Adulting 101 – Your First Insurance Policies

Whether you’re moving into your own place, buying a new car or adopting your first pet, many milestones mark achievements in your young adult life, and you want to protect what’s important along the way. But don’t worry — you don’t have to make complicated insurance decisions alone. When it comes to your health, home, car and furry friends, We Insure has your back.

Health Insurance

In the U.S., health coverage on your parents’ health plan ends when you turn 26. Fortunately, the Affordable Care Act (ACA) “special enrollment period” gives you some time to find the best plan for your situation. Similarly, gap insurance is available for the period before employer coverage kicks in. If you don’t have access to health insurance through your job, there are many options — whether through private insurers or the ACA marketplace. We Insure can help you obtain health insurance — and even drug savings plans to lower the cost of medications.

Car Insurance

Are you about to buy your first ride? As you budget for this big-ticket item, consider costs beyond the sticker price — such as what you’ll have to pay for insurance coverage. The good news about car insurance is your premiums tend to go down as you gain (safe) driving experience. But it’s important to shop around for the best price, especially when you’re just starting out and on a tight budget. Rates can vary by the make, model and year of your car as well as your driving record. Commuting distance and frequency can also play a role. We Insure can help you with comprehensive, collision, personal injury protection (PIP) and other options. A policy that includes roadside assistance can be invaluable if you’ve moved away from home and no longer live close to family or friends who could help out if your car breaks down.

Renters Insurance

Just rented your first apartment? That’s awesome! You get to trick out your new digs however you want and entertain friends in your space. But renters face many of the same risks as homeowners. Renters insurance can help replace lost or damaged belongings in a rental property due to an insured event — and sometimes even items stolen from your car. A renters policy also can cover injuries that occur at your place and even legal fees if you face a lawsuit or the cost of temporary lodging if a leak or other incident leaves your rental temporarily uninhabitable.

Pet Insurance

Does your roommate have four legs and a tail? Hopefully this means you have a pet. And if you do, we know you want to keep your furry friend healthy and happy. But unforeseen illnesses and injuries unfortunately do occur, and unexpected vet bills can take a toll on your savings — especially when you’re just starting out on your own. It’s wise to plan ahead and protect your pets with an affordable pet insurance policy.

Next Steps

There’s so much to consider as you transition to young adulthood. Your health, home, car and pets are important components of your life that deserve protection. We Insure is a one-stop shop with answers to your insurance questions. We offer plans from a multitude of different carriers and will even do the comparison shopping for you to help you save money. Our agents want to make sure you get the best deal — and the insurance you need — as you begin this exciting new chapter of your life. Call your local We Insure agency today to speak with a friendly and knowledgeable insurance specialist who will be happy to help you.