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.

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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
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A Few Things To Consider When Looking For Vehicle Coverage

ByJimmy Webster

When it comes to insuring your vehicles, price is probably something that is important to you. In fact, the least expensive coverage people can get, while still being legal in their state, is often what drivers choose. That being said, it might be worth a little extra time to check out the higher priced policies and compare the amount of coverage they offer.

There are many websites online that will allow you to enter your zip code and compare companies right from your computer. This is probably the easiest way to go about finding the least expensive policies. Getting your car covered can be a costly endeavor, so if you want to save the most money, it is important to do your research and compare as many companies/policies as you can.

There are certain things insurers will give discounts for. A few of these things, include a stellar driving record, and good grades in school, (for teenagers and young adults). The kind of vehicle you are having insured can make a difference as well. A car that is falling apart and barely passes inspection might end up costing quite a bit. On the other hand, nice cars that are prone to attract thieves can be high as well.

If you plan on having a high-powered, high-maintenance car insured, you can probably expect to pay a bit more coverage than you would for a family vehicle. However, if you own a classic car and you do not drive it in public often, it is possible to find an inexpensive policy through certain companies. Many people who own show-cars, are given special deals because their vehicles do not do a lot of driving.

Having some sort of coverage is required in every state. It is not only the law, it will also help protect you from potential financial trouble in the future. Insurers do not want their clients getting in accidents; they lose money that way. This is one of the reasons having a good driving record could save you quite a bit.

Some people believe it is not fair to have to have their vehicles insured. However, if you ever do get in an accident, you will probably be glad you're covered. Whether you have the least amount of protection available or you are completely safeguarded, you may be thankful, after an accident, to only have to pay a deductible.

You can get answers to your ins questions and tips on how to find the cheapest insurance company online, right now.

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Insurance: Car-Auto
Jimmy Webster

Email Address:SubscribeCar Auto Article FeedFind More ArticlesSearchSimilar ArticlesHow to Find the Cheapest Insurance CompanyAre You Serious About Identifying Which the Cheapest Insurance Companies Are?How to Find the Cheapest Insurance CompaniesHow To Find The Cheapest Insurance Company AvailableImportant Considerations When Looking For the Cheapest Insurance CompanyFinding the Cheapest Insurance CompanyThe Best Car Insurance Companies OnlineQuality Home Insurance Deal - How to Get an Easy and Fast Policy From Home Insurance CompaniesFinding Cheapest Car Insurance by ComparingWhat is the Cheapest Auto Insurance?Recent ArticlesFacts Your Insurance Company Might Not Tell You AboutLearn How Teenagers Can Get Affordable Automobile InsuranceCan High Risk Drivers Get Affordable Insurance?Car Insurance Tips For The Modern DriverCar Insurance Quotes Come To FruitionHow to Get the Best Car InsuranceAcquiring a Car Insurance Quote Should Be an Informed ProcedureSomething About Automobile Collisions and Car InsuranceWhy You Can't Find Cheap Car InsuranceFactors That Affect Insurance PremiumsSubmitted On February 25, 2012. Viewed 1 time. Word count: 400.

MLA Style Citation:
Webster, Jimmy".".25 Feb. 2012EzineArticles.com.28 Feb. 2012 .APA Style Citation:
Webster, J. (2012, February 25). . Retrieved February 28, 2012, from http://ezinearticles.com/?A-­Few-­Things-­To-­Consider-­When-­Looking-­For-­Vehicle-­Coverage&id=6904023Chicago Style Citation:
Webster, Jimmy "." EzineArticles.com. http://ezinearticles.com/?A-­Few-­Things-­To-­Consider-­When-­Looking-­For-­Vehicle-­Coverage&id=6904023EzineArticles.com© 2012 EzineArticles.com
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Things To Consider Before Buying Car Insurance

ByGagan Avi Modi

Car insurance is one of the vital legal aspects while purchasing car. There is no dearth of insurance companies that offer you an array of car insurance plans. One needs to be extremely cautious while buying a car insurance policy because it will determine the extent of cover in case of any mishap that damages the car or the driver. Here are few things that you must consider before buying car insurance.

