When Do I Need Auto Insurance?

Post 7 of 9

Last week we discussed when you should purchase your own homeowner’s or renter’s insurance. This week’s article is the second in the three part series and will focus on when you should purchase your own auto insurance. When it comes to auto insurance, the most common safeguard we see is a car dealership requiring proof of auto insurance before driving a car off the lot. Normally, we’ll also receive requests from banks or financing companies asking for proof that there is comprehensive and collision coverage on the vehicle they are financing.

When determining if you need your own auto insurance, ask yourself the following questions:

  • Have I moved out of my parent’s or guardian’s house?
  • Do I have a vehicle I own?
  • Do I have a license but only borrow vehicles from others?

If you answered yes to any of the above questions you should have your own coverage. Even if you don’t own a vehicle, we recommend purchasing a policy that will provide liability coverage to you as a driver for when you borrow someone’s vehicle.

The questions above are not all encompassing and your personal situation should always be discussed with your insurance agent. Our licensed staff is ready to help you determine what policy is right for you!

Do you have a question that you’d like to ask? Email us at customerservice@mayflowerwollam.com and we might use it in a future entry!

This article was written by Joshua Palmer

Josh is a licensed insurance agent with the Mayflower Wollam Insurance Group. He is a graduate of Mineral Ridge High School, Class of 2008, and attended the United States Air Force Academy, Class of 2012, where he earned a Bachelor of Science in Meteorology. Josh brings a unique background into the agency and focuses on a mixture of personal, commercial, farm and life insurance. His office is located in our Cortland location.