Four common misconceptions to be aware of regarding auto insurance

The auto insurance policy and coverage amount you carry as a motorist can significantly impact your finances. That’s why it’s so important to be informed appropriately.

At AFI Insurance, we know how important it is for motorists to be aware of common misconceptions about auto insurance. The following are four common misconceptions to be mindful of regarding auto insurance. 

Auto insurance premiums always go up after you file a claim.

When you have auto insurance, it’s essential to use it when necessary. Don’t be afraid to file a claim because you think your premiums will go up. Your premiums shouldn’t go significantly up just because you file one claim or get one ticket on your driving record.  

You can use your general auto insurance policy to cover the commercial use of your vehicle.

You may need to invest in commercial auto coverage if you use your vehicle for commercial purposes. General auto insurance does not typically cover vehicles used for commercial purposes.  

Collision coverage pays off your car loan in case of a total loss.

If you have a loan out on your vehicle, you’ll be required to carry collision coverage by your lender. However, that doesn’t necessarily mean that your insurance will ultimately pay off your loan if your vehicle is destroyed in an accident.

Collision coverage will only compensate you for the current market value of your vehicle at the time of your accident. You may need to pay off your loan out of pocket if you owe more on your car than its current market value. 

You only need to meet state minimum requirements with your insurance coverage. 

It’s best to exceed state minimum requirements for coverage to enjoy enough liability coverage to protect you financially. While state minimum coverage is all you are legally required to have, it’s best to be cautious and invest in added coverage. 

Let us help you explore your auto insurance options in Denver, CO at AFI Insurance. We can provide you with helpful information and policy quotes to find the coverage you need. 

What is included with a Denver auto insurance plan?

The Denver, CO area continues to be a fast-growing part of the country. When you move to this area, you will want to own your own car. If you purchase a vehicle, you should ensure that you get the right insurance coverage. Various types of support can be included when you get a full auto insurance plan. 

Liability Coverage

One type of coverage that anyone in Colorado will have in their auto plan is liability coverage. When you have this type of support, it will give you coverage if you have caused an accident that results in damage. Due to this support’s importance, it is necessary to carry a plan with liability coverage if you want to drive your car anywhere in the state. If you do not, you can be penalized. 

Comprehensive and Collision Coverage

While it is not necessarily required by law in Colorado, many car owners in the state will also want to get a collision and comprehensive plan. With this type of insurance, you will have coverage to replace or repair your car if it is damaged or stolen. This can help to protect your vehicle and investment. Those with an auto loan will typically be required to carry a full insurance plan. 

If you want to invest in a car in the Denver, CO area, it will be vital that you get a proper insurance plan for it. A great way that you can ensure that you do select an ideal plan is by calling the team with AFI Insurance. There are a lot of factors to consider with any insurance plan selection, and AFI Insurance will help you select the right plan for your situation. 

Choosing the right policy to protect your first car

Buying your first car is a very exciting experience and the team here at AFI Insurance is here to help all residents in the greater Denver CO area with all of their insurance needs. Before you buy that car, be sure that you have selected the right policy to protect it!

The right policy to protect your first car

Owning a car is a huge milestone and you will likely remember the day you buy it for many years to come! But, before you drive your new vehicle off the lot, it’s important to take the time to choose the right insurance policy to protect your new investment. 

Outside of a house, a vehicle in many people’s largest purchase. It only makes sense to protect such a substantial investment. Now, the first time you look at your auto insurance options, you may feel very overwhelmed. There are definitely a lot of options to choose from. Luckily, sitting down with a local agent to review these options is an effective way to make this process a lot less stressful.

Be sure that you have the coverage you need. And you may want to consider features like roadside assistance, car rental reimbursement, and safe driver discounts when making your selection. Even though it can be an overwhelming experience at first, it is one that is absolutely necessary. It is also recommended that all insurance policies are reviewed on a regular basis as many times your needs can change.

Give us a call today!

Denver, CO area residents can rely on AFI Insurance for all of their insurance needs. Give us a call or stop by our office today and learn more about the many auto policy options that are available in our area.

What Kind of Vehicle Should I Purchase for My New Teen Driver?

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.

