Congratulations on buying a new car! You want it insured? True, in Virginia you can get out of purchasing insurance by paying a $500 fee. But do you really want to do that? If your car is damaged, insurance can help you pay for repairs. Also, if you plan to drive out of state, you will be required by law to have auto insurance. Even if it’s not the law, getting your new car insured is a good idea and easier than you think.
How To Do It
It may seem like putting the cart in front of the horse, but it’s best to get insurance before you buy your car so that the dealership can’t talk you into buying their insurance plans. Today, you don’t need to go to a lot to select a new car until you’re ready to drive it off the lot. You can shop online. Know what make and model you want. Get the vehicle identification number (VIN) and mileage. Do some comparison shopping for the insurance. Submit an application. And then once you have proof of insurance, it’s time to purchase the vehicle!
Full Coverage Vs Gap
Full coverage insurance includes insurance against collision, hail, fire, theft, and vandalism. It pays out up to the market value of your car minus the deductible. If your car is stolen or wrecked, gap insurance will pay for the remaining balance of your car loan or lease and the current market value of your car.
Parr Insurance Services Serving Lynchburg, VA
If you need auto insurance and are living in the Lynchburg, VA area, please consider Parr Insurance Services. Our courteous and knowledgeable agents will do their best to help you.