Gap insurance, or Guaranteed Asset Protection insurance, is a valuable add-on to your auto insurance policy designed to cover the difference between your vehicle’s actual cash value (ACV) and the outstanding balance on your auto loan or lease. This type of insurance becomes crucial if your car is totaled or stolen around Buena Vista, VA. Gap insurance is generally affordable and can be purchased through your auto insurance provider or car dealership.

How Gap Insurance Functions

When you purchase or lease a vehicle, it depreciates in value as soon as you drive it off the lot. This depreciation can outpace your loan or lease balance reduction, especially in the early years. In the event of a total loss, standard auto insurance typically pays out based on the vehicle’s current market value, not the amount you owe. You are responsible for covering the difference if this payout is less than what you owe. Gap insurance covers this "gap," ensuring you are not left with an unexpected financial burden.

For instance, if your car’s ACV is $18,000, but you still owe $22,000 on your loan, gap insurance would cover the $4,000 difference between these amounts.

Benefits of Gap Insurance

The main advantage of gap insurance is the financial protection it provides. Without it, you could face significant out-of-pocket expenses if your vehicle is declared a total loss. This type of insurance is particularly useful for those who have made a small down payment or who have financed a new car, as the depreciation during the initial period can be substantial.

Stonewall Grace Insurance For Better Understanding of Insurance

Stonewall Grace Insurance offers all of the information you need to get insurance. Our agency serves the locations in and near Buena Vista, VA. Call today.

How Changing Life Circumstances Affect Your Auto Insurance

Here at Stonewall Grace Insurance, we recommend conducting an annual review of your auto insurance policy. This strategy not only helps to maintain your awareness of how changes in life circumstances impact your coverage but also provides an opportunity to determine if you need to add teen drivers to your auto insurance or if a move to a neighborhood with differing crime rates has occurred. Meet with our knowledgeable agents in Buena Vista, CA every year to better understand how these changes affect your monthly premium & coverage. We’re here to facilitate any necessary changes.

Impact of Your Parking and Driving Habits

Relocating to a city environment may increase your rates while moving to the suburbs could provide savings. The location where you park your car, both during the day and at night, impacts your premiums. During your annual meet-up, inform your agent about recent changes, such as a new job or home. We’re here to help determine the potential impacts on your insurance and brainstorm ways to minimize risks.

Reducing Mileage Can Lead to Lower Premiums

Is your work commute more than 20 miles daily? If so, reducing this journey can lower your risk of accidents. Opting for public transportation can offer multiple benefits, including saving time and parking expenses. It can also lower your car’s mileage, thereby extending its useful life, reducing the inherent risks of being on the road, and potentially leading to lower insurance premiums.

Safe and High-Performing Teen Drivers on Your Policy

Have your teen drivers improved their grades recently? Do they practice safe driving? These milestones signal your teen driver’s maturity. While sharing these achievements with friends and family is common, don’t forget to inform your insurance agent as well. Many insurers offer discounts for such circumstances, implying that your teen is less likely to be involved in an accident.

Schedule Your Annual Auto Insurance Review with Stonewall Grace Insurance

Let us help you keep your auto insurance policy up to date with life’s ever-changing situations. Contact Stonewall Grace Insurance in Buena Vista, VA, to schedule your annual auto insurance review today!

Motorists in Buena Vista, VA can get auto insurance from Stonewall Grace Insurance. Let us help you insure your vehicle so that you can enjoy peace of mind behind the wheel. 

The following are four of the most important things to remember when you buy auto insurance. 

There are numerous types of auto insurance to be aware of.

Motorists should know what the different types of auto insurance are. Liability, comprehensive, collision, and uninsured/underinsured motorist coverage are a few types of coverage to be aware of. You need to decide which of these types of coverage you want your policy to include. 

Policyholders need to pay deductibles on collision and comprehensive coverage.

The deductible on your policy is an important consideration. You’ll need to pay your deductible amount in full because you can get collision and comprehensive coverage expenses covered. That’s why you need to ensure your deductible is low enough to pay out of pocket. 

Many additional types of coverage can be included in an auto insurance policy. 

Other add-on coverage options include roadside assistance and rental vehicle coverage. You should consider adding these coverage types to your policy to make life more convenient if you get into an accident. 

Motorists should put proof of insurance in their glove compartment after buying a policy. 

Once you’ve bought a policy, please print your insurance card and put it in your glove compartment. If you get pulled over, law enforcement officers will want to see this card. 

Stonewall Grace Insurance is an auto insurance company in Buena Vista, VA. If you’re looking for coverage that meets your needs, call us for an auto insurance quote today and enjoy peace of mind on the roads!

At Stonewall Grace Insurance, we are pleased to offer auto insurance policies to greater Buena Vista, VA residents. However, we have found that many people are confused about adding a new car to an existing auto insurance policy and what the rules are regarding this. As such, we want to help answer any questions you may have. 

