In the beginning, it is best to learn about the different types of insurance coverage. Since some coverage is mandatory and some is optional, you will want to start by identifying the differences and then deciding what you will need. This part of the process also includes learning more about the amount of coverage you should have built into your policy as well based on your personal needs.

Liability insurance provides coverage, in the event you are deemed at fault or just as the name says, liable for an accident. This includes, injury to others, as well as damage to their property. In certain cases, this coverage can also help with payments towards your legal fees.

Direct Compensation coverage is also important to have in cases that relate to any damage to your own vehicle or if you suffer any bodily harm, as well as not being the one who is found at fault. As a result, for this coverage, you only need to go through your insurance provider to access this claim.

Collision insurance also falls under the category of claims being made were you are involved in a vehicle collision, however are not found responsible for the accident. In addition to the occurrence of a collision, in the event your vehicle is damaged as a result of coming into contact with road debris and other objects such as poles and guard rails, etc., then this type of coverage can also be beneficial to have.

Having Accidental Benefits can also prove to be a very important insurance piece to consider as this type of insurance is designed to cover any medical-related bills and treatments, you or your passengers may require following an accident. It also includes any injuries that are caused to pedestrians who have been involved in the incident.

As well, just as the name states, this coverage pertains to the event where you are involved in an accident that has been caused by an uninsured driver. Since this individual is not operating their vehicle with the proper, and even in certain cases, the mandatory vehicle insurance, this means they will not have enough coverage or any coverage they can claim towards these costs. Therefore, by having this coverage yourself, you will be able to access funds from your own coverage to cover any damages.

Last, but not least, we have comprehensive coverage. This final type of car insurance can be  considered a one-stop shop as it is comprised of many different types of available auto insurance options. Specifically, it provides you with the coverage you need to protect you and your vehicle against a variety of damages. In fact, this coverages also relates to instances where natural disasters, rioting and acts of theft have led to your vehicle being damaged.

Once you have decided what type of coverage you need, of course turning to an insurance broker for support is key. Many insurance companies have well-known reputations that reflect the quality and nature of their services, so you can rely of these reviews to help you choose the best fit for your needs.

As a first-time auto insurance buyer, you should be aware of aspects that contribute to your insurance policy rates. It is important to also keep in mind, that insurance prices are typically determined by a variety of factors that include: where you live, your age, your marital status, the length of time you have spent driving, and of course, your past driving history.

With this being a new experience, like anything else, it is important to do your research and make the most informed decision you can when deciding what type of vehicle insurance to purchase. It is equally important to choose an insurance broker that will be the right fit for you.

Contact our insurance brokers at Leaders Insurance for more information about how we can best support you in this new endeavour. We are here to answer any questions you may have and to also help you learn the ins and outs of your first car insurance policy.