Squeezing the Most Out of Your Auto Insurance

One must always have auto insurance if he or she expects to drive on public highways legally. Whether it’s AARP insurance or any other coverage, it is vital that you take steps that will help you reduce your car insurance premium. Taking these steps can help you reduce your premium by at least thirty percent. Let’s examine three steps that  will assist you in getting the best deal with an automobile insurance company when you check auto insurance quotes and rates.

Auto Insurance Quotes

A reputable insurance company will always be more than happy to give you a quote over the telephone. You should get several price quotes from insurance companies in your area. This simple step will can assist you in securing the best deal for your budget. This simple step will also allow you to see if your present insurance company has your best interest in mind.

Car Insurance Calculator

A car insurance calculator can help you compute the total costs of your car insurance. You can purchase this special calculator in a retail store. You also have the option of using a free online car insurance calculator. Using this calculator can help you select or dismiss benefits within your package.

Ask for Discounts

Reputable insurance companies are well-known for offering discounts to their favorite customers. For example, you may be given a discount for being a safe driver over a specified period of time. You may also be given a discount if you have an anti-theft device on your car. Asking for discounts can put you in a position to reduce your monthly premium significantly.

It is mandatory for you to have auto insurance in order to drive legally on public roads. It is important for you to take steps that can help you save money on your auto insurance. Following the three steps listed above can help you get a good deal on your car insurance.

Things to Consider When Buying a New Car

Buying a new car can be a fun, yet challenging, experience. There is nothing like sitting in a new car and smelling the fresh leather of the interior. However, it can be tough buying a car because you have a sales person hovering by you saying anything they can to make the deal happen. Here are some things to consider if you’re in the market for a new car.

Negotiate The Price

The first thing you have to do when buying a new car is negotiate, negotiate, negotiate. Everything is negotiable, and don’t think you have to fall for the sales person’s car offers. I suggest that you only offer out the price you are willing to pay,
not what the dealer wants you to pay. And make sure you negotiate on price, not other features, like financing.

Be Smart About Financing

Speaking of finance, make sure that you are being smart about the financing deal. Many dealers and car salesmen will pitch you on a monthly payment – but that may not be a great deal. Salesmen know they can get to any monthly payment, but they do it by stretching out the loan, charging higher interest rates, or more. The bottom line is that you, as the buyer, probably don’t get the best deal.

Don’t think you have to get a car loan from the dealer either. In fact, many banks and credit unions have great offers on car loans right now, so you should shop around to make sure that you get the best loan terms possible.

Don’t Fall For Extras

Finally, don’t fall for the extra add-ons the salesman will try to sell you. These include longer warranties, scratch protection on the paint, or more. First, many of these you don’t really need, especially when it comes to the warranty. Second, for
the other add-ons, if you do want them you will probably get a better price doing it yourself at an after-market shop than the dealership, which will charge you more.

The Finances of Shopping for a Car

Buying a car is usually a difficult experience. From haggling on price, to making sure that it’s not a lemon, there are so many different factors to consider. But then, once all the basics are covered, you have to figure out the finances of it. Are you going to buy or lease? If you buy, are you going to pay cash or look for car loans? Then what about after you own it? There are so many factors to consider, so here is a breakdown to give you some food for thought.

Buy or Lease?

The first question is should you buy or lease the car? Buying is usually the better option, especially if you are going to own the car for a long period of time (5 years or more). Leasing can sometimes be a good option if you don’t plan on keeping the car, but you need to be careful about fees, such as excess mileage. These fees can unexpectedly make leasing a much worse deal than buying.

If you buy you have to decide if you are going to pay cash or get a car loan. Most people do get a car loan, but you should really think about the cost of getting one. Many dealers try to sell you loans based on monthly payments, but what they don’t tell you is that the loan period could be for 5 years or longer, and you could end up paying a lot more interest than you intended. Make sure you read and fully understand any financing you get for your vehicle.

Insurance

The next thing to consider is insurance. If you get a car loan, or have a lease, you will most likely be required to maintain a basic level of insurance. Also, in most states, you are required to maintain a basic level of insurance as well.

When getting insurance, you have a few basic options, including basic liability, collision, and comprehensive. You should take into consideration the value of the car whenever you are looking at insurance, and don’t over-insure your vehicle.

Also, if you have a loan or a lease, you may want to consider gap insurance, which can cover any difference in cost between the value of your car and what you owe on your loan or lease, should the car become totaled in an accident.

Maintenance Plans

Finally, every car dealer tries to sell some type of maintenance or care plan with each car they sell. These plans are usually not worth what you pay up front, but they can provide peace of mind.

These plans usually offer maintenance or repairs. The maintenance plans will cover basic maintenance up to a certain mileage, such as oil changes and tire rotations. The repair plans will cover a myriad of repairs for covered parts up to a certain mileage or year as well. Just make sure that you read through the plans and see what is included before you assume anything.