Used and New Car Insurance Tips | Cheap Auto Insurance
New and used car insurance is something that most people think about when they buy a car, but they don?t really see how they are going to be affected by this. Car insurance, after all, is just car insurance right? This is a notion that is pretty far from the truth. There are huge differences between used and new car insurance, and for those that want to get the most out of their wallet, then they need to consider the differences and which option is going to be the best for them. If not, then they may find that they are in an unhappy situation in which they wish that they had never purchased the car. This is a place in which no one wants to find themselves.
So just what are the difference between used and new car insurance? Used car insurance is for those vehicles that are used, meaning that they have had more than one owner, they are over five years old, and are usually not considered under the manufacturer warranty in most cases. The new car is one that has never been off the lot. Both cars are going to depreciate as soon as the person starts driving them, which is why so many people do not want to purchase a new car. However, with that being said, the person that does purchase a new car is going to find that their insurance premium is a bit higher than the used car insurance premium. And why is this? Simply because most insurer?s look at the new car as being the more expensive of the two to fix. They find that the new car if totaled in an accident is going to cost more to replace since they are basically buying the person something that is brand new. In the same situation, a used car is much cheaper since they have to give the person the equivalent of what they were driving during the accident.
Those that do get used or new car insurance still have the option of getting full coverage. They are going to find that full coverage for a used car though is much cheaper since the person is not driving a brand new vehicle. With that being said, each company is going to take into consideration several other aspects such as the driving history and credit rating of the person that is getting the insurance, thus these can be attributing factors to the difference in price between the types of auto insurance as well. Therefore, the person that is looking to get the lowest rate should make sure that they shop around, whether this is auto insurance for a new car or a used car in order to get the best results that are going to satisfy their wallet the best.
Source: http://www.cheapautosinsurance.org/used-and-new-car-insurance/
cyndi lauper 127 hours 127 hours true grit byu football byu football byu