Jul 7, 2011
Planning to buy a car? Be careful when you budget for insurance payments, because that new vehicle might save you money. Almost every new or certified pre-owned vehicle will cut your insurance premium. Insurance companies consider the make, model, and year when setting your price—and if you purchase your pre-owned car from an authorized dealer, that can translate to a substantial savings. New or recent vehicles have features like anti-lock brakes, airbags and anti-theft devices that will also cut your monthly bill.
Ask your insurance agent for details. And by the way, if you want a red car, buy it—contrary to what you might think, it won’t make your insurance go up!
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