New car insurance rate sticker shock can make your head spin. Despite the fact that new car prices have flatten or even gone down in many cases, especially the SUV’s and other gas guzzlers, the cost of auto insurance for new cars continues to rise.
That’s not a major surprise simply because the cost to cover the insure for medical cost for example has gone through the roof and gets more expensive everyday. Auto insurance repair cost has also gone up, for instance auto parts as well as the labor it cost to repair your car in case of a fender bender. If you have one of the many cars thieves love, expect to pay more for auto insurance theft protection.
That’s why you should shop aggressively but carefully for the best new car rate you can find. The auto insurance companies you get estimates from are not all created equal when it comes to insuring new cars. You’ll find some cost less, but offer little service. Others charge a little more but offer more service.
Here’s the top 3 things to currently consider before buying a new car.
1. Consider Your Needs.
What you must first determine before shopping for the car insurance that’s best for you is to determine your needs. For example your budget, how large of a deductible are you willing to carry.
2. Higher Auto Deductible equals Higher Savings.
Remember one of the quickest ways to a lower auto insurance rate is to simply carry a larger deductible. For example, carrying a $500 deductible instead of a $250 can save you hundreds of dollars a year off your auto insurance premium.
3. Consider Car Insurance Safety Record.
Estimate car insurance by the type of car you want to buy. High performance, luxury, economy, etc. Research the many car rating services online to find out about the cheapest cars to insure. It’s also a good idea to research the many insurance auto rating sites as well as auto insurance safety websites to see your cars safety record.
If you follow these simple suggestions, you be well on your way to having a better experience when you drive that car off the lot. You avoid the surprise of landing a good deal on that car – but have the new car insurance rate sticker shock like many others.
