Car Insurance Quote Time: Buying a Car
Are you buying a car? Then it is time to get a car insurance quote so your new investment will be protected. Did you know that the type of car you buy directly influences your car insurance rates? That is why buying a car is the perfect time to get multiple car insurance quotes.
But you need to look for more than just a good car insurance quote when deciding what type of car you buy. Consider the following factors when choosing your new car.
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Car Insurance Quotes: Research Before You Buy
Most people don't walk up to the first car on the lot and yell "I'll take this one!" Buying a car is a strenuous process, and you want to make sure you know what you're getting. Just like researching the car you buy, it is important to research the car insurance rate for that vehicle. Use InsuranceRates.com so you can easily compare multiple car insurance rates from various companies.
Types of Cars and Car Insurance Quotes
The type of car you decide on has a direct impact on your car insurance quotes.
- SUVs - SUVs do not have to meet federal safety standards on bumpers and therefore can cause a lot of damage even in relatively small crashes, making them more costly to insure. Also, large SUVs are more prone to rollovers, adding to car insurance costs. Each of these factors contributes to the additional 10-20% that SUV owners pay on average for auto insurance.
- Hybrids - Going green and buying a hybrid car can actually save you some green when you get a car insurance quote. Some car insurance companies offer hybrid car discounts because on average hybrid drivers tend to drive fewer miles (since they are seen to be more ecologically conscious). Fewer miles equal fewer accidents and therefore a better car insurance quote. Some hybrid owners can get up to 10% off their car insurance costs.
- Luxury Vehicles - Owning a fancy car can be a life's dream, but will that dream equal more dollar signs after an accident? More expensive cars mean more expensive parts to replace and more expensive repairs. So it goes without saying that if you buy a luxury vehicle, shop around for multiple car insurance quotes or be prepared to pay a higher car insurance rate.
Leasing vs. Buying: Different Car Insurance Quotes for Each
If you decided to lease or finance your car, you'll have different car insurance requirements. You will most likely be required to get collision coverage, which covers damage to the car from an accident with another car, and comprehensive insurance, which covers losses from other things like fires or hitting a deer. If you finance your car, you may want to ask your carrier about gap insurance, along with the collision and comprehensive. Gap coverage will pay back the financer in case your new car is totaled before it is completely paid off. Get a car insurance quote for the car you plan to finance and see how much those optional coverages will cost.
Keep these factors in mind when researching your next car, and don't forget to get car insurance quotes here at InsuranceRates.com.
