auto insurance

I bought a new car: How long do I have to add it to my auto insurance policy?

Posted on by agentinsure

At Smith Insurance Agency of West Virginia, we understand that our customers in Kingwood, WV, and beyond want to ensure their vehicles are protected while traveling the roadways. Your car is your lifeline. Without it, you may struggle to make ends meet or attend essential appointments.

Many auto dealers require you to have car insurance before you can drive your new vehicle off the lot. They often expect particular coverage amounts to satisfy the lienholder on an auto loan. For instance, they may require a deductible of $1,000 or less for comprehensive and collision coverages.

However, if you purchase a car from a private seller or a dealership that doesn’t have strict requirements for coverage, you’ll be glad to know that most insurance companies offer a grace period to cover your new car before it’s added to the policy.

Typically, the grace period for obtaining auto coverage on your new vehicle can be up to 30 days from the date of purchase. Still, we recommend that you get auto insurance coverage as soon as possible.

Contact your insurance agent to discuss the specifics of your policy regarding grace period coverage. It’s important to note that if you don’t have auto insurance, there’s no grace period.

Give Us a Call!

At Smith Insurance Agency of West Virginia, in Kingwood, WV, we love our customers and want you to stay safe while on the road. The best and most responsible way to cover your new car is to call your insurance provider at the time of purchase and add the vehicle to your policy.

Please call us today at (304) 329-1440. You can also email us at service@siawv.com. We will assist you and send you a copy of your proof of insurance, so you have it on hand. We want you to be protected and have peace of mind while operating your new vehicle.

The vehicle you choose and its impact on car insurance

Posted on by agentinsure

There’s no denying it. The automotive industry is rapidly evolving. Cars are becoming electrified, and some are even self-driving. Technology is making cars safer and more convenient, and more expensive to repair. Traditional sedans are being produced less frequently, with some manufacturers ceasing production altogether. All of these changes impact what you may pay for vehicle insurance. For those in the Sandy, UT area, The Smith Insurance Group Inc. wants you to understand how and why the vehicle you choose will affect your car insurance.

The Rising Prices of Vehicles

The average price of a new vehicle now exceeds $45,000, largely due to the increasing costs of larger, more luxurious SUVs. While SUVs may be safer, they are more expensive to repair and replace, potentially leading to higher premiums.

Technology and Repair Costs

There was a time when replacing a damaged fender was straightforward. Today, replacement parts may include complex technologies like radar, sensors, cameras, and alarms. This complexity can significantly increase repair costs.

Check and Compare Rates Before Purchasing a Vehicle

It’s important to understand how your choice of vehicle will impact your car insurance before you decide to buy. This can help prevent costly surprises and potential regrets.

We Can Help with Auto Insurance!

Some may feel they have little influence over their car insurance rates. However, it starts with your choice of vehicle. More expensive and luxurious vehicles will be more costly to repair and replace and, therefore, more expensive to insure. Be prepared by checking insurance prices before you buy.

We invite you to visit The Smith Insurance Group Inc. in Sandy, UT. We can help you avoid unpleasant surprises.