subject: Don't Pay So Much for Used Auto Insurance [print this page] Don't Pay So Much for Used Auto Insurance
Did you realize a new car loses thirty percent of its value the minute it's driven off the lot? This hefty amount of depreciation plus the high cost of purchase makes people more prone to buy a second hand car instead. Can used auto insurance be the same as new? Actually, used car owners would pay less on their premiums, although there is not that much difference when it comes to used and new cars and their corresponding auto insurances! Liability will be definitely not affected, though. Cost won't really be affected when the car causes any damage since it won't matter if the car will be used or not, since they still inflict the identical quantity of damage.
There won't too much value relating to the used cars, since they will be greatly depreciated. This may perhaps translate to reduce premiums again, especially when discussing collision and comprehensive insurance. Don't you think that's great? Not only do you pay less upfront for the car and you pay much less for its insurance premiums! You could also opt to raise your deductibles with an older car. There are only just a few times you can buy an older car in top condition. There tend to be cosmetic problems like a dull paint finish, bumps, and in many cases rust spots when you buy a second hand car. If an accident does occur, the damage might be of a type that might probably not affect the vehicle or something that the owner can afford on his own. In that case, why pay for a higher deductible on the insurance premium?
Another way to shave off expenses could be choosing your car well. When the car has been rated as "safe" for most insurance offerers, lower premiums will automatically follow no matter what age the car is. High performance cars preferred by road racers will guarantee higher costs, though, regardless of how safe they would be in actuality. The driver himself, though, affects the fee of those premiums exceeding anything else can. So, clean up your driving record and avoid getting any tickets or being involved in any crashes.
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