cBuying a new car can be a fun and exciting experience. You get to walk the lot picking out the cars that fit you best. Once you find the one you like nothing beats that new car smell. You can’t wait to show of your new car to all your friends and family. Then reality sets in and you realize you have to buy car insurance for new cars and you have to pay for tags and sales tax. This new car will quickly cost you an additional thousand dollars out of pocket. Luckily, there are ways to save on car insurance for new cars. Consider the following 4 tips to save on your new policy.
Choose Your Car Carefully When you are still on the lot you should think about buying your insurance. If you want to save money look for a car that has lots of safety features and is rated highly by car and driver. Many insurance companies give discounts for security features. Their view is that if you are safe they are less likely to pay out an insurance claim. Make sure you get passenger air bags, anti-lock brakes, and a security system in your new car.
Compare Coverage for a Great Deal The best way to ensure you are getting the best car insurance for new cars is to complete an online search and comparison. You can complete a search by your zip code to find local insurance agents. However, you will find there are many companies that cover several states. Filling out the form is simple. Just make sure you have your driver’s license and VIN number for your vehicle. Enter your personal information and you can get instant quotes from many different companies instantly.
Don’t Buy More Than You Need Buying car insurance is kind of like shopping for groceries. You can buy as much as you want, but you don’t always need what you are buying. Each state has minimum coverage limits. However, there are no maximums. When you buy car insurance for new cars you should sit down and decide how much coverage you need.
Do you need $25,000 dollars of medical coverage or $250,000? The difference between the two amounts is very drastic. You policy could even double when you add on high coverage amounts. It is up to you to decide if you really need this much coverage.
Raise Your Deductible If you are buying car insurance for new cars you will have to choose how much you want your deductible to be. This is the amount you pay out of pocket if you get into an accident. Most companies allow you to choose deductibles from $500 to $1,500.
Raising your deductible will lower your insurance premium. However, you have to make sure you have the cash to pay a $1,500 dollar deductible if you get into a wreck. This can be very difficult. As you can see buying car insurance for new cars can be a bit tricky. However, when you know what you are doing the process is much easier.