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Regardless of whether you’re a newly licensed driver or have been on the road for years, auto insurance can be challenging to figure out. With so many options when it comes to coverage and policy providers, it’s not uncommon for consumers to have a number of questions for their agent. Luckily, Farmers Insurance: Daniel Oliver in Edina, MN, makes it a priority to give clients all the information they need to make educated decisions about their coverage.

Here are answers to five of the most common inquiries about auto insurance.

How Are Insurance Rates Determined?

Insurance companies will use a wide variety of factors to evaluate your specific risk level as a driver and base your insurance rate calculations off this. These factors will include things like geographic location, the type of car you drive, your age and gender, credit score, driving record, and more.

What Is a Deductible?

A deductible is the amount you will be responsible for paying out of your own pocket in the event of an accident. This will need to be taken care of before your insurance provider covers the remaining balance to get your vehicle fixed. You will choose how much your deductible is at the time you purchase your policy.

What Is the Best Way to Insure a Teen Driver?

auto insuranceAlthough you might be hesitant to add a teen driver to your own policy, this will usually provide them with the best rate, and it may even give you a bit of a discount.

How Do I Know if I Have Enough Coverage?

Your individual situation and needs will establish how much auto insurance coverage you should buy. It will largely depend on the vehicle you drive, how old it is, and if you are listing other drivers. Consulting with an insurance agent will help ensure you choose the right policy.

Once you gain clarification on important auto insurance topics, you can feel confident about selecting adequate coverage. Contact Farmers Insurance: Daniel Oliver at (952) 925-4454 or visit his website to request a free insurance quote. You can also connect with the insurance agent on Facebook.

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