Should car insurance impact your buying decisions when car shopping? Are there ways to save money on new car insurance? If you've just purchased a vehicle, or are looking for one, keep the following in mind.
What you pay for auto insurance depends on many factors, such as your age, driving record, the miles you drive annually, where you live, coverages, deductibles and more - including the type of vehicle you drive.
The type of vehicle affects your premium because insurers will look at the car's:
Cost of parts and labor for repair
Likelihood of theft, and more.
For example, it may cost you more to insure a frequently-stolen model of car than one that costs a little more, but is cheaper to repair and doesn't make the frequently-stolen list. Also, statistics have been gathered on injuries related to types of cars and this information is considered as well.
Another thing to consider is that many companies provide discounts for safety and anti-theft features such as air bags, anti-lock brakes and alarm systems. A lot of these features are standard on new cars, but may not be available if you are looking at older, used vehicles.
The thing to do is to get an idea of insurance costs once you've found a couple of cars you're interested in. This is pretty easy. You can call your current company or agent for a quote, and then get a couple of more for comparison. The reason you want to get more than one quote is that rates for the same type of car can vary from one company to the next, and you may be able to get a better deal than with your current insurer.
A quick way to do this is to go online to an insurance comparison site. These sites don't represent a single company. You complete one online form and receive several different quotes back from companies and agents in your area.
Having this information can help you decide which car you want to buy.
Compare car insurance quotes
Writer Justin Scott recommends the comparison site LowerYourInsurance.com for up to 5 free auto insurance quotes, plus more information about saving on new car insurance. The site also includes a car insurance comparison worksheet.