Auto insurance considerations when shopping for a car

By Compuquotes Team on March 27th, 2008

Auto Insurance

Buying a new car can be very exciting. Unfortunately, much of that excitement can wear off if you discover that the auto insurance for your new car is going to cost much more than you expected. It's possible to avoid being surprised by a high auto insurance premium, but in order to ensure that you know exactly what's coming insurance-wise you generally have to keep the insurance costs in mind while you're still on the market for your new car. This isn't as difficult as it might sound, of course; it just takes a little bit more effort to help ensure that you can afford to keep your new car insured.

Shopping by car type

Different types of cars cost different amounts to insure. If you aren't going to be able to afford a high auto insurance premium, you should focus your search for a new car on those car types which are known to be safer. Hybrid vehicles tend to qualify for reduced insurance premiums as well, simply because of their benefit to the environment as a whole. If the cost of your auto insurance isn't as much of a concern, then you can look at larger vehicles that have a lot more power and the potential for more speed. Weigh your options based on how likely the car or truck is to be involved in accidents, how well it would survive an accident, and whether you're likely to be pulled over for speeding. The 'safer' the vehicle is, the less it will cost to keep the insurance up-to-date.

Narrowing down your options

As you continue shopping, gradually start eliminating choices that you feel would cost too much to insure. Having a really beautiful sports car might be fun, but if you can't afford to pay the auto insurance premium then it isn't going to do you much good. Likewise, you can eliminate any choices that you simply don't like after all, there's no sense in driving a car that you don't like the layout of or that you wouldn't feel comfortable driving around in. Continue eliminating selections in this manner until you've created a short list of vehicles that you'd like to drive and that you should be able to accord the auto insurance for.

Checking vehicle histories

If possible, obtain vehicle history reports on any used cars that you're considering buying. Any major problems that the car has had might show up again, and this could lead to an increase in your auto insurance costs. Weigh your decision on how likely it would be for problems to repeat themselves and whether they would be something that's easily fixed.

Free insurance quotes

Once you have a few vehicles in mind, start requesting insurance quotes so that you'll have a much better idea of exactly how much auto insurance will cost for each of the cars you're considering. While this obviously shouldn't be the only factor that you base your purchase decision on, make sure that you at least consider the amount that your auto insurance will cost to help avoid financial problems in the future caused by trying to make your insurance payments.

See average annual insurance rates for more than 2,000 vehicles

Top Auto Insurance Provider
Facebook 470 flares Google+
470 flares ×