• Lowering your premiums when buying a new car

  Filed under Guide
  Feb 11

  

  In a nutshell, it boils down to this: BUY A CHEAP CAR.

  Now, we’re not saying that you skip out on quality and modern features, it’s just a fact that the cheaper car that you buy, the lower your auto insurance premium will be.

  Why?

  One is maintenance, repairs and spare parts. The more expensive the car you’re buying, naturally the cost for its maintenance, repair, and spare parts go up, which your auto insurance policy will have to take into consideration.

  Another is, especially in the case of sports cars, is that the power under the hood, while translating into greater speed, also translates into worse car accidents. Statistics have shown that people with fast and more powerful cars are more likely to get into accidents compared to motorists sport less sports vehicles.

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