It would be nice to be able to buy the first vehicle you fall in love with when you’re shopping for a new car. However, finances play a big role in your decision and not just in terms of buying something within your budget. You’ll have to consider the costs of car insurance in Rockford as well, or you may end up suffering sticker shock in another way.
Consider Your Credit Rating
If you’re buying a new car, you’ve probably already checked out your credit score and determined that it’s good enough to get approved for financing. Even if you have a fair rating, you can help yourself by trying to raise your score a little higher. Increasing your score by just a few points can help you get a lower interest rate on your loan, and insurance companies will also offer you better rates.
Consider the Type of Car You Buy
The rate you’ll pay for car insurance in Rockford will also be determined by the type of car you buy. You may already know that insurance companies charge more to insure red cars and trucks, but there are other types of vehicles that are considered greater risks. For example, you should expect to pay more to insure any type of sports car. Before you buy your next car, talk to an agent to find out what models or body types to avoid.
Consider a Higher Deductible
Look for other ways to get a break on insurance. Paying a little extra upfront for added safety features will save you more on insurance. You can also raise your deductible. If you do get in an accident, you’ll have to cover that higher deductible, but it can save you more over a longer period of time.
You can also save money on your auto insurance by visiting Insured ASAP Insurance Agency online.
