If your old, reliable car no longer meets your needs or gives you the level of function you need, it may be time to trade it in. But, before you decide on your next vehicle, think about the car insurance. Some vehicles require a higher level of auto insurance because of the higher value of the vehicle. And others are more expensive to insure because they are a higher risk for theft. Since you need to maintain auto insurance, it helps to know what you can expect before you start shopping for a vehicle.
No matter if you are buying a new or a used car, it is very easy to get shocked when you see the cost of insurance after you've already signed on the dotted line. You can avoid this by taking the time to learn more about the likely cost of insurance before you buy.
Rates differ significantly between makes, models and the features of each vehicle. Keep these tips in mind before you make a buying decision:
- Request a quote for the vehicle based on its make and model online before you actually invest in it. It only takes a few minutes to get a basic quote.
- Remember that vehicles that are newer often require full coverage. This includes comprehensive auto insurance. If you plan to use a loan to purchase a new car, make sure your quote includes this type of coverage.
- Provide the correct information. Your car insurance may be slightly different from the quote you receive if you do not provide your personal information at the time of getting a quote. Your risk level, based on your credit history and previous claims can impact how much you'll pay.
Before you decide to purchase a new car, take the time to learn how much car insurance you will pay on it. It takes a few minutes to get this information. But it should be a step in the process of buying a car so there are no surprises later. More so, it usually doesn't cost you a thing to do a little research first.
Get a free quote today. Call Pan American Insurance at 915-562-0009 for more information on El Paso auto insurance.