Shopping for a new car at your Cadillac dealer is exciting, but once you find your dream ride, you’ll need to buy car insurance to protect your investment. Every policy is different, and finding great coverage can seem like a challenge. Here are a few things you need to know before you start looking for a policy to protect your new set of wheels.
5 Things Every Driver Should Know About Car Insurance According to Your Cadillac Dealer
1. The Law Requires It
Buying insurance for your car isn’t just a smart way to protect your wallet. It’s also required by law in Louisiana. You’ll need to at least have liability coverage in place to register your vehicle with the state so you can drive your car legally. Your insurance agent will be able to make sure the policy you choose provides enough coverage to keep you fully protected.
2. Higher Deductibles Can Help You Save Each Month
Your deductible is the amount of money you pay to your insurance company if you ever have to file a claim. The higher or more expensive your deductible is, the less you’ll have to pay on your insurance premium each month.
If you’re trying to keep your monthly costs low, increasing your deductible can help. Just make sure that your deductible isn’t so high that you can’t afford to file a claim if you’re in an accident.
3. You Can and Should Ask for Discounts
Most auto insurance companies offer different discounts to help drivers save each month, but they don’t always advertise those discounts. Whether you’re buying a policy with a new insurance company or buying a policy from your existing company, ask about any discounts you may be eligible for.
You can also ask about new discounts each year before you renew your policy. There’s a chance that you’ll be eligible for deals that you weren’t previously.
4. Your Credit Score Can Impact How Much You Pay
Auto insurance providers want to insure responsible drivers who will pay for their coverage reliably. That’s why many insurance companies look at your credit score when deciding how much to charge you. If your credit score is high, you’ll likely pay less for insurance each month. If it’s low, you may end up paying more for the same coverage.
5. Shopping Around Is a Must
You don’t have to work with the first insurance company you find or the one you’ve had for years. Instead, get quotes from at least three insurance companies. Compare their prices and their coverage options in detail before you make your decision.
Buying insurance for a new car is a great way to protect your investment, but before you can buy coverage, you need to find a car you’ll love to drive for years to come. Visit Service Cadillac and take a test drive today.
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