credit-card-news/how-to-save-money-on-car-insurance-before-during-and-after-your-car-purchase

Credit Card Offers Made Easy

Your Step by Step Credit Card Guide

If you are in the market for a new vehicle, you should include insurance premiums in your car research.  Buying a car is a major investment. It doesnt end there though, you will be paying for car insurance as long as you own that car. Playing detective before you buy a car could save you a significant amount of money along the way. Many of us read car reviews, customer reviews and talk to friends before we choose our next vehicle.

Basically, these are the items you should consider before deciding on what model to purchase in order to reduce your insurance premium and risk for it to go up disproportionately:

What age group makes up the majority of drivers for this model of car?

Think about the insurance consequences of the recommendations being made for certain vehicles. If a car lands on the top 5 cars to consider for your teenager list, you may not want to purchase it if you arent a teen and are budget conscious. Yes, that vehicle is likely to have great safety features, be economical and look pretty good, but what about the insurance? If it is a new model, the initial insurance premiums are likely to be comparable to similar cars, but if this isnt the first year it has been recommended as the teen car of the year, you could see higher insurance premiums on that vehicle if it indeed attracted a higher percentage of teen drivers than other vehicles.

What is the current insurance premium for this model?

Insurance rates are adjusted based on the accident and claim rate on the model. Teenagers are known to be a highly accident prone group. You should check premiums for your specific area. Average national premiums could be different from your area, because accident rates are considered on a regional scale.

What type of buyer would be attracted to this model?

Looking at the type of buyer may give you a clue whether this model attracts the type of people that file claims immediately and frequently.

Improve your credit score

The higher your credit score is when you apply for an insurance policy the lower your insurance premium will be. Check out the Federal Trade Commissions article on building a better credit report for ideas on what to do.

Things to consider during your car purchase:

Compare insurance companies

Rates can vary significantly. If you live in California, you may be able to save by getting car insurance based on the number of miles you drive. Consider your driving habits and get several quotes.

Things to consider after you purchase a car:

Good student discounts

Most insurance companies have discounts for good students. If you are a student or include a student driver on your insurance policy, work on those grades. Generally a B average is good enough to qualify for a good student discount.

Safety training

Insurance companies have developed their own safety training courses in order to reduce their risk of insuring high risk groups. These exist for young and more mature drivers alike and are well worth your time.

Consolidating insurance policies

Insurance companies want your business, so they also offer discounts for consolidating all of your insurance policies at their company.

Increasing your deductibles

The higher your deductible, the lower your insurance premium is. Just make sure you can afford to pay the deductible you choose in case of an accident.

Adjusting your coverage

As your car ages you may want to reduce comprehensive or collision coverage since the value of your car drops significantly.

Similar Posts:

Share

Post Comment

  • Home
  • Contacts
  • SiteMap
  • Credit Card Offers Made Easy

    Your Step by Step Credit Card Guide

    Credit Card Offers Made Easy

    Your Step by Step Credit Card Guide

    Credit Card Offers Made Easy

    Your Step by Step Credit Card Guide

    Credit Card Offers Made Easy

    Your Step by Step Credit Card Guide

    Subscribe via RSS

    If you are in the market for a new vehicle, you should include insurance premiums in your car research.  Buying a car is a major investment. It doesnt end there though, you will be paying for car insurance as long as you own that car. Playing detective before you buy a car could save you a significant amount of money along the way. Many of us read car reviews, customer reviews and talk to friends before we choose our next vehicle.

    Basically, these are the items you should consider before deciding on what model to purchase in order to reduce your insurance premium and risk for it to go up disproportionately:

    What age group makes up the majority of drivers for this model of car?

    Think about the insurance consequences of the recommendations being made for certain vehicles. If a car lands on the top 5 cars to consider for your teenager list, you may not want to purchase it if you arent a teen and are budget conscious. Yes, that vehicle is likely to have great safety features, be economical and look pretty good, but what about the insurance? If it is a new model, the initial insurance premiums are likely to be comparable to similar cars, but if this isnt the first year it has been recommended as the teen car of the year, you could see higher insurance premiums on that vehicle if it indeed attracted a higher percentage of teen drivers than other vehicles.

    What is the current insurance premium for this model?

    Insurance rates are adjusted based on the accident and claim rate on the model. Teenagers are known to be a highly accident prone group. You should check premiums for your specific area. Average national premiums could be different from your area, because accident rates are considered on a regional scale.

    What type of buyer would be attracted to this model?

