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Shopping for a New Car?
Well, you’d be surprised to know that the car buying process shouldn’t start at the dealership.

  

Whether it’s your first time or you’re an expert, purchasing a new vehicle is always an exciting experience. However, it’s important to keep in mind that the car buying process shouldn’t start at the dealership.Often times we have clients call in to add their new purchase, and they’re completely shocked when they find out that their new vehicle has affected the policy premium. Check out some of these helpful hints:

Premiums: Avoid the costly mistake of not knowing how much it will cost to insure your new vehicle. If you know the year, make and model of the vehicle you’re considering purchasing, give your insurance agent a call for a quick estimate.  

Proof of Insurance: The dealership will require proof of insurance, call your agent to ensure that you have the necessary documents for the most efficient outcome.

Financing:  If you’re financing a vehicle, guaranteed auto protection also known as GAP coverage is something that you will need. GAP insurance is used in case of an accident, your insurance will pay the current market value of the car,
but not the total amount of what is owed to the finance company. Give your agent call to discuss what it will cost to add the GAP coverage, because the dealership does offer the GAP coverage, but at a much higher price.

Mechanical Breakdown (MBI) vs. Extended Warranty:  So, you’ve had your vehicle for a while now and your car warranty just ran out, but you’re worried about those costly repairs that seem to always appear after your warranty ends.
What do you do about the mechanical problems that are starting to pop up? Well,  MBI covers all parts and systems not just the specific list of items, has low policy premiums throughout the term rather than a large lump-sum upfront, and allows you to get the vehicle serviced at the shop of your choice.

So, if you’re considering purchasing a new vehicle you should contact your local agent to discuss your best and most cost friendly options. 

                
           CJ Armstrong 
Personal Lines Account Manager

   CJ@armstrong-fairway.com 
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