1. Understand your cover requirement: It is important that you know what kind of cover you are looking for. You must also know the minimum cover requirement as per the state laws. You can find this information on various insurance aggregator sites.

2. Indulge in mystery shopping: Do not buy your car insurance from the first company that you walk into. It is recommended that you mystery shop for quotes with different companies. You must compare the quotes along with features provided by each policy before short listing the prospective insurance service provider.

3. Background check: It is recommended that you read and understand market standing of your prospective insurance company. One can visit various review forums and consumer forums to get a first hand feedback about the company's financial standing and their service patterns.

4. Insurer's declared value: Your insurance cover majorly depends on the IDV or insurer's declared value. This value is determined by your insurance company. It is recommended that you research and understand the parameters that impact the IDV.

5. Know your policy: It is important that you understand the nuances of your car insurance policy. It is best to clarify all your doubts before you sign the documents.

6. Read the fine print: Consumers often tend to ignore the fine print. It is crucial that you read the fine print carefully. Most of the disclaimers are in fine print so don't miss out on them.

7. Know the claim calculations: You must check with your agent about the claim calculation process. Claims are generally paid on depreciated value of the vehicle hence it is important to check what are standard depreciation slabs as per the law. Several companies may also offer 'no depreciation policy' on extra premium; look out for such offers to be on the safer side.

These simple things will not only help you in buying an apt insurance cover but will also extend the correct cover in event of physical damage or injury.

Mycarhelpline.com is an online market place in getting best deals to buy and sell cars. Also, provides exchange medium to Sell Used Car in India.

Article Source:http://EzineArticles.com/?expert=Gagan_Avi_Modi

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Insurance: Car-Auto
Gagan Avi Modi

Email Address:SubscribeCar Auto Article FeedFind More ArticlesSearchSimilar ArticlesCheaper Car Insurance - Buying Car Insurance Online Will Save You Time and MoneySafer Cars Can Also Be Greener and Cheaper Cars To Buy, Drive, and InsureBuy Car Insurance - How to Buy Car Insurance Online Using a Comparison Quotes WebsiteBuying Car Insurance Without Losing Your ShirtHow To Buy Car InsuranceThe Type of Car You Have Can Make a Big Difference When You Buy Car InsuranceTips to Buy Car Insurance TodayWhy Should You Buy Car Insurance From the Internet?Where is the Best Place to Buy Cheap Auto Insurance?Simple Ways to Buy Car Insurance OnlineRecent ArticlesExploring The Reasons You Need Enough Insurance CoverageHow Staying With One Insurance Company Can Save MoneyThe Cheapest Insurance Coverage For Your Business VehiclesHow To Find The Least Expensive Vehicle CoverageAuto Insurance Policies - Different Types of Automobile Indemnity CoversAuto Insurance Policies For Amateur DriversAuto Insurance Policies - Some Basic Points To Remember While You PurchaseInsurance Shopping StudyWhat Is the Insurance Price Tag on a Bad Driving Record?Car Insurance MythsSubmitted On February 20, 2012. Viewed 1 time. Word count: 403.

MLA Style Citation:
Modi, Gagan A.".".20 Feb. 2012EzineArticles.com.22 Feb. 2012 .APA Style Citation:
Modi, G. A. (2012, February 20). . Retrieved February 22, 2012, from http://ezinearticles.com/?Things-­To-­Consider-­Before-­Buying-­Car-­Insurance&id=6892426Chicago Style Citation:
Modi, Gagan A. "." EzineArticles.com. http://ezinearticles.com/?Things-­To-­Consider-­Before-­Buying-­Car-­Insurance&id=6892426EzineArticles.com© 2012 EzineArticles.com
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