Thursday, November 08, 2012

Why Your Car Model Is Expensive to Insure

As there are numerous different makes and models of cars on the road, the insurance rates cannot be the same across the board. When a person makes the decision to get a new car, they must also decide what type of car insurance coverage they want to have, and where to obtain it.

Each car insurance quote will be different depending on the company giving it - even for the same person. This is due to the type of coverage that will be provided, as well as the driving record and personal attributes of each individual driver. Auto insurance rates also differ depending on the type of vehicle that will be insured, making more expensive vehicles more costly to insure. If you’re curious to see what your vehicle costs to insure, you can find automobile insurance rates here.

For those looking to find inexpensive auto insurance coverage for their vehicle, choosing a more expensive car may not be the right decision. The cost of the insurance is also dependent on the model of the vehicle, so even if it is an inexpensive car, the size, number of doors, and even color of the car could change the final cost of the insurance coverage. Auto coverage rates also differ between states, so getting a rate adjusted after a move may raise (or even lower) the insurance costs for a vehicle.

Another factor that will influence the overall cost of auto insurance is the person that will be holding the policy. Younger drivers - even with older model cars - will pay more than experienced drivers due to their lack of a driving record. This reason is why many drivers look forward to their 25th birthday - the day that their insurance rates will drop (as long as they have previously been a responsible driver).

Car insurance is a necessity, but it does not have to be an inconvenience or a burden to those paying for it. There are many options and choices for drivers to consider before making their final purchase and choosing the insurance path that will work best for their particular car model.

Monday, November 05, 2012

How To Know If You’re Getting a Good Deal on a Car

One of the worst parts of car buying is trying to get a good deal on a car. The car dealer is trying to make as much money as possible, while at the same time you are trying to get the best car deals possible as well. As a result, it can be really difficult to know if you’re getting a good deal on a car. So here are some things that you can do to make sure that you get the best new car deals possible.

Do Your Homework

The first thing you can do is your homework on the car. Many sites like Kelly Blue Book and Edmunds will have the prices that you can expect to pay for cars in various conditions. Also, you can see how prices vary by market, and features on the vehicle.

If you’re buying a new car, it is important to find the invoice price for the car. This is essentially the price the dealer will pay for the vehicle. You should also look for dealer incentives that the car manufacturer is offering. Many companies, like Honda, will pay the dealers $X amount per vehicle sold, so even if the dealer has an invoice price, they make money in other ways.

Ask The Dealer

If you’re at the point of negotiation on the car, you can always ask the dealer for their bottom line price. The goal of negotiation should always be win-win: meaning the dealer makes a fair profit and you get a good deal. A smart dealer will be willing to pull out the actual invoice for the car and show you in good faith.

Then, you can remember if there are any dealer incentives, and know what the dealer’s true bottom line price for the car really is.

Don’t Be Afraid to Walk Away

Finally, if the dealer really won’t budge, or won’t even be honest about the price of the car, don’t be afraid to walk away. There are thousands of every model car made each year, so you can always find another one at a different dealership.