Auto insurance for your car

As a car owner, auto insurance will already be at the top of your priority list. But did you know that you should be regularly checking that your auto insurance is up to date and that you are still covered for everything you want to be covered for? It is always a good idea to speak with an advisor in case you are missing certain add-ons. 

If you want to discuss renewal or a new auto insurance policy with us, contact AFI Insurance in Denver, CO, and we’d be happy to help. We listed some things to consider below. 

Requirements

If you already have car insurance, you should know what the requirements are for this. In the state of Colorado, you are required to at least have a policy for liability insurance and bodily injury insurance. These policies cover you in the case of an accident, and they cover you and other drivers or passengers. 

Other options

Beyond the requirements, you can choose what you cover and how much. But here are some options for you to consider:

  • Road assistance so that you can always get picked up if you get stuck. This counts for your car as well.
  • Getting towed can be incredibly expensive and add many costs, so to include this in your policies means you are at least financially covered.
  • Accident coverage. As accidents are unfortunately common, it is best to ensure your accident coverage is as good as possible. Make sure to discuss this with your agent.

If you are ready to get an auto insurance policy on a new car or renew your current auto insurance, call AFI Insurance in Denver, CO at your leisure.

Auto Insurance Add-ons to consider

Auto insurance is vital, but regrettably, you will find motorists in Denver, CO operating their vehicles without car insurance. Most car owners in Denver, CO view car insurance as a recurring annual expense. Nevertheless, when unexpected strikes like an accident, it is time they realize how auto insurance is a fundamental tool and add-ons are. At AFI Insurance, we offer outstanding auto insurance blended with add-ons to ensure that Denver, CO drivers are perfectly safeguarded against imminent perils like theft and fire. Below are add-ons you can consider to enhance your auto insurance policy.

Road assistance coverage

Have you ever been stranded on the road with a punctured tire or failed engine in Denver, CO? It can be stressful. Having road assistance coverage eliminates all worries of feeling helpless. This form of coverage offers services such as battery jumpstart, gas delivery, puncture repairs, and minor roadside repairs whenever your car is unfunctional away from home.

Zero depreciation cover

This kind of add-on ensures car owners in Denver, CO gets the entire claim of the repair or replacement cost without factoring in depreciation. Devoid this crucial protection, you might have to cover the difference between the actual cost of repair and the insured value.

Consumable cover

Most consumables such as oil, nuts, and bolts are not catered to by insurance during claim times. Acquiring this form of add-on can save on all those consumables that will get covered no matter how small they seem to be. It extends cover to expenses emanating from consumables that are unfit for future utilization, resulting from damage after an accident.

Engine protection cover

Your car engine is one of the most vital components. This importance warrants a solidified car insurance for your engine. This coverage is very instrumental if you reside in areas that experience heavy downpours. Engine damage is likely to crop up when you start your car with a wet engine. Standard auto insurance coverage doesn’t protect against engine damage; therefore, engine protection cover salvages you from damage costs for your engine.

Do you need auto insurance in Denver, CO? Don’t look beyond AFI Insurance. Please call or visit our offices in Denver, CO. Our agents will help you customize auto insurance enhanced with add-ons that match your needs and budget.

What Auto Insurance Do Denver CO Drivers Need?

When you get into a car accident while driving around Denver, CO, you need to have car insurance, otherwise you could be breaking the law.

In Denver, drivers are required to have liability insurance that will cover bodily injury to another person or property damage to another individual’s property or vehicle. You are required to carry a minimum amount of liability insurance:

For bodily injury or death to one person in an accident: $25,000
For bodily injury or death to all person in one accident: $50,000
For property damage in one accident: $15,000

But, just because liability insurance is the only insurance you are required by law to carry, that doesn’t mean it’s the only insurance you should consider. There are several other options that will further protect you, your passengers and your property. 

For example, it is always a good idea to purchase uninsured/underinsured motorist coverage. This option will ensure that if you are in an accident with a motorist who does not have insurance that you and your car will be covered for any damages.

The next option you will want to consider as a driver is comprehensive and collision coverage. This insurance protects you against other damages to your vehicle outside a crash or accident. This can include damage sustained by bad weather It also protects you should your car be involved in a rollover.

