There’s a lot more to buying a car than just buying a car. Here at Ourisman Chrysler Dodge Jeep® RAM of Bowie, your Chrysler dealer near Upper Marlboro, MD, we want to help you with as much of the process as we can. That includes information on car insurance.
Car insurance serves many different purposes. The main functions being to protecting you, your passengers, and the other drivers you interact with from financial burdens caused by automotive accidents. This is done through different coverages.
The coverage you’ll find most important is Liability. This is not only because it protects you from damage you do to other drivers, but because it is also required by law. After liability, Collision and Comprehensive are the two that most drivers opt for out of a sea of other coverages. The former protects your car from auto collisions, and the latter protects your car from just about everything else.
Determine Your Premium
Your premium is determined by the coverages you select first and foremost. However, within most of those coverages, you can set your deductible. The higher your deductible, the lower your premium will be. However, if you have a high deductible, should you actually need the protection of the coverage, you’ll receive much less and be personally responsible for much more. It’s a good idea to weigh those things against what you can financially come up with at a moment’s notice.
The car you intend to insure will also play a huge role in determining your premium. A newer car like the 2018 Jeep Renegade is going to cost more to insure than an older model. This is because the more the car is worth, the higher the premium.
Keep these things in mind when you select your vehicle from Ourisman Chrysler Dodge Jeep RAM of Bowie. If you want to know more, we are happy to share that information with you.