A new car is a big investment. Protect it with a Farmers car insurance new car policy
Buying a new car can be an exciting and fun process, but once you've made your purchase, you need to get down to the serious business of buying car insurance. If you're considering Farmers car insurance for your new car policy, there are several policy options to choose from.
Consider a number of options for your new car
Farmers presents several options to you as a new car owner. One of the first considerations you should make is to be sure whatever policy option you elect meets your state’s requirements for car insurance coverage. Every state has some minimum level of car insurance coverage or proof of financial responsibility required of all drivers and car owners.
Farmers offers a special coverage option, called the New Car Pledge. This is especially aimed at people who've bought new cars. It states that if your new car is damaged in an accident and can't be repaired, the company will replace it with a brand-new car of the same make and model. The car needs to be no older than 24 months old and have less than 24,000 miles on it to qualify for this coverage.
More typical coverage options for new car buyers include:
Liability coverage – a minimum requirement in most states, it protects you from the financial losses that could come about in the event that you were sued if you caused an accident that led to bodily injury, property damage or both. There is a minimum amount of liability insurance required by most states, but you should consider getting more than that amount. The last thing that you'd want to worry about as a new car owner is the expense of settling an expensive lawsuit out of pocket.
Collision coverage and comprehensive coverage – both of these are usually required for people who have leased new cars or who have outstanding loans on their cars. Collision coverage covers damage to your car if you were to get into a collision with an object or another vehicle. Minus your deductible, it will cover the cost involved with fixing your car or replacing it. Comprehensive coverage protects you from losses due to events like fire, floods and storms. You'll have to pay a deductible, and the coverage will take care of the remaining costs of repair.
A young driver with a new car is going to have different policy needs than a well-established, older driver with a new car. The complexity of coverage in your policy, the deductible level you want to set and what you ultimately pay for insurance coverage for your new car will depend on many factors.
(This guide can show you all the Farmers car insurance options)
Contacting your local Farmers agent to get a full array of policy option quotes is a good first step. Reply! can help by putting you in contact with local insurance professionals eager to help you find the right car insurance coverage for your needs.