Shopping for a new vehicle can prove fun. There is nothing like that new car smell (or new-to-you car smell). There’s a lot to consider when shopping for a new vehicle. Price, safety, and fuel efficiency are just a few. But do you ever consider how your purchase decision may affect your car insurance rates? You may hear that a particular brand of vehicle is safer than other makes and models, causing you to think insurance premiums will automatically come in lower if you choose to purchase that vehicle.
Have you considered the cost of repairs, especially for a vehicle considered in the "luxury" category? Many factors, including vehicle type, repair costs, cost of parts, value, performance, and security determine whether a vehicle will receive lower insurance rates. Before purchasing a vehicle, it pays to know how the cost of insuring that vehicle factors into the vehicle’s total cost.
Even if you don't get into an automobile accident, the potential cost of repairing your vehicle is what many insurance carriers determine as a significant factor in weighting your insurance premium.
Know before you go to the dealership. The dealership is going to have one motivation, to sell you the vehicle (and possibly some maintenance and other parts packages) without taking into consideration the additional cost to you as the owner. Insurance For Texans will be glad to consult you about the details before purchasing.
You definitely want the dealer to be transparent and not surprise you with hidden costs. Here's a way to not surprise yourself with added expense by getting the information ahead of time.
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In the meantime, browse the 10 Least Expensive 2016 Model Year Vehicles To Insure.
Happy hunting!