Buying A Car With Low Auto Insurance Rates In Mind

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Buying A Car With Low Auto Insurance Rates In Mind

Buying A Car With Low Auto Insurance Rates In Mind

9 May 2016
Insurance, Blog

If you are in the market for a new vehicle, it's important that you take the time to factor in the cost of auto insurance when determining which vehicle you can afford. There are some key factors that you can be looking for during the car shopping process that will help you keep your future insurance premiums to a minimum.

Here are three things that you should be looking for as you consider potential vehicles to invest in that will help reduce your auto insurance costs in the future.

1. Safety Features

Many insurance companies take into account the potential amount of damage your vehicle will sustain in an accident when calculating your monthly insurance premiums. If you want your premiums to be as affordable as possible, it can be beneficial to look for a car that has a lot of safety features installed.

Things like 3-point rear seatbelts, active braking systems, and blind spot warning systems could reduce the amount of damage your car (and its passengers) will sustain in the future. Minimizing financial risk for the insurance company will help ensure that your auto insurance premiums are affordable.

2. Popularity Among Thieves

If your car is stolen, your insurance company will have to pay to replace the vehicle. Taking the time to learn which vehicles are targeted by car thieves most often will help you invest in transportation that has a minimal chance of being lost to theft.

Knowing that a 1994 Honda Civic is more likely to be stolen than a 2013 Nissan Altima will help you narrow your vehicle search to the makes and models that will be more affordable to insure in the future.

3. Part Replacement Costs

Many insurance companies, like Mid-Alliance Insurance Associates LLC, want to know that replacement parts for your vehicle are easily accessible in the event that your car needs to be repaired after an accident. Since the insurance company foots the bill for these repairs, parts that are difficult to locate could end up costing more. This anticipated cost will be reflected in a higher monthly premium.

By taking the time to ask a mechanic which makes and models have replacement parts readily available and limiting your purchasing options to these vehicles, you could help to reduce your future auto insurance costs.

Cutting auto insurance costs doesn't have to be impossible. As you search for a new car to purchase, take safety features, theft rates, and the availability of replacement parts into consideration and you will be able to purchase a vehicle with low monthly insurance premiums.

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your home business and homeowners insurance

When you operate a business from your home, you enjoy the benefit of not having to commute to a busy office every single day. One thing that you may not have considered is whether your home business is covered under your current homeowners insurance policy. If you have expensive equipment, inventory and files stored in your home, you may need to add a rider to your insurance policy to ensure that you are covered. Find out more about how a home business can impact your homeowners insurance policy and whether or not you are protected as your policy stands today.