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5 Tips to buying new Car Insurance

20 Aug , 2018  

One of the things that you need to consider when buying a new car is that you also need to get car insurance. This may sound so simple but it isn’t as easy as it sounds all the time.

Most times, the process itself can be very taxing. In addition to that, there are things that you need to consider such as what kind of coverage is offered by the insurance company. More often than not, a lot of people don’t even know the difference between liability vs full coverage.

Here are five tips for buying new car insurance.


Know what the coverage type of your insurance is

It is extremely important that you know exactly the details of your car insurance coverage so that you will know what to do in case you need it in the future. This is also important so that you get the right type of insurance you need for yourself.

Even though you are buying a single insurance policy for a specific type of vehicle, there are a lot of components that can add up to the final cost. Liability insurance is the type of insurance that covers the cost of damage you may have caused when driving.

Full coverage, on the other hand, comprises two additional types of coverage. This includes Collision – where it covers damage from situations when you are the one driving while Comprehensive covers situations outside driving such as weather damage, fire, or theft.


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Determine how much coverage you need

You need to know how much coverage you exactly need so that you won’t be spending too much money and make the mistake of having too much insurance and as well as not go underinsured.

Make sure that you know exactly how much you need. Basically, the more assets and income that you have, you will most likely need more insurance. Do prior researches on this before you decide to get one.


Be careful in choosing the type of car to buy

If you don’t want to make a mistake with choosing car insurance, you need to be careful in choosing the type of vehicle you get. For instance, if you get an SUV or a sports car, your insurance company will charge you more while you are driving it, Your vehicle can definitely affect your premium.


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Be aware of the factors that can affect your premium

Other than the aforementioned factor, your age, gender, as well as a driving record can also affect your insurance premium. This is why if you have a clean record, you will most likely pay the lowest rates in car insurance.


Determine ways on how you can reduce your insurance premium

There are many ways to do this. You will most likely be eligible for discounts or a reduced amount depending on the vehicle you choose. Make sure to ask your insurance agent first about the cost of insuring the vehicle that you are most interested in purchasing. This way, you have complete knowledge of everything before making the final purchase.


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By  -    
Owner / Editor of Carwitter - French car fiend, hot hatch lover. Freelance writer and car journalist I've turned my passion for cars into my livelihood.