When you are purchasing a new car in Charlotte, North Carolina, you will need to obtain auto insurance before you drive the vehicle home. The concern that may arise is whether you should add it to your current policy and wait until it ends or if you should obtain a new policy as soon as possible. Ultimately, the decision is a personal choice.

Changing the Coverage

Even though you have obtained auto coverage for your current vehicle, it does not necessarily mean that you are required to keep the same plan until the period expires. You can cancel your current policy whenever you feel that your insurer is no longer working for your needs or when you find a company that suits your goals and concerns better.

Finding the Right Plan

If you decide that it is time for a change, then you will need to find an insurer who meets your needs and addresses your current concerns. The best insurers will vary based on the situation, so working with an independent agent can help.

An agent will narrow down the choices by giving you the best results based on the amount of coverage that you request. Since the agent compares the options and generates the best policies for your goals and concerns, you can quickly compare auto insurance quotes online and make a decision before you take your new car home.

The excitement of buying a new car may seem dulled if you assume that you must insure it with your current provider. You can change insurers if you are not satisfied with the coverage on your current plan. To learn more about insurance options that are available, contact us to talk to an independent agent.

Buying a new car is exciting, but it can come with some unexpected costs that are overlooked. When it comes to auto insurance, the type of car you purchase in Charlotte, North Carolina will impact the amount you pay each month. Although it does impact your rate, the specific policy that you purchase and the situation will determine how your rates are affected.

Basic Liability

If you only purchase the minimum liability policy, then the type of car that you own may not impact your rate dramatically. The reason is simple: the insurer is not paying for damages to your vehicle.

Even if you have the most expensive car on the road, if you do not cover the vehicle for damages, then you may not see dramatic differences in your current coverage price.

Comprehensive Plans

Although a basic liability policy may not dramatically impact your auto coverage rates, it is likely that the vehicle you select may impact your rates dramatically if you purchase a comprehensive policy.

A comprehensive policy protects your vehicle when it is damaged from storms, a tree branch or similar situations, so your insurer may increase the rate if you select a car that has expensive repair parts or that has a high replacement cost. If you pick a vehicle that is not expensive to repair or replace, then your rates may stay the same or even reduce.

The impact of your vehicle on insurance rates will depend on the insurer and the particular plan that you select. In some cases, your rates may stay the same. In other situations, it may increase or decrease after you purchase a new vehicle. If you want to learn more about the impact of your vehicle on your policy rates, contact us to talk to an independent agent.