When you are considering buying a new automobile there are a few points to consider. Fuel economy, crash safety, theft prevention, other features and price are some of the key areas to look at. Vehicle insurance costs may be overlooked when there are many options to consider and excitement of owning a new ride takes over. Since people would be required insurance once they get the auto they may wait until they decide on the model and type they would purchase.
This may end up being a costly decision as the rates can vary dramatically depending on the choice of automobile. So, it is highly advisable to check the insurance rates of the vehicles you are considering. This could be achieved quickly and easily by getting quotes for them. As a result, you may decide to buy a similar car with much better ratings. This will reduce the costs over the ownership of the chosen ride. The same method can be applied to used automobiles as well. Here are a few points to remember in terms of premium expenditure.
General View
Certain car manufacturers are known to pay extra attention to safety and therefore their models may help in finding inexpensive automobile insurance. Usually, family cars are considered lower risk compared to more sporty ones. Smaller cars may be costly too if they are likely to cause more injuries to driver and passengers. Also, cars that are prone to theft will cost more. There is sufficient information online about the cars that are stolen often and the ones that score highly on safety tests.
Safer Cars Are Cheaper to Insure
Every year manufacturers make improvements on auto safety. They find new ways of protecting human life, reducing accidents and injuries. Anti-lock Braking Systems, Electronic Stability Controls, advanced airbags and seat belts are some of those features to look for. They come as standard with many latest model vehicles.
Therefore, it may be advantageous to buy new or near new automobiles with advanced crash prevention technologies such as lane departure and blind spot warning. All these little details will make a difference in protecting your family against and in case of accidents. Also, you will be able to save money on car insurance that may be worth spending a little more. You are likely to get your investment back with these savings.
Insuring Sports Cars Is an Expensive Business
Autos with powerful engines that can reach incredible speeds in seconds are obviously more dangerous toys. They cause more accidents and the results are more severe in terms of injuries and deaths. Moreover, they are often vandalized by street thugs and targeted by thieves. It costs a lot more to repair them as they normally require custom parts.
These cars are expensive to insure and it may be impossible if the driver is young or has a bad driving history. You really need to look into insurance costs before going ahead and spending tens of thousands for such automobiles. You do not want to have a major disappointment after achieving your dream of owning one of these beasts. The costs can be double or triple compared to a mid-size sedan.
No Rate Affects
You still have a few other areas to decide without the worry of insurance costs. For example, the colour of the vehicle, fuel economy and mileage should not affect the rates charged. Contrary to general belief the colour is not one of the factors considered by most companies. But, there are researches suggesting that it may affect the number of tickets issued. For example, they suggest that fire engine red attracts more attention from police officers.
Modified Used Cars
For drivers looking for used autos it is worth checking if the vehicle is modified by previous owners. Modifications can affect the rates and insurability. You will need to inform the carrier of any modifications to make sure you are covered properly in any case.
