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Receiving auto insurance quotes before deciding on a car is prudent, especially if your monthly budget is a factor.
NOTE: Private automobile insurance has undergone a significant market modification beginning late 2022 early 2023. Rate increases up to 40% are common. Insurance providers have become uncompromising in their requirements for anti-theft devices, occasionally compelling clients to install redundant devices.
This shift has convinced many to seek shelter from these increases and demands in the premium lease contracts, where the insurance is provided by the lease company not traditional insurance carriers.
These policies by default provide clients with GAP insurance, global
driver coverage, and affordable new and young driver coverage.
If you are purchasing a vehicle or leasing and prefer to use a traditional insuace carrier, consider this. When you buy direct from the insurance company your premiums will likely be cheaper than with an agent, but there is a big trade off, service.
Hopefully you will never need to make a claim but if you do, persons using agents receive on average 20% more on their settlements than those who purchased coverage direct.
Agents give personal service after hours, and better service during work hours, since their call duration's are not monitored by a management team.
It is our recommendation that you consider using an agency even if the premiums are a bit higher, it will pay off if you ever need them.
Complete the basic form below to get an estimate of what you will need to budget monthly for auto insurance, and use this info to complete your financial planning of the car purchase.
You are going to be so much more prepared to make good financial decisions than most people by following this simple step.
Notice: Worksheet for operating a motor vehicle in Israel ONLY!