coverage sections: collision, comprehensive, and bodily injury liability. You’ll need to have minimum coverage in each of these areas to drive legally. Understanding what each of these terms means and what they cover will enable you to compare policy features among insurers effectively. Other terms you should familiarize yourself with include personal injury payments (PIP), property damage, and uninsured/underinsured motorist coverage. Some policies also offer roadside assistance and other benefits that enhance the value of the coverage.

Expect Higher Rates as a First-Time Owner

If you’ve never purchased auto insurance, you’re an unknown entity to insurers, even if you’ve previously been covered under a parent’s policy. Insurance companies also consider your driving history when determining rates. The less driving experience you have, the more likely you are to be involved in an accident and file a claim.

Save Money by Bundling Policies

One of the most common ways to save money on your auto insurance policy is to bundle it with other insurance lines. For instance, even if you don’t own a home, you can still receive a discount by bundling your auto policies with renter’s insurance to protect your personal belongings.

If you’re still unsure about buying auto insurance, don’t worry. The agents at Ingram Insurance, serving Cheraw, SC, will be happy to explain your policy options. Contact our office today to get started.