If you are ready to purchase a new car, you should not make the mistake of overlooking the importance of comparing car insurance rates before signing on the dotted line. With the expense and excitement of getting a new vehicle comes the responsibility of getting the proper type of auto insurance coverage as well. Too many drivers make the common mistake of putting this task off until a later date, which only makes the expense and risk greater. Before getting your new automobile, get policy quotes to ensure you get the best deals and never settle when it comes to your car insurance.
Getting Car Insurance Quotes Is Important
- Before taking on a new monthly car loan payment it is extremely important to check on auto insurance rates. Too many drivers eager to take that brand new red convertible sports car out on the open road sign up for their loan and then try to get a new policy when they get home. The bad news is that your new monthly premiums for that new car may run as high as the car payments themselves. Before you get yourself into more car and auto insurance payments than you can possibly afford, get your quotes.
- The financing lender for your brand new car will have certain guidelines you must meet in order to have coverage for the vehicle. Drivers sometimes neglect to make the changes to an existing policy when they add a new vehicle. Usually the lending company will then tack on their own coverage to make sure the car is fully covered. While you may not realize this is happening, you will find out the hard way once you go to make what you thought was your last payment on the car. These high rates are tacked onto the end of your loan and could leave you paying for much longer than the life of your loan.
- If you drive a new car without enough auto insurance coverage in place and have an accident, you will be stuck paying a good majority of the bills. Your new car could be totaled out, but if you did not have the right amount of coverage you will be paying the costs and without having a car to drive. Paying back the lender is your responsibility whether you have the car or not. This also applies if your new car is stolen. You may be paying for a vehicle that cannot be recovered leaving your with car loan payments and no car to drive.
The Bottom Line
When it comes to getting a new car – make sure you get the right coverage. Just having insurance isn’t enough as new cars require more coverage. Get your quotes for new car auto insurance today by entering just your zip code. This will enable you make a wise consumer choice and be street legal.