So, the time has come for your teen to start driving. Aside from purchasing sufficient auto insurance coverage from an agency like AFI Insurance, serving the Denver, CO area, you also must take care of the vehicle that you choose for your teen. The vehicle chosen will not only affect how safe your teen is on the road, but it will also have a direct impact on your auto insurance premiums. Here are a few tips as you embark on your teen car-buying journey.
New or Used Car?
While the absolute most advanced safety technology features will be found in newer vehicles, this doesn’t mean that you have to go with a new car. A new car will mean a car payment, so keep this in mind as well. Believe it or not, it is possible to get a used car that has very similar safety features to newer cars. In the end, you should go with what you feel comfortable with after speaking to your insurance agent about the costs associated with insuring a new vehicle.
Big or Small Vehicle?
Ultimately, it is a general consensus that you should avoid SUVs, trucks, and other large vehicles for your teen driver. This is because these vehicles can be a little more difficult to maneuver, and they’re more susceptible to being involved in a rollover car accident. At the same time, though, you will want to avoid extremely small cars, since compact vehicles have very little protection. In the end, you should opt for a midsize sedan or even an SUV. These will provide plenty of cargo space for a teenager while also being safe and easy to maneuver.
There are plenty of other factors that should be taken into consideration, such as crash test ratings, airbag placement, horsepower, and more. When you’re ready to obtain a car insurance quote, contact AFI Insurance, serving the Denver, CO area.
When you do business in Colorado, there are certain commercial insurance types that you are required to have. Without these, you can put your business in financial danger both of accidents occurring and of being assessed fines and other penalties by the state. If you need commercial insurance for your business, give us a call at AFI Insurance in Denver, CO.
Workers’ Compensation Insurance Coverage
In Colorado, all businesses must have workers’ compensation insurance. This is necessary to have because it pays for the medical bills and lost wages that employees get when they have an injury at work. This protects your employees by making sure that funds will be available for that purpose if an accident should happen. It also protects your business by protecting it financially in case of an accident.
Commercial Auto Insurance
In Colorado, it is required for you to carry commercial auto insurance for either a company vehicle or a personal one that is used for work activities. This insurance must have coverage for bodily injury liability as well as property damage liability. There is a required amount for one person who is injured in an accident and another amount required for two or more people injured. This protects your business in case an accident is caused by one of your vehicles. It can also be helpful to get other types of coverage along with the required ones.
Professional Liability Insurance
This type of insurance covers you against errors and omissions that can cause damages. This type of insurance is only required among those in the health profession, but it’s also highly recommended for other professional services businesses such as architects and attorneys.
Get Your Commercial Insurance Coverage
If you have a business in Colorado, you will need commercial insurance in most cases. To find out more, give us a call now at AFI Insurance in Denver, CO.