When purchasing a new car, state law mandates that all vehicle owners must, at least, carry liability insurance. If the owner finances the car through a lending agency, the lender normally requires the owner to also purchase comprehensive and collision insurance. Before signing the contract to purchase a vehicle, individuals should first get an Auto Insurance Quote in Edmond OK. To learn more about purchasing insurance when buying a new car, read the top three questions and answers below.
Q.) Why should individuals get an insurance quote before buying a new vehicle?
A.) When individuals are considering the purchase of a new vehicle, getting an insurance quote will help them to plan their budget. Insurance for a brand new vehicle can be costly depending on the type of vehicle that’s purchased. Vehicle owners who purchase collision, and comprehensive insurance will have to choose the amount they want for a deductible before their insurance pays the remainder of a claim. Individuals who have to use a lender for their vehicle purchase should add the cost of their monthly insurance to their loan payment each month to determine the total expense.
Q.) What are some of the factors that determine the price of auto insurance for a new car?
A.) The year, make, and model of a vehicle has an impact on the price that an individual pays for insurance. Vehicles that are a few years old will cost less to insure than vehicles that are brand new. An individual who purchases an expensive sports car will also pay more for insurance than an individual who buys an inexpensive compact vehicle. Other factors that determine the cost of a person’s insurance include their age and driving record.
Q.) How can new car owners save money on the cost of auto insurance?
A.) To lower the cost of their car insurance, individuals can purchase a car that has extra safety features and a high safety rating. Individuals who add safety features on their own, such as a car alarm, will also see a lower rate when they contact a company for an Auto Insurance Quote in Edmond OK.
Get more information and a free quote for auto insurance by visiting the American Insurance Partners website. This experienced Oklahoma company also provides free quotes for home, business, life, and health insurance.
