Congratulations, you graduated! Now what?

Graduating college comes with a lot of firsts for many—first “adult” job, first time living on your own, first time paying bills, etc. With all this exciting new stuff at the forefront, car insurance might be the last thing on your mind since you graduated.

Properly ensuring your vehicle is essential when it comes to managing your finances. It also helps protect the investment you make when purchasing a car and saves money in the event of a major accident.

There are many different types of auto insurance policies:

• Collision
• Comprehensive
• Liability
• Medical Expenses and Personal Injury Protection (PIP)
• Underinsured and Uninsured Motorist
• Additional Expense
• Loan/Lease Gap
• Road Trouble Service

You can learn more about each here.

It’s essential to make sure you’re saving yourself money and finding the right coverage for you and your current situation. But how can you do so? Avoid searching “insurance agents near me,” and keep reading to learn more.

Compare Quotes

It’s important to shop a few different places for insurance before deciding, as premiums often vary widely by company. This is especially important for recent graduates as they usually pay more for auto insurance due to their age. Other factors that influence insurance rates include location, driving history, vehicle model, and more.

Think About What You Need

States have different insurance requirements, with most enforcing a minimum level of liability insurance. Once you meet that level, purchasing additional coverage, such as uninsured motorist coverage, which protects you from uninsured drivers, is up to you.

However, it’s important to note that the minimum required coverage often does not fully protect you or cover you in the event of a serious accident.  

Look Into Discounts

Much like student discounts, some companies might offer post-graduate discounts. You can also ask your alma mater directly if they have any connections to alumni insurance discounts that can help save you money. There’s potential for non-college-related savings as well, so be sure to ask your insurer. Something as simple as filling out a paperless application can help you save.

Consider Staying on Your Family’s Plan

Unlike health insurance, children do not have to age off their parent’s plan. In many cases, staying on your family’s plan might be cheaper than getting your own policy. However, if you are no longer considered a dependent or if you move somewhere else permanently, you will not be able to stay on their plan and will need to purchase your own.

Add Safety Features

If you plan to purchase a new car, consider purchasing safety features that you can offer. Adding blind-spot monitors and rearview cameras helps you drive safer and might qualify you for an insurance discount.

Bundle Your Coverages

It’s rare to be able to purchase a house right out of college. However, many new graduates take the leap to rent and live on their own right away. If your new home requires renters insurance, consider bundling it with your auto insurance. Depending on your coverage provider, many provide discounts when you choose to bundle their services.

Accidents and break-ins happen, which is why finding the right coverage is essential. Make sure to lock your car doors, park under lights, and avoid keeping valuables in your car, as these simple safety tips might be enough to avoid your car getting broken into or stolen. It’s important to have auto insurance overall, but it’s even more important to avoid using that coverage.

If you’re looking for coverage around Stuart, FL, there’s no need to research “independent insurance agents near me.” Specializing in home, auto, boat, and life insurance, Gambale Insurance has you covered throughout all walks of life and incidents that may occur. Contact us today to see how we can help.