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  • 16 years later...

Hi all. What are the factors to consider when choosing auto insurance for a new car, and are there specific coverage options recommended for newly purchased cars?

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Hello! There are several factors to consider when choosing auto insurance for a new car. First, make sure the coverage meets your state's minimum requirements. Also, consider the cost of the car, loan/rental requirements, and your budget. For new vehicles, comprehensive coverage and collision protection are generally recommended to protect against theft, accidents, and damage, see this post. Gap insurance is also recommended to cover the difference between the value of the car and the remaining amount of the loan/lease.

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