Automobile insurance is a necessity for old and new drivers alike. Most U.S. states require drivers to carry a minimum amount of auto insurance. When you’re getting a new car, deciding on the right coverage can seem like a scary experience but it doesn’t have to be. Here is a step-by-step guide to the auto insurance process:

1. First you want to gather all of the necessary information you will need such as: drivers name and birthdate, license number, driving history, the vehicles VIN number, mileage, date of purchase and any prior insurance information.
2. Next you want to decide the level of coverage you will need. Most states have minimum requirements for coverage however you can purchase more coverage based on your needs.
3. Get quotes from competing companies to find your best value for what you want. While researching prices make notes so you can easily compare the prices and coverage for each option.
4. Review the policy to make sure all of the information is correct and look to see if it has any special requirements for repairs such as “aftermarket” or “like kind and quality” parts.
5. Cancel your old policy. If you’re simply changing policies on your vehicle reach out to your former company to cancel the old policy once the new one is in place. Avoid a lapse in coverage by setting the cancellation date for the old policy after the start date of the new one.

If you need assistance with auto insurance or auto loan needs, be sure to contact PCTFCU today.