    Looking at the type of buyer may give you a clue whether this model attracts the type of people that file claims immediately and frequently.

    Improve your credit score

    The higher your credit score is when you apply for an insurance policy the lower your insurance premium will be. Check out the Federal Trade Commissions article on building a better credit report for ideas on what to do.

    Things to consider during your car purchase:

    Compare insurance companies

    Rates can vary significantly. If you live in California, you may be able to save by getting car insurance based on the number of miles you drive. Consider your driving habits and get several quotes.

    Things to consider after you purchase a car:

    Good student discounts

    Most insurance companies have discounts for good students. If you are a student or include a student driver on your insurance policy, work on those grades. Generally a B average is good enough to qualify for a good student discount.

    Safety training

    Insurance companies have developed their own safety training courses in order to reduce their risk of insuring high risk groups. These exist for young and more mature drivers alike and are well worth your time.

    Consolidating insurance policies

    Insurance companies want your business, so they also offer discounts for consolidating all of your insurance policies at their company.

    Increasing your deductibles

    The higher your deductible, the lower your insurance premium is. Just make sure you can afford to pay the deductible you choose in case of an accident.

    Adjusting your coverage

    As your car ages you may want to reduce comprehensive or collision coverage since the value of your car drops significantly.

    Similar Posts:

    Share

    Post Comment

    If you are in the market for a new vehicle, you should include insurance premiums in your car research.  Buying a car is a major investment. It doesnt end there though, you will be paying for car insurance as long as you own that car. Playing detective before you buy a car could save you a significant amount of money along the way. Many of us read car reviews, customer reviews and talk to friends before we choose our next vehicle.

    Basically, these are the items you should consider before deciding on what model to purchase in order to reduce your insurance premium and risk for it to go up disproportionately:

    What age group makes up the majority of drivers for this model of car?

    Think about the insurance consequences of the recommendations being made for certain vehicles. If a car lands on the top 5 cars to consider for your teenager list, you may not want to purchase it if you arent a teen and are budget conscious. Yes, that vehicle is likely to have great safety features, be economical and look pretty good, but what about the insurance? If it is a new model, the initial insurance premiums are likely to be comparable to similar cars, but if this isnt the first year it has been recommended as the teen car of the year, you could see higher insurance premiums on that vehicle if it indeed attracted a higher percentage of teen drivers than other vehicles.

    What is the current insurance premium for this model?

    Insurance rates are adjusted based on the accident and claim rate on the model. Teenagers are known to be a highly accident prone group. You should check premiums for your specific area. Average national premiums could be different from your area, because accident rates are considered on a regional scale.

    What type of buyer would be attracted to this model?

    Looking at the type of buyer may give you a clue whether this model attracts the type of people that file claims immediately and frequently.

    Improve your credit score

    The higher your credit score is when you apply for an insurance policy the lower your insurance premium will be. Check out the Federal Trade Commissions article on building a better credit report for ideas on what to do.

    Things to consider during your car purchase:

    Compare insurance companies

    Rates can vary significantly. If you live in California, you may be able to save by getting car insurance based on the number of miles you drive. Consider your driving habits and get several quotes.

    Things to consider after you purchase a car:

    Good student discounts

    Most insurance companies have discounts for good students. If you are a student or include a student driver on your insurance policy, work on those grades. Generally a B average is good enough to qualify for a good student discount.

    Safety training

    Insurance companies have developed their own safety training courses in order to reduce their risk of insuring high risk groups. These exist for young and more mature drivers alike and are well worth your time.

    Consolidating insurance policies

    Insurance companies want your business, so they also offer discounts for consolidating all of your insurance policies at their company.

    Increasing your deductibles

    The higher your deductible, the lower your insurance premium is. Just make sure you can afford to pay the deductible you choose in case of an accident.

    Adjusting your coverage

    As your car ages you may want to reduce comprehensive or collision coverage since the value of your car drops significantly.

    Similar Posts:

    Share

    Post Comment

    If you are in the market for a new vehicle, you should include insurance premiums in your car research.  Buying a car is a major investment. It doesnt end there though, you will be paying for car insurance as long as you own that car. Playing detective before you buy a car could save you a significant amount of money along the way. Many of us read car reviews, customer reviews and talk to friends before we choose our next vehicle.

    Basically, these are the items you should consider before deciding on what model to purchase in order to reduce your insurance premium and risk for it to go up disproportionately:

    What age group makes up the majority of drivers for this model of car?