Can I Add a New Car to My Existing Auto Insurance Policy? 

You can add a new car to your existing auto insurance policy. An auto insurance policy will allow you to add or remove cars, and the price may be adjusted when you do so. 

What If I Buy the Car After the Insurance Company Is Closed For the Evening? 

Many auto insurance companies have a grace period for adding new cars. This means that your new vehicle is covered, even if it is not yet on your policy, as long as you are within the grace period, your insurance company covers it. 

How Long Do I Have to Add a New Car to My Existing Auto Insurance Policy? 

Most insurance companies give you two to four weeks to add a new vehicle to your existing auto insurance policy. Check the wording on your policy to find out how long you may have. 

If you already have auto insurance, your auto insurance policy likely covers a brand-new vehicle for a brief period. After that time, you either have to add the car to your policy or obtain a new auto insurance policy for the vehicle. The team at Stonewall Grace Insurance, helping residents in the Buena Vista, VA area, would love to help you with this. Reach out to us today to learn more.

One of the most common infractions for any driver in Buena Vista, VA is a speeding ticket. Every year, more than 300,000 speeding tickets are issued in Virginia alone. It’s important to consider how speeding affects your auto insurance. At Stonewall Grace Insurance, we’ve broken down important factors to keep in mind.

Speeding Tickets In Virginia

Keep in mind that car insurance companies view speeding as a high-risk behavior. A single speeding ticket could lead to an increase in your car insurance rates. The average speeding ticket in Virginia will result in roughly a 23 % increase in your car insurance rates.

However, the effect of a speeding ticket on your car insurance rates will vary depending on the state in which you live. For example, the average speeding ticket in Virginia is determined by how much over the limit you were going. Since speeding is considered wreckless and dangerous to other drivers, the fine only gets more significant for increased velocity. You also need to consider demerit points that could be added to your record for speeding tickets.

Avoiding Increased Insurance Rates

The best way to keep your policy affordable and avoid the risk of losing driving privileges is by obeying the law. Practice defensive driving habits such as always using your turn signal, not following other cars too closely, and staying within the speed limit. If you find yourself with a speeding ticket, discuss it with your local Buena Vista, VA car insurance agent.

At Stonewall Grace Insurance, we understand how important it is to have the right auto insurance coverage. If you have any questions about your policy or you’ve gotten a speeding ticket, we can help. Feel free to contact us with any questions you have.

Even after being vigilant on the road, unexpected eventualities may crop up, culminating in heavy losses in terms of injuries and property damage. Being one of your most vital assets, your car requires a formidable shield to protect your wallet when accidents happen. So, if looking for a formidable car insurance plan in Buena Vista, CA, don’t look beyond Stonewell Grace Insurance. Here are the areas where car insurance will provide coverage:

Asset protection

What happens when your car is damaged beyond repair after an accident? Are you ready to part with vast sums of money to repair or restore your vehicle? If not, buying comprehensive coverage restores or repairs your car if it is physically damaged from non-collision events like hail, theft, and vandalism. Likewise, collision coverage repairs or replaces your vehicle if it’s damaged after colliding with another car or stationary objects.

Safeguarding yourself and others

Prolific auto insurance from Stonewall Grace Insurance safeguards your family members, other drivers, and passengers. If an accident transpires, you are guaranteed that any culminating costs from injuries or property damage will be catered for.

It’s a legal requirement.

Numerous states, including Virginia, mandate all drivers to have prescribed minimum requirements to operate their automobiles legally on the road. The mandated required provisions comprise bodily injury and property damage liability coverages.

Protection from lawsuits

Lawsuits can sometimes compromise your hard-earned assets like a house or car. Today, we thrive in a litigious society, and you may get slapped with a lawsuit attracting insurmountable financial difficulties. The right auto insurance will salvage you from claims made against you after an accident, including legal representation fees.

Buy car insurance today!

Are you in need of solidified auto insurance in Buena Vista, VA? If yes, don’t hesitate to get in touch with our agents at Stonewall Grace Insurance for a competitive quote.

In the state of Virginia, it is illegal to drive without proper auto insurance. Everyone on the road should be covered in the event of an accident. The agents at Stonewall Grace insurance can help car owners in the Buena Vista, VA area to ensure that they are fully covered to drive safely in Virginia. It’s crucial to make an informed decision on which policy is best for you, and that’s why relying on a quality insurance agency is key to protecting yourself on the road.

Coverage on an auto policy will vary from person to person and depends on several other factors, like your assets, dependents, and more. Driving, while a very common mode of transportation, can be dangerous and you’ll want to be fully covered in the event that something unfortunate happens. Remember that you can only control your own decisions and actions behind the wheel, and you can’t control others.

