Shopping for a New Car? Consider the Insurance Cost Before Buying

ByRobert B. Lawrence

Shopping for a new car may be fun and exciting but we all know the bottom line comes down to cost. Not just the price of the vehicle but also what it costs to insure it. The insurance premium you carry is an important factor but you should consider other findings when looking for a quote that might save you some money.

There are certain cars that are surprisingly expensive to insure. Back in the day, I would give the example of the Ford Escort and the Ford Explorer. The Escort cost more to insure which was surprising since the vehicle was about two-thirds of the cost.

The simple example that I would give is to picture an accident between and Escort and a tree while going 5 MPH. The Escort would have a LOT of damage from a minor collision. That same accident in the Explorer would result in a scratch on the bumper and a big "Oops!" from the driver. Nothing more.

There are many more factors that go into a rate, but that is a snapshot to explain why it isn't just the price of the vehicle.

Consider a package deal. Combining home owners, life and car insurance could save you a good deal. Discounts such as safety devices on the car (air bags, daytime running lights, passive alarm, VIN Etching), good credit rating, good student credit, safe driving courses and if the car is a hybrid/electric car. Try increasing your deductible or paying your policy in a lump sum to reduce the premium as well. Each of these can save you premium dollars.

Always shop and compare the insurance costs of vehicles. It's surprising to know the fact that a more expensive car may be cheaper to insure! Insurance companies estimate many things when determining the insurance rates for specific vehicles. Factors that affect the premium are: accidents by vehicle model, cost of repairs for each vehicle, claims for injuries and cost to insurers if the car is a total loss.

Typically, the safer the vehicle, the lower the cost is to insure that same vehicle. Drivers of a minivan are less likely to be in an accident as those who may drive a souped-up sports car. But the minivan cost for parts and labor may be more than the sports car. Every car has a different rating with the insurance companies.

The task may seem daunting but with the ease of shopping around, and taking the time to look into a car, may save you money even before you get to the car dealership!

Rob Lawrence provides insurance resources as a part of the insurance quote service at http://www.insurancelevel.com/auto-insurance.cfm

Click here to get "cheap car insurance quotes" that will provide you with a comparison on your insurance from top companies who are competing to earn your business.

Article Source:http://EzineArticles.com/?expert=Robert_B._Lawrence

Did you find this article helpful?00Get Involved0 commentsSuggest a topicArticle ToolsPrint this articleE-mail to a friendEzinePublisherReport this articleCite this articleStay InformedGet notified by email when new articles are added to this category or written by this author.Subscribe to New Article Alerts:

Insurance: Car-Auto
Robert B. Lawrence

Email Address:SubscribeCar Auto Article FeedFind More ArticlesSearchSimilar ArticlesHybrid Cars and Auto InsuranceAuto Insurance - 8 Ways To Lower Your Auto Insurance CostsAuto Insurance Guide to Risks and Premium Auto InsuranceHow to Buy a Car Your Auto Insurance Company Will LoveLow Cost Auto Insurance - How To Get The Cheapest Auto Insurance CoverRelax! When it Comes to Your Rental Car Your Auto Insurance Company Has You CoveredAuto Insurance Online Rates - How Accurate Are Auto Insurance Quotes and Rates Online?Ontario Auto Insurance Quote - Your Guide To Ontario Auto InsuranceComparing Auto Insurance - Tips on How to Compare Auto Insurance QuotesCar Insurance Online - Benefits of Applying for Auto Insurance OnlineRecent Articles17 Year Old Driver InsuranceEssential Things To Note Whenever You Make A Motor Insurance Coverage ClaimWhy Modern Automobile Makers Are Rediscovering ColorExamining How Your Credit Can Affect Your Insurance CoverageImportant Information About Car Accidents And Your Insurance CoverageHow to Change to a New Car Insurance CompanyCompetitive Performance and Modified Car InsuranceAuto Accidents - What to Do If You Hit a DeerEight Simple Ways to Reduce the Cost of Car Insurance for Young DriversTips For Making Best Choices For Insurance RenewalSubmitted On March 13, 2012. Viewed 2 times. Word count: 430.

MLA Style Citation:
Lawrence, Robert B.".".13 Mar. 2012EzineArticles.com.17 Mar. 2012 .APA Style Citation:
Lawrence, R. B. (2012, March 13). . Retrieved March 17, 2012, from http://ezinearticles.com/?Shopping-­for-­a-­New-­Car?-­Consider-­the-­Insurance-­Cost-­Before-­Buying&id=6938064Chicago Style Citation:
Lawrence, Robert B. "." EzineArticles.com. http://ezinearticles.com/?Shopping-­for-­a-­New-­Car?-­Consider-­the-­Insurance-­Cost-­Before-­Buying&id=6938064EzineArticles.com© 2012 EzineArticles.com
All Rights Reserved Worldwide

About UsFAQContact UsMember BenefitsPrivacy PolicyShopSite MapBlogTrainingVideo ArchiveAdvertisingAffiliatesCartoonsAuthorsSubmit ArticlesMembers LoginPremium MembershipExpert AuthorsEndorsementsEditorial GuidelinesTerms of ServicePublishersFollow UsTerms Of ServiceEzines / Email AlertsManage SubscriptionsEzineArticles RSS

View the Original article