Secondhand Car Buyer? Quick Insurance Facts to Take Note Of

A secondhand car comes cheaper than a brand new one. However, buying a used car may turn out to be a harrowing experience if you are not aware of all the financial and insurance matters involved. Besides carefully assessing the dos and don’ts of getting a secondhand vehicle, you also need to review the insurance aspects that are associated with the deal. Being aware of some facts will help you choose the right kind of insurance for your used car. Knowing some tips on secondhand Columbus auto insurance policies will help you avoid problems that could haunt you later on when you make insurance claims.

• Insure your secondhand car as soon as you purchase it. The registration and ownership process, involving the transfer of the car in your name, can be completed only when the insurance is done. Also, as per rules, you will not be able to use the car if you do not have insurance. 

• If the secondhand car is your first vehicle, then you are not likely to secure any immediate benefit from the insurance company. 

• Check the history of the used car you are planning to buy. Its condition and safety factor will determine the way insurers will assess its risk and calculate the premium on your insurance.

• Find out if your chosen secondhand car has ever been involved in an accident or had any repairs made to it.   

• Review the statistics and records on the safety of your secondhand car's make and model. The insurance policy premium, the risks of insuring the secondhand car and the type of car insurance coverage it needs is often decided based on the number of claims made against that car model.

• Maintaining a clean driving record and steering clear of traffic fines, speeding tickets, and car accidents will help you get secondhand car insurance at a lower premium rate. 

• Assess the type of physical damage coverage you need for your secondhand car purchase. You may not necessarily need to settle for collision and comprehensive coverage, since this coverage is not always worth it for a used car.

• Choose an insurance policy that offers a higher deductible in order to pay a lower premium. 

• Settle for a plan with a lower deductible if you can shell out more money on a higher premium. This will help cover the cost of repairs in case of an accident or mechanical problems.

Understanding the above-mentioned facts will help you get the right insurance policy for your secondhand car purchase. Please give Gardiner Allen DeRoberts Insurance a call at 614-221-1500 for more advice on finding the best secondhand car insurance policy.