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5 best ways to cut insurance costs

Life Insurance » 5 Best Ways To Cut Insurance Costs

Auto: Is your new car an insurance hog?
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Auto: Is your new car an insurance hog?

Most people buy car insurance backward: buying the car and then considering insurance costs. That can be costly.

"Before you buy, compare insurance costs for different cars," says Claire Wilkinson, author of the Terms + Conditions blog for the Insurance Information Institute. "Their insurance costs vary, based on the likelihood of theft, etc." Once you know your insurance costs, you can ask yourself another key question: Is it within my budget?

After kicking a car's tires, check out its safety at the Insurance Institute for Highway Safety's website, says Griffin. "In most cases, (having a safer car) will lower your insurance costs," he says.


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