The Definitive Guide To Buying Your First New Car

No Traffic Tickets or Citations

You can reduce your monthly premium by not getting traffic tickets or citations. If you do receive tickets, you can complete a traffic safety course which will help your premium return to its original monthly rate.

Raise The Deductible

If you raise your deductible, you will lower your monthly payments. You should only do this if you can cover the deductible in case you are in an accident. As your financial situation improves, you will be able to change the deductible.

Report Changes

If you get married, your monthly payment should go down. The same applies if your move to an area that is considered less of a risk. Even if you just move to a place that has covered parking, you should still report it so that your premium will be lowered.

Calculate Your Mileage For The Year Accurately

The closer you can come to your actual annual mileage, the better off you will be. If you do not drive your car often, then your premium will go down because the chances of having an accident will go down.

Buy A Car With Safety Features

If you buy a car that has extra safety features including side air bags, all wheel drive, or electronic steering system, you will receive a discount on your car insurance. You should ask about discounts to see how many you will qualify for.

Even if you save ten or fifteen dollars a month, you will save a big chunk of money each year. As your car ages, your insurance costs will be lowered.

These are just a handful of ways you can lower your premium each month.

Choosing The Right Insurance Company (Return to Contents)

Now that you know what to look for in an insurance policy, you should be able to find an insurance company that will suit your needs. Not all insurance companies are the same. Some companies are larger than others. Some companies have been around for a long time, while other have not. Some companies have regional offices, while others have corporate offices that are very far away. You should pick your insurance company carefully. Choosing a company that cannot honor its policies will leave you with little money to repair your car if you have been in an accident.

Below is a list of questions you should ask an agent or find answers to online that will give you an idea of how reliable the insurance company is and how they will be able to help you in case of an emergency.