You’ve just got your new car and are all set to go out and hit the road. You might feel excited at having wheels of your own, or trading in your old car for a new model. However, before you get too excited and get out on the open road, don’t forget about a hugely important aspect of being a responsible driver: having car insurance. Car insurance is absolutely vital if you are a driver. If you are in an accident and you don’t have insurance, you could potentially spend thousands and thousands of dollars on damages for either your vehicle, or your vehicle and the other vehicle if the accident was your fault. That’s not even to mention all the health bills involved. Car insurance is something that protects you and your assets in the event of an accident. It is a sad but true fact that car accidents are not an uncommon occurrence. Even minor accidents can rack up huge bills, so this is a time that car insurance can be highly valuable. Even if you’ll only be driving for a few months, it’s not something to just forget about. It just takes one unfortunate incident to totally drain your bank account. Read on for some tips and advice on buying car insurance.
How much you end up paying for car insurance will depend on several factors: your age, gender, car, driving history, marital status, where you live – the list goes on. The insurance companies consider it all when deciding what kind of quote to give you. Many of these are things that you can’t change, but you can choose a vehicle that is less expensive to insure if you are worried about money.
What does car insurance actually cover?
When you’re buying car insurance, be aware that you’re not just buying coverage to cover the expenses of fixing your vehicle if you are in an accident. Most car insurance actually covers a lot more than that. You’ll be covered for bodily injury and medical bills for you if you are injured and need to go to the doctor. You can get property damage liability which will pay for any expenses related to the loss of any property damaged in the accident. You’ll also get collision coverage which will potentially cover damages to your car all the way up to its book value. Comprehensive coverage will cover your car for all non-accident related damages such as theft, fire, wind, flood, vandalism or other related situations.
Your vehicle will affect the cost of your premium
Yes, it’s fun to have a super sporty car; but did you know that owning this car will hike up the cost of your car insurance? It might not seem fair, but insurance companies take into account many things, such as the fact that these types of cars are more likely to have reckless drivers or even to be vandalized or stolen. If you’re driving a car that has a higher potential of being stolen, it only makes sense that you’re going to pay more to insure it. You can buy a used car to lower your car insurance costs. You can find used car sales for people with bad credit, and you’ll be sure to pay less for insurance than someone who bought a new car. As a general rule of thumb, the larger the car, the lower the insurance premiums will be. Trucks and SUVs have lower premiums than four door and two door cars, with sports cars having the highest premiums of all. So if you’re looking for a vehicle that is cheap to insure, right now the best choice would be an SUV. By all means, if you have your heart set on that sports car, go for it; just be aware that you’re going to pay the price when you have it insured!
You will affect the cost of your premium
That’s right, who you actually are will impact how much you pay for car insurance. Generally, women pay less than men, and married people pay less than single people. The highest premiums are paid by single men under the age of 25. Again, this might not seem fair, but it’s just the way it is. As for factors you can actually control, you will pay less for insurance if you haven’t been convicted of any traffic violations. Unfortunately, if you have any black marks on your driving record, this will impact your premiums. Where you live can also affect how much you pay. Generally, people who live in urban areas will pay more than people who live in rural areas. Just be aware of all of these factors that will impact how much you pay for car insurance, and you will be able to negotiate the best plan for you.