This is particularly true if you’re married, have teen drivers, or have other dependents. Protecting all the dependents in your life, not just yourself is another great reason to invest in quality auto insurance with a responsible, trustworthy agency.

Get the Required Auto Insurance

All car owners should have insurance. It’s as simple as that. If you are shopping around, looking for additional coverage, or simply want more information on your policy, contact the experts at Stonewall Grace Insurance in Buena Vista, VA. We are happy to help all drivers and their families get properly insured. Our team brings over 20 years of experience in the insurance sector, and we’re here to help residents in the Buena Vista area get set up with an auto insurance policy that will make them feel safe every day. 

Stonewall Grace Insurance understands that car owners in Buena Vista, VA, have been getting confused about who is covered in their insurance policy. Whether the insurance company follows the car or the driver has been a major issue of discussion. Without a detailed understanding of the auto insurance policy, it is worth noting that this issue has been confusing.

If you drive someone’s vehicle, your coverage depends on whether you have consent from the owner. That is why you need to understand permissive and non-permissive use. 

Permissive Use

Most of the auto insurance companies will cover the driver who is listed on the insurance policy. However, in the last few years, some insurance companies have expanded this policy to cover drivers allowed to drive the car by the owner.

Therefore, if you’re driving someone’s car with their permission, you will be covered by the auto insurance policy. However, it is essential to understand that some insurance companies may provide reduced coverage. 

Non-Permissive Use

When driving someone’s car, you need to understand the policy of non-permissive use. If you take the car without the owner’s consent, the auto insurance company will not cover any personal injuries or associated liabilities.

The same is treated as an incident where a thief steals the car and ends up colliding with other motorists and damaging properties. The car owner is not held liable. However, the owner of the car has the right to claim the damages to his car to cover for the vehicle repairs.

At Stonewall Grace Insurance, we’ve been dealing with the issue of permissive and non-permissive use in recent times. If you live in Buena Vista, VA, you can visit our offices if you have experienced such a scenario. As highlighted above, our insurance experts will take you through the process of permissive and non-permissive use and give you a reliable solution.

Virginia has its own state laws that determine how much auto insurance Virginia drivers have to have to drive legally. Vehicles in Virginia have many different types of coverage that are mandatory. If you aren’t sure that you have enough auto insurance, contact us at Stonewall Grace Insurance in Buena Vista, VA to speak with an agent about your insurance coverage. 

Bodily Injury

Bodily injury coverage is a type of coverage that pays for the medical bills of those who are injured in an accident. In Virginia, there is a minimum amount of bodily injury coverage that vehicles must have for a person who is injured. Then, there is another minimum amount required for all people who become injured. There is also an amount required for the bodily injury caused to uninsured motorists. This includes a required minimum for one person injured and another for all of the injuries that are caused during the accident. 

Property Damage

In addition to paying for injuries, your auto insurance must also pay for damage that is done to someone else’s vehicle. There is a required minimum amount of liability coverage for property damage. This does not cover your own vehicle, however. This type of insurance is required by law, but you can get optional coverage that will also protect your vehicle. Collision insurance is the type you need to cover repairs on your own vehicle. Comprehensive insurance is another optional type that can protect your vehicle from a number of potential dangers. 

Get Your Required Auto Insurance

If you don’t have all of the required types of coverage, or you want to add optional coverage types, contact us at Stonewall Grace Insurance in Buena Vista, VA to find out more about auto insurance.

Car insurance is a must-have for all drivers. It is illegal to drive a car without proper insurance in the state of Virginia. However, it may be not easy to pick the right policy especially if it is your first car and you have never done it before. In order to help you make the right choice and an informed decision, here is the list of few tips prepared by Stonewall Grace Insurance serving clients in Buena Vista, VA. 

Choose the right deductible

Having a higher deductible will reduce the cost of your insurance but you will have to pay more out of pocket in the case of an accident. If you have a good driving record and you have not been involved in an accident, then it is better to pick a lower deductible, which means a higher premium. 

Compare rates from different insurance companies

Instead of buying the first insurance policy that you have found, take your time and shop around. Talk to at least three different insurance companies to figure out what they offer. Since every insurance company is different and may have a different method of determining rates, you may find a really good deal. 

Decide how much coverage you need

How much coverage you need depends on many factors, including your assets, how much out-of-pocket cost you can afford, how much you owe and own, whether you have dependents, and some others. 

If you are looking for auto insurance in Virginia and you need a trustworthy insurance agency, Stonewall Grace Insurance serving Buena Vista VA is your perfect choice.  The company has over 20 years of combined experience and provides any type of insurance service, including auto insurance. If you need help to choose an auto insurance policy that will address your needs, do not hesitate to give us a call and talk to one of our agents. ,