Buying a car is an important decision that requires quite a bit of research on the models, financial options, add-ons, etc. Equally important is the decision you will take about car insurance. Investing in the right insurance policy is the best way to ensure the safety and maintenance of your car. With hundreds of car models hitting the road every year, motor insurance policies and their offerings keep changing for every new model. Picking the right insurance policy is important, both in terms of coverage and cost. To choose the right car insurance policy, you need to first understand the types of policies available in the market. The following are the various types of coverage available: Collision coverage: This is the basic type that covers the damage suffered due to the collision of your vehicle. Comprehensive coverage: This includes non-collision damage to the car, which is due to environmental damage, theft or vandalism. For cars that are financed through third-party sources, this type of coverage is a must. Liability coverage: This type covers the costs to others impacted by the accident caused by you. This is a mandatory insurance in most states. Personal injury protection: This policy covers the costs of injury to the driver and passengers affected by the accident.

Car insurance companies are a blessing to motorists since however careful one is, they can never really know what may happen on the road. A car insurance policy safeguards the vehicle, its driver, and passenger from a variety of unpleasant situations. If you are looking to purchase a policy for your vehicle, there are some of the common traits of the best auto insurance companies you should consider. These are: Straightforward shopping experiences Care and concern towards policyholders after an accident Good treatment of customers Transparent policy terms Car insurance companies that have consistently high customer satisfaction scores and low complaint rates work their way to the top. The top insurance companies in the country make up as much as two-thirds of the market revenue. Apart from customer satisfaction and claim handling scores, these companies also offer multiple policy bundles and discounts for safe drivers. Here is a list of the top 5 car insurance companies in the country: New Jersey Manufacturers (NJM): One of the oldest car insurance companies, NJM is the top in the ranking by Nerd Wallet with a 5-star rating. Auto-Owners Insurance: This company ranks number 2 in the list with a 4.5 rating. Amica Mutual:

If you are in the market to buy a new car, you are bound to get attracted by all the amazing offers out there, with each one seeming better than the last. But before you get lured in by all the glitter, keep in mind that there are certain factors you need to evaluate, to see if the car is worth the investment or not. One of the most important features a lot of individuals forget about are the safety features. Chrome wheels and leather interiors won’t matter the most in the face of an imminent threat. To help you double-check for the car safety features you need your future vehicle to have, we have put together a list of the essential ones. Anti-lock brake system (ABS)  It is a sensor on every wheel that communicates to a computer to allow optimal braking while allowing the driver to steer. This feature is of absolute importance when it comes to car safety as it prevents the wheels from locking up when the brakes are pressed hard. When the wheels get jammed, the driver will not be able to control the movement of the vehicle. Automatic seat belts These kinds of seat belts come on as soon as the driver and the other passengers sit in the vehicle.

A car loan is a type of personal loan that allows you to buy a car using monthly payments instead of paying the entire worth in one go. This implies that the lender will pay the total price of the car for you. In exchange, you have to pay them back before the loan reaches its term. Repayment includes paying back the principal amount and the interest as a fee to the lender. It can be done through a monthly payment plan. A car loan can be secured or non-secured, depending on the situation of different borrowers. Most lenders do not hesitate in giving secured car loans, even if you have bad credit. The reason for this is that the vehicle you buy serves as collateral for the loan. This means that the lender can take possession of the vehicle if you fail to repay the loan. However, if you have bad credit, a car loan can be an opportunity for you. By taking a car loan and making regular monthly repayments, you can start improving your credit score. Here are the steps for securing a car loan. Know what you can afford Before you even consider buying a car, you should prepare a practical budget for the same.

A common error that most car buyers make is that they think about financing the vehicle purchase only during the buying process. You need to instead start thinking about your loan options as soon as you decide to buy a car. This will help you get the best financing deals available. Getting a car from an in-house financing car dealer can help you a great deal. Some of the advantages are: It’s easy A car dealer is a one-stop shop. You can apply for financing for your car right there without any hassles. This makes buying a car easy and quick. You will not need to spend any time visiting banks or credit unions. All you will need to do is fill out an application at your car dealer. The best advantage of in-house financing at dealerships is that you don’t have to pick up a check from your financial institution. The car dealer takes care of everything for you, leaving you stress-free. This saves your time and gets the work done quite quickly. Just one transaction Everything is bundled up into one transaction when you take the decision to make use of dealer-assisted financing. The purchase price of the car, your monthly payment, and the value of your trade are all packaged into one simple transaction.