Any new car purchase can test the stress of the buyer. After all, how do you know you are getting the best deal, and how can you make sure that your 2014 auto will be a good one on your budget? Some key questions can certainly help you along the way.
One of the most important questions you should ask is about insurance. When calculating the total cost to own a car – purchase price, maintenance, fuel, and others – the car insurance policy emerges as a big factor. Before you even consider a car, you should pay attention to anticipated policy costs as there can be a sizable difference with comparable new cars.
Here are some strong starting points that you can start out when talking with your independent insurance agent:
- Discuss the average insurance costs for the cars that interest you. Is there a big difference in general auto insurance costs for one or more manufacturer or model?
- Go a bit deeper and receive the numbers for the type of auto policy that you would want – to receive a narrow ballpark of what a policy would look like for your top two or three choices. For instance, what would the premiums look like for comprehensive coverage of X amount on Car A and Car B? This information can help you zero in on the long-term costs of insurance for any given car.
- Also, look at other factors involved in insurance. Will your car qualify for discounts? Don’t be afraid to ask questions that can help you get a good sense of the insurance costs for your new car purchase.
During this process, it is a good idea to speak with an independent agency, as agents at this type of company can compare quotes (online and in person) from different insurers. That means you’ll get the most competitive prices – not just what an agent (in the case of captive agents) is trying to sell you from the single company.
Use this information to gain a clearer sense of your new car purchase!