As an Ft. Wayne, IN resident, you may be wondering if you need comprehensive auto insurance. The answer is—maybe. While comprehensive coverage is not required by law in Indiana, it can be beneficial in certain situations. Wise Insurance Agency provides this guide in navigating comprehensive auto insurance and when it’s necessary.
What is Comprehensive Auto Insurance?
Comprehensive auto insurance is a type of coverage that protects you from damage to your vehicle, whether it’s your fault or not. This can include harm from weather, fire, theft, or vandalism. If your car is totaled in an accident, your comprehensive insurance will also payout.
When is Comprehensive Insurance Required?
The state doesn’t require drivers to have comprehensive insurance, but your lender will probably need it if you’re still paying off your car. They want to make sure their investment is protected in case of an accident. A Wise Insurance Agency representative can help you understand your options if you’re still paying off your car.
If you’re not required to have comprehensive insurance and don’t have a loan on your vehicle, you might still want to consider it. That’s because comprehensive coverage can save you a lot of money in the long run if your car is damaged in an accident or stolen.
How Much Does Comprehensive Auto Insurance Cost?
The cost of comprehensive insurance will vary depending on your car, your driving record, and where you live. Your deductible amount also plays a role in how much you pay for coverage.
Your best bet is to speak with a Wise Insurance Agency representative serving the greater Ft. Wayne, IN community about your specific needs. We can help you find the right policy for your vehicle and budget.
When buying car insurance, there isn’t one set price for everyone. In fact, depending on many factors, you could pay more or less than someone else.
Here are some factors that can affect your car insurance rate.
Where you live. Insurance is more expensive in the city compared to rural areas. Cars are more likely to be broken into and stolen within the city limits. Accidents are also more common due to the traffic.
Your driving record. Your insurance will go up if you have gotten into any accidents recently. You may also go up if you have gotten a ticket for any reason.
Your gender. Insurance for males is often more expensive since they are more likely to be involved in car accidents.
Your age. Certain age groups are also more expensive. Newer drivers should expect to pay more money for their insurance than their parents.
Your marital status. Car insurance rates are lower for married couples compared to single people.
Your vehicle. Older vehicles are cheaper than brand-new ones. Also, sports cars and luxury vehicles will cost more, because they are more expensive to replace.
Use of the vehicle. If you drive a lot of miles, you should expect to pay more than someone who barely uses their car.
Any prior insurance. You could also pay more if you lost your automobile insurance for some reason or another. If your insurance was canceled because you didn’t pay, you are going to have to pay more money now.
The best way to make sure that you aren’t paying too much for your car insurance is to talk to a professional. If you are in Ft. Wayne, IN, don’t hesitate to contact us today at Wise Insurance Agency.
For over 20 years, Wise Insurance Agency has served the Ft. Wayne, IN community. We offer our clients flexible policies designed to meet their needs at all times. We work closely with several carriers to help our clients find unique coverage. We proudly serve the Midwest as an independent insurance agency.
How Auto Insurance Covers Custom Vehicles
As you travel around Ft. Wayne, IN, auto insurance helps you stay protected. There are multiple risks that you face on the road, including the actions of different drivers and the unique road conditions. Auto insurance covers your vehicle if you are involved in a collision with another vehicle or an object. You can add comprehensive coverage to protect you if your vehicle is stolen, vandalized, and damaged due to a fire or inclement weather. If you have a custom vehicle, you should look into a more comprehensive policy.
Adding custom parts and equipment coverage to your auto insurance policy covers any damage to the custom parts, equipment, and other changes to your vehicle. Common examples include wheels, tires, electronics, chrome, and security systems. Having this layer of coverage can give you peace of mind if something happens to your vehicle. Before adding custom coverage, talk to your insurer. Read over the terms of your original policy carefully. Take inventory of every custom item that you have installed on your vehicle. Remember that any damage to unique seats, trailers, fog lights, custom roofs, and mechanical features such as suspensions are covered under the custom coverage.
Wise Insurance Agency Will Help You Protect Your Assets
Visit our website to learn more information about auto insurance.
If you’re driving a new car on the Ft. Wayne, IN roads for the first time or are upgrading your car, then it’s crucial that you know the bare minimum about auto insurance. Since just about every state requires you to have a minimum amount of coverage on your vehicle, you should know how you can be covered with auto insurance. Learn the ins and outs of auto insurance basics with Wise Insurance Agency and visit us for a consultation.
What Does Auto Insurance Cover?
Auto insurance is a type of insurance that provides financial coverage if you get into an automotive accident. You don’t have to pay for all of the repair costs or other costs out of your own pocket this way. Here are some areas in which auto insurance can provide coverage for you:
- Repair costs
- Property damage
- Damage done to another driver’s car
These are just some of the areas in which auto insurance can provide you coverage. The specific amount and type of coverage you receive will depend on the auto insurance policy you choose. For a consultation on what policy is best, contact Wise Insurance Agency for advice.
Importance of Auto Insurance
Not only is it legally required in just about every state to have auto insurance, but it is also vital to your financial recovery in the case of an auto accident. Even the bare minimum coverage type, liability, is great to have in case you get into an accident since liability protects you if the accident was your fault. Having coverage provides a sense of relief when you get into an accident, so all you have to do is worry about recovering.
Visit Wise Insurance Agency to Get Covered
When it’s time to find the right auto insurance policy for you, visit Wise Insurance Agency. Our office proudly serves the Ft. Wayne, IN area.