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Are You In The Market For A New or Used Car?
It is a major decision to buy a new or used car for several reasons. First, you must consider your budget and decide if you can afford a new car payment. Second, you need to consider the safety of your car choices and decide which one is the safest to drive. You should also look at the gas mileage and maintenance requirements for said car choice. Third, you should test drive the car and become familiar with the way the car maneuvers around turns and road changes. And finally, you need to think about the potential insurance cost changes.
Even though all these decisions may seem daunting, they are actually easy to navigate. If you have not already, walk through your budget and make the changes necessary so you are able to afford a new car payment. While you are going through your budget, consider maintenance costs and gas allowance for the month. Look at consumer reports and studies to see how the car faired in safety tests or bring the vehicle to your mechanic to look over before you decide to make the purchase.
You know you can make these decisions but you may feel like you have no control over buying a car that will have affordable insurance rates. Insurance may seem like a much lengthier and harder process than your other considerations but it’s really just as easy. Here are a few ideas.
Theft rates affect insurance costs. Some vehicle models are more popular to car thieves while others are relatively ignored by them. As you look through your vehicle choices, look at auto theft statistics to see if any of the automobiles you are thinking about are popular amongst thieves. If so, it is possible auto insurance rates are likely to be higher because of this increased risk.
A car’s safety features can impact car insurance rates. Car safety features can help make your insurance cheaper, because they protect the car. This is a step that you are already doing to ensure your family’s safety, as well as help your insurance rates. The safety features in any vehicle you buy will help reduce your auto insurance costs since they will reduce the likelihood of an accident and an injury. Look for features like:
- Daytime running lights
- Lap and shoulder seat belts
- Anti-lock brakes
- Vehicle stability systems and traction controls
- Side and front airbags
- Pre-collision systems
Since things such as weight and the materials that create its body also impact safety ratings, it is also a good idea to check its crash test vehicle ratings before you buy it. The Insurance Institute for Highway Safety website has this information.
Purchase a used car report. If you are buying a used car, be sure to purchase a used car report such as a Kelley Blue Book. Some companies will provide vehicle history reports that contain valuable history information that can make or break your decision about purchasing a particular used vehicle. These history reports can tell you past accidents or major mechanical issues that you might not otherwise have known. While things you find out from the history might not change your auto insurance premium, it will make a difference to your wallet if it prevents you from buying a car with hidden (and potentially costly) future problems.
Do some comparison shopping and look for comparable models. Narrow down to your top choice for make of vehicle based on safety features and theft probability, but then do some comparisons across different models. Sometimes, you are able to find less expensive models with similar safety, theft ratings and even body styles. The price you pay for the car will allow you to have lower limits on your car insurance policy which will lower your car insurance premiums, as well as save you money on the car purchase itself.
And lastly, but most importantly, call your agent for quotes. Your agent is there to help you make this decision. Once you have decided which automobiles you are interested in, call your auto insurance agent and ask him or her to give you a quote for each of the vehicles on your list. While this quote is just a quote, not a for sure price, it is a great way to get an idea of the difference in premium costs for each vehicle you are considering.
As you make the decision to buy a car, whether new or used, do not rush. Take your time to make this major decision to ensure that it is the best decision. Rushing through these decisions can result in a high insurance premium that you can’t afford or can’t get out of—something that will take the fun out of buying that new vehicle. Take your time and talk to your auto insurance agent. The worst decision you can make is to fall in love with a car and buy it before doing all the needed examinations.
For more information on Webster NY Auto Insurance, or help making the decision in a new car, give Laurie C Pallini Agency a call at 585-310-4917.