7 Tips For Buying A Car The Smart Way

tips for Buying A Car

Due to our society’s litigious nature and the increasing prices of vehicles, car insurance rates are on the rise across the country. The bad news is that insurance isn’t likely to come down in price anytime soon. The good news is that you can do things to minimize increases or reduce the burden on your wallet tips for buying a car.

Here are some things you should know about car insurance and a few different tips for  your car insurance.

Tips For Buying A Car

1. Multiple cars and/drivers may save money

Suppose you obtain a quote from an auto insurance company to insure a single-vehicle. In that case, you might end up with a higher quote per vehicle than if you inquired about insuring several drivers or vehicles with that company. Ask your insurance agent to see if you qualify.

2. Cut cost by mindful driving

Who knew being safe could also mean cutting costs? This should go without saying, but in today’s age of increasing in-car distractions, this bears mentioning as much as possible. The more mindful you are, the more accidents or moving violations you’ll be able to avoid – events that raise your insurance rates. Traveler offers safe driver discounts between 10% and 23%, depending on your driving record.

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3. Take a defensive driving course

Sometimes insurance companies will provide a discount for those who complete an approved defensive driving course. Drivers may also reduce the number of points they have on their licenses by taking defensive driving, accident prevention, or other courses. Make sure to ask your agent/insurance company about this discount before signing up for the class.

4. Shop around for better premiums

If your policy is about to renew and the annual premium has gone up markedly, consider shopping around and obtaining quotes from competing companies. Also, every year or two, it probably makes sense to get quotes from other companies, just in case there is a lower rate out there. But remember, cheap doesn’t always mean good, and going with the lower-priced company isn’t always the wisest decision. So always ask about a company’s mileage thresholds.

5. Different mileage thresholds

When you sign up for car insurance, the company will generally start with a questionnaire. Among the questions it asks might be the number of miles you drive the insured automobile per year. If you use your vehicle to commute three hours to work every day, you will generally pay more in insurance premiums than someone who only drives one mile a day. Ask your insurance company about their different mileage thresholds so your efforts are not wasted.

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6. Larger cars cost more

Buying an SUV may sound exciting, but insuring a 5,000-pound, top-of-the-line vehicle can be more expensive than insuring a small (but safe) lower-cost commuter car. Find out the exact rates to insure the different cars you’re considering before making a purchase.

7. Increase your deductibles

When selecting car insurance, you can typically choose a deductible. A deductible is an amount of money you would have to pay before insurance picks up the tab in the event of an accident, theft or other types of damage to the vehicle. Depending on the policy, deductibles typically range from $250 to $1,000. If you’re reluctant to file smaller claims to avoid the risk of pushing up your premium, increasing the deductible may be an incredibly sensible move.

Well, now that you have a few essential tips for buying car insurance in mind, head on over to the Car Factory. Please book an appointment today by calling us at 786-406-6234 or visit our website to check out our range of certified used cars.

Recommended Read: 5 Things To Know Before You Sign Up For Car Insurance

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