Between the new car smell, sleek upholstery and paint job, there are many experiences and memories you can expect to make with a new car. That being said, a brand new car does come with responsibilities, just like any other vehicle. When it comes to insurance for your brand new auto, you’ll want the best coverage available.
Shopping Around with Different Companies
As you compare different auto insurance packages and research insurance companies, you’ll see that some agencies are better equipped to insure certain vehicles than others. Just like people have opinions about cars, insurance companies are no different, only their opinions are based on statistical evidence. This includes how often your make and model breaks down, is involved in a traffic collision, or is stolen. Before a company is willing to insure you, they need to be positive that you (and your car) are not a liability risk. Your risk factor will determine the cost of your monthly premiums. Comparing car insurance quotes could help you sort out the bad coverage options from the good.
Taking Your Time
Some people absolutely dread doing anything that deals with numbers and finances. However, it only makes sense that you take your time when evaluating all of your potential risks, options, and costs for a specific quote. In other words, even if it takes you two hours to thoroughly complete your car insurance quoting comparisons, it’s well worth it if it means getting a fair deal. Your time is valuable however, so if you’re looking for a new auto insurance plan, make sure you’re protecting yourself. If you have to, pick up the phone and the old-fashioned way to see what individual insurance companies can offer you. However, it’s recommended you have some quotes to use as bargaining ammo. It could pay major dividends finding out just how bad a particular insurer wants your business.
Comparing New Car Options
Another thing to remember is that new cars also come with insurance options that don’t cover older vehicles. These options include new vehicle replacement should your vehicle be damaged or stolen. It’s one of the top perks of owning a new vehicle and it’s available under different coverage types. Though keep in mind, this option’s availability is dependent upon the specific insurance company you wish to work with. With this option, if you do have the new car replacement option and you get into an accident within the first few months of owning your new car, then your insurance company will buy you a new car to replace the one that was declared totaled by your insurance adjustor. That is a great perk (among many others available) that you can only receive with new cars under certain auto insurance packages.
When you’re shopping for a new car remember that there are more than enough ways to get ahead. Obviously a new vehicle means having to pay more money. However, you can minimize the increases you’re going to pay through continuing to shop around for new car insurance quotes that will both cost less and give you better overall coverage in the process. You have to remember that you don’t have to break the bank in order to drive around a new car. And, as long as you do your planning and quoting before you take that new car for its first spin around the neighborhood, you might even be lucky enough to pay the same amount (or less) than you were before. It’s all about finding the right company to protect you.
This is a great post. When my sister bought a new car, she didn’t really take into consideration how she was going to pay for car insurance. She bought the new car first before getting a quote for a car insurance. What she ended paying? A ton of money for insurance because the car is so expensive that the car insurance is staggeringly high as well.
Of course being the good brother I am, I told her that she should have asked for a car insurance quote. Had I known that she was buying a new car or a car at all, I might have discussed her about the things that she needs to consider.