Travelers car insurance offers first-time car buyers some excellent coverage options
If you've bought your first car and are looking into Travelers car insurance, first-time car buyer policies are simple to set up. As a first-time car buyer, you may be unfamiliar with all the coverage options you have and which ones should be a priority.
Priorities of coverage
Your first priority as a new car owner should be to obtain liability insurance. Liability coverage is extremely important, and in most states of the country, it is a legal requirement, Liability coverage is the insurance that covers other drivers and their passengers or other people's property (including cars) if they're hurt or damaged in an accident you cause. The two types of liability coverage are bodily injury liability coverage and property damage liability coverage.
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Bodily injury liability coverage covers costs, such as a driver's immediate medical expenses and ambulance fees. Property damage liability coverage will pay for the damage you cause to another person's car or property, such as a fence, in an accident. Each state sets a minimum amount of coverage that its licensed drivers are required to carry, but it is generally in your best interests to get more than the minimum required by law. Many accident victims incur medical expenses that far exceed state liability minimums. If you only get the minimum, you may have to pay for those extra expenses out of your pocket if you are sued.
There are a handful of states designated as no fault for the purposes of car insurance law. Most of these states have additional coverage requirements making it necessry for licensed drivers to carry medical payments coverage or personal injury protection (PIP) coverage.
Important add-ons to consider
For someone seeking out first-time car buyer insurance, Travelers also offers underinsured and uninsured driver coverage. Many people today are driving around with inadequate liability insurance. Even worse, many people are driving around without any insurance at all. If you were to get into an accident with these drivers, you could end up saddled with expensive medical and car repair bills.
Uninsured motorist coverage provides you with some protection against this. Underinsured driver coverage helps allay some of your costs if you get into an accident with someone who doesn't have enough insurance to take care of your medical expenses or damage they cause to your car. These options will also protect you in the event you are involved in an accident with a hit-and-run driver.
Depending on the state you live in, you may be required to add uninsured drivers insurance to your policy. Leasing companies and lenders often require that people purchasing from them obtain this coverage. Regardless of whether it's required by law or not, it's something that you should seriously consider.
With Travelers car insurance, a first-time car buyer is also encouraged to check out other types of coverage, such as collision coverage and comprehensive coverage. First-time car buyers may also appreciate the security that roadside assistance coverage or even rental reimbursment coverage can provide.
These are all optional, but they are intended to fully flesh out a policy and help you obtain the right mix of coverage for your particular circumstances. Speak with a Travelers agent for advice on how different types and levels of coverage can help protect you and your family. Your agent can also help you figure out if you qualify for special discounts depending on your individual situation.
If you don't have an agent, which is likely as a first-time car buyer, Reply! can help by connecting you to local insurance professionals practiced in the art of crafting just the car insurance coverage you will need as a first-time car buyer.