Choosing Insurance Coverage

If you have recently purchased a new or used car, you are probably also shopping around for car insurance.  


Choosing Insurance CoverageUnderstanding insurance coverage and how premiums are determined can be tricky.  We have provided some tips and information for you to consider in your process of purchasing insurance for your new vehicle.

Know your state minimum requirements:  Remember these are minimum requirements. In the state of Illinois for example, the minimum requirement for Bodily Injury Liability is $20,000/$40,000.  This means in the event of an accident involving bodily injury, your insurance would cover no more than $20,000 towards the injury or death of an individual and no more than $40,000 regardless of how many people are injured.  Damages in this category may include medical bills, lost wages, and pain and suffering compensation.  As you can imagine, these fees could escalate quickly leaving you in a bind if you are only carrying the minimum state coverage.

  • Make sure that your coverage levels protect your assets.  In the event of an at-fault accident, it is your possessions/assets that are at risk if you insurance isn’t enough to pay for the damages as a result.
  • Choose an insurance company that will be honest with you about the coverage you really need.
  • When shopping for a new or used car, look for those who hold the title of “Top Safety Pick” from the Insurance Institute for Highway Safety (IIHS).  This organization is a non-profit agency that tests vehicles and awards them this rating based on expert inspection and rigorous testing requirements.  Insurance companies use this information to apply premium rates to different makes and models of vehicles.

Your local used Toyota St. Louis dealership has an expert finance team that is ready and willing to help you with all of your car and insurance buying needs!

Location: 11771 Tesson Ferry Road, St. Louis, MO 63128, USA

Comments

Post a Comment

Popular posts from this blog

Toyota’s Stance On E15 Fuel

Image
E15 fuel is a source of fuel that is currently catching a lot of heat from people in the automotive industry.  It is a fuel source that consists of 15 percent ethanol and 85 percent gasoline.  The most common type of gasoline that is currently used is E10.  Supporters of this new fuel source believe it will help lower the cost of gasoline for consumers and it will help people become more independent in the energy category. Experts in the auto industry who do not believe in the benefits of this fuel argue that the added alcohol in the make-up will cause potential corrosion in the engine and through the major components of the vehicle, making the cost of repairs far more substantial than any savings at the pump could offset.  When you add the issues of car warranties being potentially invalid due to the use of fuel that isn’t recommended by the manufacturer of most vehicles, you may find it’s not the best choice for your vehicle. Toyota has commented on the fuel saying, “E15 fuel hasn’t
Read more

Social Media Strategy with Toyota Cars

Image
Recently autonews.com interviewed Jack Hollis, the Marketing Vice President of the Toyota Division.  Hollis touched on some important factors of selling Toyota cars in this upcoming year.  One thing is for sure, marketing across all businesses will not be able to overlook the power of social media this year.  It has quickly become a rising star in the world of business and sales and people of all ages are turning to it when shopping for products. Hollis spoke about the big social media outlets and how Toyota will use them to promote their brand.  Specifically, he mentioned Facebook, Pinterest, Instagram, and Twitter.  Hollis believes that the “return investment is based upon how you used these all together in a strategic form, not one-by-one on a tactical form.”  In other words, Toyota does not see one of these outlets as more important than another.  They are all very important and should be used together to maximize the benefits our current market has with the availability of social
Read more

Presidents Day at Weiss Toyota!

Image
Every New 2014 Toyota Camry At Least   $2,000  Up To   $4,000 Off  MSRP! One vehicle available at maximum discount. Maximum savings example STK # 41604 . New 2014 Toyota Camry XLE. MSRP $27,918. Sale price $23,918 after $2,250 dealer discount and $1,750 Toyota factory rebate to dealer. College Grad and Military rebates do not apply. See dealer for details. Prices plus tax, title, license and $199 dealer fee. Offers not combinable. Expires 3/3/14.     New 2014 Toyota Camry Starting At Only  $129/Month!  Lease One vehicle at this lease payment. Lease example STK # 42073 .  New 2014  Toyota  Camry LE. Sale price $22,691 after $750 Toyota factory rebate to dealer. $4,027 down payment required. $4,806 total due at inception.  36 month lease at 12k miles/year.  Residual $13,481. Extra mileage driven could result in customer owing extra at end of lease. No security deposit required. With Approved Credit through Toyota Motor Credit Corp. All vehicles subject to prior sale.
Read more