When you drive a car in New York, you need some type of auto insurance. The law requires that everyone have at least the state minimum auto insurance coverage, but you may want or need to carry more comprehensive coverage. You can easily work with your NY Twin Bridges Insurance Agency agent to work out additional coverage that will provide even more protection than the law requires.

If you buy and finance a new car, the finance company will require you to take out additional auto insurance. Technically, you do not own your car until you finish making all the payments. If you should get in to an accident and cause substantial damage or total your vehicle, the finance company does not want to suffer a loss. They will insist that you carry adequate collision and comprehensive coverage so the car can be repaired or the note can be paid off from the proceeds of the insurance company’s settlement check.

If you own an old car, you may need to decide whether or not it is worth paying an additional premium for collision to cover damages should you get into an accident. If, for example, your car is worth $700 and you have a $500 deductible, the most you could ever hope to collect is $200.

At NY Twin Bridges Insurance Agency, here in Albany, New York, we have many clients who need coverage but do not want to pay high premiums. We represent many different auto insurance companies and can compare quotes to find you the best rates. Give us a call today to talk to an independent agent.