Did you know the best time to reduce auto rates is before buying your next car? It’s true. Rather than shopping for your next car based upon price alone, be sure to consider how it will impact your auto insurance premiums. You just might be able to afford a lot more car for the money!
Use this handy checklist to get started:
- Don’t buy a car with a high theft rating. Ever notice how station wagons and mini-vans are almost never stolen? Some cars are more highly sought out by thieves for parts or stolen outright. By avoiding those makes and models of cars at the top of the list you can reduce insurance premiums. Don’t worry - there are still plenty of cool cars to choose from! To find out which cars are stolen most visit the National Insurance Crime Bureau at www.nicb.org.
- Avoid flashy colors like red or yellow. Studies have shown that brightly-colored cars are more likely to get tickets, thereby increasing insurance rates.
- Consider repair bills. Not only will it save you money on maintenance but it can also save you money on insurance premiums. Luxury cars, certain foreign imports and other vehicles that cost more to repair will also cost more to insure.
- Anti-Theft measures. When shopping for a car consider spending a few dollars extra for anti-theft devices, security alarms, etched VIN (Vehicle Identification Numbers) and other measures. Be sure to look for an “active alarm” rather than a passive alarm. Also, many local police stations will assist in etching VIN numbers if your dealer can’t do it for you.
- House it. Putting your vehicle in a garage will not only help maintain its great condition but also reduce your insurance rates.