    Think about the insurance consequences of the recommendations being made for certain vehicles. If a car lands on the top 5 cars to consider for your teenager list, you may not want to purchase it if you arent a teen and are budget conscious. Yes, that vehicle is likely to have great safety features, be economical and look pretty good, but what about the insurance? If it is a new model, the initial insurance premiums are likely to be comparable to similar cars, but if this isnt the first year it has been recommended as the teen car of the year, you could see higher insurance premiums on that vehicle if it indeed attracted a higher percentage of teen drivers than other vehicles.

    What is the current insurance premium for this model?

    Insurance rates are adjusted based on the accident and claim rate on the model. Teenagers are known to be a highly accident prone group. You should check premiums for your specific area. Average national premiums could be different from your area, because accident rates are considered on a regional scale.

    What type of buyer would be attracted to this model?

    Looking at the type of buyer may give you a clue whether this model attracts the type of people that file claims immediately and frequently.

    Improve your credit score

    The higher your credit score is when you apply for an insurance policy the lower your insurance premium will be. Check out the Federal Trade Commissions article on building a better credit report for ideas on what to do.

    Things to consider during your car purchase:

    Compare insurance companies

    Rates can vary significantly. If you live in California, you may be able to save by getting car insurance based on the number of miles you drive. Consider your driving habits and get several quotes.

    Things to consider after you purchase a car:

    Good student discounts

    Most insurance companies have discounts for good students. If you are a student or include a student driver on your insurance policy, work on those grades. Generally a B average is good enough to qualify for a good student discount.

    Safety training

    Insurance companies have developed their own safety training courses in order to reduce their risk of insuring high risk groups. These exist for young and more mature drivers alike and are well worth your time.

    Consolidating insurance policies

    Insurance companies want your business, so they also offer discounts for consolidating all of your insurance policies at their company.

    Increasing your deductibles

    The higher your deductible, the lower your insurance premium is. Just make sure you can afford to pay the deductible you choose in case of an accident.

    Adjusting your coverage

    As your car ages you may want to reduce comprehensive or collision coverage since the value of your car drops significantly.

    Similar Posts:

    Share

    Post Comment

    How to Save Money on Car Insurance Before, During and After Your Car Purchase

    Written by Tim Peak on April 24, 2011.

    If you are in the market for a new vehicle, you should include insurance premiums in your car research.  Buying a car is a major investment. It doesnt end there though, you will be paying for car insurance as long as you own that car. Playing detective before you buy a car could save you a significant amount of money along the way. Many of us read car reviews, customer reviews and talk to friends before we choose our next vehicle.

    Basically, these are the items you should consider before deciding on what model to purchase in order to reduce your insurance premium and risk for it to go up disproportionately:

    What age group makes up the majority of drivers for this model of car?

    Think about the insurance consequences of the recommendations being made for certain vehicles. If a car lands on the top 5 cars to consider for your teenager list, you may not want to purchase it if you arent a teen and are budget conscious. Yes, that vehicle is likely to have great safety features, be economical and look pretty good, but what about the insurance? If it is a new model, the initial insurance premiums are likely to be comparable to similar cars, but if this isnt the first year it has been recommended as the teen car of the year, you could see higher insurance premiums on that vehicle if it indeed attracted a higher percentage of teen drivers than other vehicles.

    What is the current insurance premium for this model?

    Insurance rates are adjusted based on the accident and claim rate on the model. Teenagers are known to be a highly accident prone group. You should check premiums for your specific area. Average national premiums could be different from your area, because accident rates are considered on a regional scale.

    What type of buyer would be attracted to this model?

    Looking at the type of buyer may give you a clue whether this model attracts the type of people that file claims immediately and frequently.

    Improve your credit score

    The higher your credit score is when you apply for an insurance policy the lower your insurance premium will be. Check out the Federal Trade Commissions article on building a better credit report for ideas on what to do.

    Things to consider during your car purchase:

    Compare insurance companies

    Rates can vary significantly. If you live in California, you may be able to save by getting car insurance based on the number of miles you drive. Consider your driving habits and get several quotes.

    Things to consider after you purchase a car:

    Good student discounts

    Most insurance companies have discounts for good students. If you are a student or include a student driver on your insurance policy, work on those grades. Generally a B average is good enough to qualify for a good student discount.

    Safety training

    Insurance companies have developed their own safety training courses in order to reduce their risk of insuring high risk groups. These exist for young and more mature drivers alike and are well worth your time.

    Consolidating insurance policies

    Insurance companies want your business, so they also offer discounts for consolidating all of your insurance policies at their company.

