(Posted on Sep 3, 2018 at 04:20AM by Patrick Wensink)
Dear Patrick,
I’m getting ready to buy a car without my parents’ help for the first time. It’s a pre-owned Nissan Altima. I’ve also never bought my own insurance, and I am confused. What won’t it cover?
-Daniel
Hey Daniel,
Welcome to the world of car ownership! This is a memorable moment in your life. I’m happy to help.
First and foremost, auto coverage is required by every state in America. It is not only a necessity, but it’s also a great way to get your sweet new ride fixed in case of an accident. Many insurances handle the cost of repairs in a fender bender. However, they won’t foot the bill for everything.
For example, a trip to the mechanic for a tune-up is considered general wear and tear. That type of service will not be part of your policy. Same goes for buying a fresh set of tires. Treads are among the usual upkeep expected of owners, even if it’s a safety decision. However, this doesn’t mean you are out in the cold. If you purchase a new car down the road, you will find many warranties do cover things like batteries and wheels. Keep your eyes open for such deals.