Auto: Is your new car an insurance hog?3 of 7Most 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, vice president of global issues at 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.<< Back to "Ins and outs of insurance" Related Articles:Sign up for Bankrate newslettersLife insurance calculatorLearn insurance termsRelated Links:Health care reform in 2010How to pick car insuranceAnnuity calculatoradvertisement
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, vice president of global issues at 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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