Travers Insurance is here to help the greater Webster Groves, MO community with all of its insurance needs. Buying a new car is a very exciting experience and one that may change your auto insurance needs. Call our office today to find out more.
Upgrade your auto insurance if you buy a new car
When you buy a new car, your auto insurance needs will likely change. Because of the speed at which new vehicles depreciate, it’s important to have adequate protection. In the event that your vehicle is stolen and never recovered, or is declared totaled in an accident, you will need robust protection.
If a new car is deemed unusable due to an accident or theft, the insurance carrier will assign a value to the vehicle. This amount that is paid out to the policyholder can be less than the amount that is still owed to the lender. Unfortunately, this situation occurs quite frequently.
To avoid having to owe your lender money for a car you can no longer use, be sure to upgrade your auto insurance policy to have this gap protection. Without it, you could find yourself in an unwanted financial situation. This is one example of why it is beneficial to work with a local insurance agent. Sitting down with someone to review your needs is very helpful when you are looking for the right auto policy for your needs. Find out more about auto insurance today!
We are here to help
Residents in Webster Groves, MO and the surrounding area can rely on the team at Travers Insurance. If you have questions about auto insurance, we are here to help answer them. Give us a call or come by our office today to learn more.