Orlando, FL — Sometimes we feel life could be a constant evolving chaos. Changes, changes and more changes. Most of the time we end up adapting to our new reality. At the end, we discover it is all good as we grow and it is important to embrace changes and make a positive outcome as we build our future.
How about this scenario, you got a fantastic job promotion and you want to reward yourself with the car of your dreams. That’s ok! We mean, of course it is o.k., but remember to follow the golden rule: Enjoy life responsibly…
In Central Florida it’s so easy to take a ride and discover so much! It makes your new car decision easy and justified. You can go east or west, north or south and find lots of places and activities that you can enjoy with family or friends. Not only that, when you have family from up north or abroad you want to entertain them showing all the things they can enjoy when they visit Florida. Maybe one weekend here and one weekend there?
Soon enough, your son is in high school but also wants a part-time job and you are fine with it. Now he wants to borrow your new car. Uh, maybe not. Will you end up buying a new car for him? Maybe a pre-owned one?
Well, all these events have a lot to do with the type of car insurance coverage you should consider. We know you see a lot on TV and may find it easy, but the selection process of the right insurance company is not effortless. Whether you value more an excellent customer service — or maybe you are a more price oriented customer, many other factors come into play.
You must perform a self thorough evaluation on how you plan to use your car considering the risks you may think you could face, to then be able to compare different alternatives from insurance companies.
To help make your selection process more organized and structured, you can use the following questions as a general guideline.
Did you pay-off, financed or leased your car?
When you owe money on your car or have to return it in good condition when a lease expires, you’ll likely be required to insure the car for its full value—and even for any gap between what you owe and the car’s market value. A collision and comprehensive policy will cover damage to your car up to its value—while the supplemental gap insurance will cover the rest.
Do you drive a little or a lot?
Do you drive 100 miles a month or closer to 1,000 or more? Your policy should be based on how much you do. If you don’t drive a lot, you may want to opt for mileage-based insurance but if you (like me) like aventure and drive around then you need to consider other options.
Do you use your car for work tasks?
We are not talking about getting to work on your car, but if you perform work related tasks such as deliveries, Uber, Lyft or any other transportation services available here in Orlando City, commercial vehicle insurance (available from our sister company Garzor Insurance) is required. A personal auto policy will not provide coverage if you use your car for commercial activities.
What do you drive?
If you in fact decided after that job promotion to get sporty wheels, know that the risk of your car being stolen is higher, and its repair costs just as well. Your insurance rates will factor-that-in —but on the other hand you may receive discounts if you drive a car with improved safety features and a good safety record should that be the case.
Where you live and park your car matters
Theft or vandalism are common occurrences on cars that are parked on the street in urban areas. You might want to consider a comprehensive policy that covers that risk. You will see lower rates when you move from a city to a suburb.
In most cases, your car insurance will cover other occasional drivers. However, if other drivers live with you and use your car—whether a spouse, a teen driver or a housemate—they should be listed on your policy. Remember that your insurance options and costs will be affected by your age, gender and driving record. And, “heads-up”, your credit score can also affect your rates.
What does Florida mandate?
The state of Florida requires every vehicle with four or more wheels maintain Florida Auto Insurance coverage. When you register your vehicle you must have proof of Florida coverage. The minimum requirement is $10,000 personal injury protection (PIP) and $10,000 property damage liability (PDL).
How important is your car to you?
If your car is new and may be your dream car you’ll want it fixed perfectly or replaced with the same model. Seek for the fullest range of insurance, including collision, comprehensive and even glass coverage.
If your car is not so new or may not be the car you ever dreamed of, you should be provided with alternatives that help you save on premiums.
Whatever wheels you’re on now, remember our attentive auto insurance experts at Orlando Insurance Center are always on your side to help you find the insurance solutions that are perfect for you.
ENJOY LIFE RESPONSIBLY!