genious2010
New Member
You put a lot of time and effort into searching for the best price when shopping for a new car, but if cost is a concern, it is equally important to consider the cost of car insurance for your new purchase. Different vehicle types will cost less to insure than others. There are five categories to consider in determining the lowest cost: sticker price, repair costs, safety features, low vs. high profile of vehicle, and specific features of the vehicle.
The more expensive a car costs, the more expensive it is for your insurance company to replace or repair it. This applies to cars on a new car lot, as well as used cars. You may calculate that you can afford the higher sticker price, but you must take into consideration the increase in car insurance rates to truly determine your budget. There are many quality used cars available that can be taken into consideration, as well.
Less obvious than sticker price, some vehicle types and car models have higher repair costs than others, and will carry higher car insurance rates.
The safety features of a car have a great impact on car insurance costs. Some of the biggest safety discounts are for anti-lock brakes, automatic seat belts and airbags. In some states, it is mandated that car insurance is discounted for vehicles with specific safety features, in order to promote the purchase of safe vehicle types. Certain cars have overall better safety records than others, and will be less expensive to insure.
A “high profile” car is a car that is one of the vehicle types that is most commonly sought after by car thieves. For whatever reason, some cars are considered more valuable than others to steal. You can find which cars fall into the high profile category through crime databases and local reporting.
The specific features of a car can affect the insurance cost, as well. For example, some features that are less expensive to insure are four door cars and four cylinder motors. In general, minivans require less insurance coverage, and domestic cars are less expensive to insure than foreign models.
There are many options to consider in purchasing a new car. The reality is, although one car may seem to be a better deal, it is crucial to take car insurance cost into consideration when choosing between vehicle types to calculate the overall cost of the vehicle. Remember to factor in and compare sticker price, repair costs, and car features, and to find a safe, low-profile vehicle to really get the best deal.
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The more expensive a car costs, the more expensive it is for your insurance company to replace or repair it. This applies to cars on a new car lot, as well as used cars. You may calculate that you can afford the higher sticker price, but you must take into consideration the increase in car insurance rates to truly determine your budget. There are many quality used cars available that can be taken into consideration, as well.
Less obvious than sticker price, some vehicle types and car models have higher repair costs than others, and will carry higher car insurance rates.
The safety features of a car have a great impact on car insurance costs. Some of the biggest safety discounts are for anti-lock brakes, automatic seat belts and airbags. In some states, it is mandated that car insurance is discounted for vehicles with specific safety features, in order to promote the purchase of safe vehicle types. Certain cars have overall better safety records than others, and will be less expensive to insure.
A “high profile” car is a car that is one of the vehicle types that is most commonly sought after by car thieves. For whatever reason, some cars are considered more valuable than others to steal. You can find which cars fall into the high profile category through crime databases and local reporting.
The specific features of a car can affect the insurance cost, as well. For example, some features that are less expensive to insure are four door cars and four cylinder motors. In general, minivans require less insurance coverage, and domestic cars are less expensive to insure than foreign models.
There are many options to consider in purchasing a new car. The reality is, although one car may seem to be a better deal, it is crucial to take car insurance cost into consideration when choosing between vehicle types to calculate the overall cost of the vehicle. Remember to factor in and compare sticker price, repair costs, and car features, and to find a safe, low-profile vehicle to really get the best deal.
Share and Enjoy:
