Monday, May 28, 2012

Finding quotes for auto insurance on a new car | Auto Car Design


Getting auto insurance quotes for a new car

So you?ve bought yourself a new car? Congratulations! That?s certainly a purchase that matters a lot to most car owners. Whether it?s your very first car or just another vehicle to add to your garage, buying a new car is always exciting. Each car certainly feels different on the road and you will always try to find the model that will make you feel comfortable both as a driver and as a passenger. But with a new car comes new responsibility, which always takes the form of insurance. And it?s this small bit of responsibility that can sometimes spoil all the fun about buying a new car since it can be really expensive. So let?s try to learn how to optimize insurance costs and not spoil the excitement of owning a new vehicle.

How you financed you purchase is the first thing and this really does matter. The most common option in our country is using auto loans since you can always get good rates and buy a car that you otherwise would have to save a lot of money for. But there?s a downside to using auto loans from the insurance perspective since you will be obliged to purchase additional types of coverage with your policy in order to get the loan. Most lending companies require collision and comprehensive coverage to be purchased with the insurance policy and that can considerably increase auto insurance quotes for your car. So make sure to consider this effect when financing your car through a loan. If you buy a car like this as it is your only option it is worth avoiding some of the more common mistakes people make.

First of all, don?t get the policy offer at the dealer?s office or by the lending company. They usually have exclusive contracts with specific companies and offer higher rates than you would get from a third party provider. You?re obliged to purchase additional coverage but they can?t make you buy it from a particular insurer. So when you get your loan take the time to get auto insurance quotes from as many companies as possible in order to get the most competitive offer possible. You will be surprised to see that you can actually find affordable policies even with collision and comprehensive coverage included. That?s the whole purpose of comparison shopping.

There are two main options to look at if you want to finance your car with your own money. First, you can get the most stripped down policy carrying only third party liability that will automatically offer cheaper auto insurance quotes right from the start. Of course, this means that the situations when your policy will apply will be quite limited. But instead you can save a lot of money on auto insurance. Yet, assuming that you can afford to buy a car without using credits, loans or any other forms of financing it?s logic that you actually have enough money to buy decent coverage for your auto as well. And you would certainly like to buy more coverage options in order to protect your car adequately. After all, things like comprehensive coverage or uninsured motorist coverage really come in handy in a range of situations where a basic policy would simply make you pay out of own pocket. Once you have celebrated buying your new vehicle you should definitely think about this.

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