Are you in the market for a new car? While drivers consider many different things before purchasing a vehicle, insurance costs may or may not be on the top of their list. The truth is the type of vehicle you drive can greatly affect your insurance premiums so you should consult with your car insurance agent before driving your new car off the lot.
For example, foreign cars are often more expensive to repair since parts often need to be specially ordered. So, insurance companies may charge more for collision coverage for a foreign car. The same goes for luxury vehicles- the more expensive the replacement parts- the more you may end up paying out of pocket in insurance premiums to protect it.
Another thing to consider is the safety rating of the vehicle. The Insurance Institute for Highway Safety rates vehicles based on their ability to withstand damage and prevent human injury in the event of a collision. The better a vehicle’s safety rating is, the better chance your insurance company will charge you less to insure that vehicle. Ask your salesman or visit the IIHS website yourself to see the safety rating of a vehicle you are considering to purchase.
Since there are lots of insurance considerations to make when shopping for a car it is best to consult with your auto insurance agent before making a final decision. They should be able to provide you with comparative quotes which may make your shopping easier.
Talk to the auto insurance professionals at Insurance Planning Service to discuss the insurance considerations of buying certain types of vehicles. Call us at 800-220-5582 or use our online contact form.
Article source: Homeinsurance.com
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