Buying your first car is an enormously liberating experience, granting an unmatched and refreshing level of independence. However, with this privilege comes the responsibility of maintaining the vehicle, making your payments, and buying the right car insurance policy. The Insurance Exchange, Northwest Montana's premier insurance agency, explains a few things you should understand about getting the right insurance coverage for your new car.

State Requirements

Almost every state requires every driver to carry a bare minimum amount of liability insurance, with separate protections for bodily injury and property damage expenses. However, these minimums are not enough to pay for the consequences of a serious accident, so it's usually best to get as much car insurance coverage as you can afford.

Optional Coverage

In addition to liability, you might want to consider collision coverage, which covers your property if it's damaged in an accident you caused, and comprehensive coverage, which pays damages for anything that happens to your car when it's not on the road. If you financed your vehicle, the lender will most likely require you to have both of these policies until it’s paid in full. Speak with your insurance agent to find out what other types of car insurance coverage might be best for you.

Insurance Premiums

The amount you pay depends on several factors, including the value of your car, the deductible you choose, and even where you live. In general, the higher your deductible is, the lower your monthly payment will be. Your local insurance expert will ensure you get all of the discounts you qualify for, so you pay the lowest premium possible.

As an independent insurance agency, The Insurance Exchange maintains relationships with several of the nation's leading carriers, giving them a variety of policies to choose from. Call (406) 756-2500 to get quotes and make an appointment, or simply visit the website to learn more about the range of insurance policies offered.