The Source Auto Insurance
Auto Insurance Frequently Questions
Shopping for Auto Insurance
Where can I buy car insurance?
There are many national and local insurance companies that offer car insurance. Many of these insurers sell other insurance products as well, and may offer discounted rates to policyholders who buy multiple policies from them (see below for more information on car insurance discounts).
Drivers can buy car insurance from individual insurance agents or companies, or from a broker that offers insurance from many different companies. Drivers can save money by comparing auto insurance quotes and making sure that they get the best deal possible on the coverage they need.
How much does car insurance cost?
Car insurance rates depend on a number of factors. These include:
-Personal details like age, sex, and marital status
- Where you live
-Average annual distance driven
-Your vehicleYour creditYour coverage amount and type
According to the Insurance Information Institute, the average annual car insurance cost was around $866 dollars in 2014.
Is car insurance mandatory?
In most states, some level of car insurance is required. The minimum amount of coverage may just be liability insurance, or it may include uninsured/underinsured motorist or additional medical coverage.
New Hampshire and Virginia do not require that drivers buy auto insurance, but do have minimums in place for drivers who do choose to buy insurance.
When should I buy car insurance?
You should buy auto insurance before you begin driving, as it’s required in most states (see below). Driving without insurance is often illegal and leaves you financially vulnerable.