    Increasing your deductibles

    The higher your deductible, the lower your insurance premium is. Just make sure you can afford to pay the deductible you choose in case of an accident.

    Adjusting your coverage

    As your car ages you may want to reduce comprehensive or collision coverage since the value of your car drops significantly.

    Similar Posts:

    Share

    If you are in the market for a new vehicle, you should include insurance premiums in your car research.  Buying a car is a major investment. It doesnt end there though, you will be paying for car insurance as long as you own that car. Playing detective before you buy a car could save you a significant amount of money along the way. Many of us read car reviews, customer reviews and talk to friends before we choose our next vehicle.

    Basically, these are the items you should consider before deciding on what model to purchase in order to reduce your insurance premium and risk for it to go up disproportionately:

    What age group makes up the majority of drivers for this model of car?

    Think about the insurance consequences of the recommendations being made for certain vehicles. If a car lands on the top 5 cars to consider for your teenager list, you may not want to purchase it if you arent a teen and are budget conscious. Yes, that vehicle is likely to have great safety features, be economical and look pretty good, but what about the insurance? If it is a new model, the initial insurance premiums are likely to be comparable to similar cars, but if this isnt the first year it has been recommended as the teen car of the year, you could see higher insurance premiums on that vehicle if it indeed attracted a higher percentage of teen drivers than other vehicles.

    What is the current insurance premium for this model?

    Insurance rates are adjusted based on the accident and claim rate on the model. Teenagers are known to be a highly accident prone group. You should check premiums for your specific area. Average national premiums could be different from your area, because accident rates are considered on a regional scale.

    What type of buyer would be attracted to this model?

    Looking at the type of buyer may give you a clue whether this model attracts the type of people that file claims immediately and frequently.

    Improve your credit score

    The higher your credit score is when you apply for an insurance policy the lower your insurance premium will be. Check out the Federal Trade Commissions article on building a better credit report for ideas on what to do.

    Things to consider during your car purchase:

    Compare insurance companies

    Rates can vary significantly. If you live in California, you may be able to save by getting car insurance based on the number of miles you drive. Consider your driving habits and get several quotes.

    Things to consider after you purchase a car:

    Good student discounts

    Most insurance companies have discounts for good students. If you are a student or include a student driver on your insurance policy, work on those grades. Generally a B average is good enough to qualify for a good student discount.

    Safety training

    Insurance companies have developed their own safety training courses in order to reduce their risk of insuring high risk groups. These exist for young and more mature drivers alike and are well worth your time.

    Consolidating insurance policies

    Insurance companies want your business, so they also offer discounts for consolidating all of your insurance policies at their company.

    Increasing your deductibles

    The higher your deductible, the lower your insurance premium is. Just make sure you can afford to pay the deductible you choose in case of an accident.

    Adjusting your coverage

    As your car ages you may want to reduce comprehensive or collision coverage since the value of your car drops significantly.

    Similar Posts:

  • 3 Car Insurance Add-Ons You Should Consider Dropping
  • Pay As You Go Meets Car Insurance – Will It Save You Money?
  • Credit Card Rewards that Pay Your Insurance Premiums
  • Quick Guide to Saving on Gas
  • No Deposit Credit Cards for Bad Credit
  • Share
    Share
    Share

    Tagged as: Car, Car Purchase

    Post Comment

    Post Comment

    Post Comment

    Similar Posts

  • 3 Car Insurance Add-Ons You Should Consider Dropping
  • Pay As You Go Meets Car Insurance – Will It Save You Money?
  • Credit Card Rewards that Pay Your Insurance Premiums
  • Quick Guide to Saving on Gas
  • No Deposit Credit Cards for Bad Credit
  • The Scoop on Store Credit Cards

  • How to Qualify for Bad Credit Car Loan
  • Archives

  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • Popular Posts

  • What is the Discover card’s grace period?
  • Are Credit Cards For Minors a Bad Idea?
  • Best credit card providers named as AMEX and M&S
  • Citi Secured Credit Card Review
  • Catholic Syrian Bank launches support line
  • Why You Shouldn’t Co-Sign
  • Life After Debt
  • Reward Points: Friend or Foe?
  • Categories

  • Credit Card News
  • Credit Card Tips
  • Credit Cards Advisor
  • Uncategorized
  • Tag cloud

    © All Rights Reserved. Credit Card Offers Made Easy

    Leave a Reply

    Your email address will not be published. Required fields are marked *