Selecting the right insurance is an important decision for any driver. If you have questions or are interested in learning more about your options, contact AFI Insurance in Denver, CO for more information. Our experienced team of agents can put together the best plan to meet your needs.  

Do I need auto insurance in Denver?

The Denver, CO area is a popular place for people to live. This is a large city that also has access to the Rocky Mountains and all of the activities that come along with them. To enjoy the city and mountains as much as possible, you should get your own car. Along with the purchase of a vehicle here, you will also need to get an auto insurance plan. There are many reasons why you need to get an auto insurance policy when you are here. 

Insurance Protects Car

A key reason that you need to get auto insurance is that it can protect your car. Those that buy a car in Colorado will be making a big investment that needs to be protected. With a full collision and comprehensive plan, you will have the auto insurance coverage necessary to repair or replace your vehicle. This coverage will also be required if you have taken out an auto loan.

Insurance is Required by State

You will also need to get an auto insurance plan to drive your car in Colorado. Similar to rules that are set in other states, all drivers in Colorado are required by law to carry liability auto insurance. When you have this coverage, you will have the financial resources necessary to pay for any damages that you caused during an accident.

Those that would like to get an auto insurance plan in the Denver, CO area should call AFI Insurance. Picking auto insurance is never easy and AFI Insurance can help you get into a plan that is right for your situation. The team is able to do this because they spend time assessing your situation to figure out what your specific needs are when it comes to coverage. 

Do all Denver car owners need auto insurance?

When you are living in the Denver, CO area, you are going to want to be able to get around the metro area as efficiently as you can. A great way to make your transportation process easier is by owning a car. If you do want to own a car here, it is important that you get the right insurance for it. There are several reasons that the typical car owner here needs to have insurance for their vehicle.

Insurance is a State Law

It is very important to get auto insurance in Colorado because it is a state law. Anyone that is here and owns a car has to abide by state laws regarding liability coverage. If you are going to drive on a public road, you will be required to have liability auto insurance in place at all times. This will ensure that you could pay for any damages that you may cause during an accident.

Insurance is Required by Lenders

Buying a car is a major investment that often requires taking out a loan. If this is the case for you, the lender will have certain auto insurance requirements that normally will include having a policy with full coverage. This requirement is designed to ensure that the lender’s collateral is protected until the loan is repaid. 

Car owners that are in the Denver, CO area have to ensure that they maintain proper insurance at all times. If you are looking for ways to cover your vehicle, it would be a good idea to call AFI Insurance. Anyone that works with AFI Insurance will find that their friendly and knowledgeable service is geared to helping people pick quality insurance policies. This can ensure that anyone remains properly covered and protected at all times. 

Who Needs Auto Insurance

Every state in the U.S. has different requirements for who needs auto insurance as well as the minimum amount of coverage you should carry. In Colorado, everyone who has a driver’s license and access to a vehicle should have insurance in order to drive. Insurance agents are your best bet to know exactly what you need when it comes to auto insurance. At AFI Insurance, you’ll be able to get information that you need about liability insurance coverage.

Liability Coverage

It seems that younger drivers tend to cause more accidents, but anyone can have an accident no matter what age you are. If you have liability coverage, then you’ll be protected if you cause a car accident. In Denver, CO, you must have liability insurance on your vehicle. There are several different types of liability coverage. There is general, bodily injury, and property damage liability.

  • General liability – covers you if you cause an accident.
  • Bodily injury damage – protects you from financial responsibilities if you injure someone while you are driving.
  • Property damage liability – keeps you from paying out thousands or more from damages that you caused to someone else’s vehicle or property.

Other Types of Coverage

There are additional insurance coverages that you can secure for you and your vehicle.

  • Uninsured/underinsured motorist – if someone injures you, your medical bills, vehicle repairs could be covered if that person doesn’t have insurance or doesn’t have enough to cover the cost for repairs.
  • Comprehensive coverage – covers the damage to your vehicle that is not related to a driving accident, such as vandalism, theft, or fire damage.
  • Collision coverage – could pay for damage to your vehicle if you hit another object, such as other vehicles, poles, or mailboxes.

Talk to an agent about liability limits and other coverage you may need for your vehicle in Denver, CO. At AFI Insurance, their staff can help you get started with your auto insurance policy.