After rolling off the Butler Chrysler parking lot in a new Chrysler 300 or other vehicle, you may get an unpleasant surprise the next time you get your car insurance bill. New vehicles typically carry higher insurance rates than your trade-in, but you can cut the cost of coverage with a little research and the adoption of good habits.
Many new car buyers fail to factor in the cost of car insurance into their total cost of ownership. As a result, they may feel a little overburdened if they’re hit with higher insurance rates. To avoid unpleasant surprises and mitigate car insurance premium hikes, consider these tips:
· Research what your new rate will be before buying a new car. By calling your insurer and informing them of the car you plan to purchase, they’ll be able to tell you what the new rate for coverage will be.
· Shop around insurers. Different companies offer different premiums. By consulting several insurers, you may find one offering lower rates.
· Improve your driving record. If you have a year or so before you buy a new car, improve your record by taking a defensive driving course and avoiding any tickets or violations. During this time, older violations or accidents may time out of the period insurers look at when determining coverage (typically three years).
· Increase your deductible. By bumping up your deductible, you can often secure a lower monthly premium. You may also want to consider dropping coverages that aren’t required by law or your finance company.
To schedule a test drive or talk with a sales rep at Precision Chrysler Jeep Dodge Ram, call 1-888-313-2410. Precision Chrysler Jeep Dodge Ram has an excellent history of providing quality vehicles to Butler area residents, and is eager to help new customers find great new and used vehicles.
