Five Tips for Lowering Your New Car Insurance

Before you decide to buy a new car, it’s helpful to know how much it will cost to insure. You can ask the seller for the year, make, model and approximate mileage of the car so you can get a preliminary estimate. While many facts remain to be discovered on the car you are considering, having an insurance estimate can help you to decide if the car will fit into your budget long-term.

1. Always get several quotes.

Several websites offer auto insurance quotes, like those you can get right here. All you need to do is enter your zip code in the box at the top of this page to get started. You’ll have several quotes after just a few minutes.

Once you have your quotes, go to the National Association of Insurance Commissioners (NAIC) website to find your state’s insurance department. From there you can research insurance companies for help in deciding among companies. For most of us, however, price is the biggest factor. Check your quotes to be sure they all offer the same coverage. Only then can you objectively compare one policy to the next. The NAIC guide should help you understand the basics when it comes to getting auto insurance quotes online.

2. Ask About Car Insurance Discounts.

Certain habits indicate responsible behavior on your part and can help you qualify for auto insurance discounts. For example, both high school and college students may be eligible to receive a discount based on their grade point average. You can also receive insurance discounts for things like having a good credit rating, completing defensive driver courses and going for a specified length of time without making a claim. Make sure the companies quoting insurance for you factor these good habits into your rate.

3. Tweak Your Car to Reduce Risk Factors.

Beyond proving yourself a responsible driver, you can lessen the risk for your insurance carrier with some small changes to the car. Check the price of features like anti-lock brakes, automatic seatbelts and airbags that deploy on both sides if the car doesn’t already have them. All of these features will make you safer in the event of an accident and present less of a risk to your insurance company. Find out the cost of adding an anti-theft device as well. Compare the cost with the insurance savings to determine if you should install one.

4. Consider a More Conservative Car.

Sports cars are associated with high-risk drivers. If you have your heart set on a roadster, you can expect higher insurance premiums even if you are a safe driver. Look for the most practical car you can find that still suits your style. Take time to look for a car that gets good gas mileage since insurance companies favor fuel-efficient cars with better rates.

5. Seek Multiple Policy Discounts.

Take time to get a quote from the insurance company you already have. You may qualify for a discount that saves you more than if you switched carriers. It is also smart to ask the companies that quote insurance for you about any multiple policy discounts they might offer if you move your other insurance to them.

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