Car Buying Guide - II

Earlier we talked about the importance of doing your research and getting you started on putting together the all important information folder that you will ultimately use at the dealership... and getting this done ahead of time and before you actually get out amongst the sales people.

This time we're going to stay somewhat on the topic of researching car information... but just a bit indirectly.

We're going to talk about something now that will directly affect your budget and your pocket book and therefore should be very much a part of your researching module and be kept in your folder.

This particular mistake falls under the "Ooops... I just blew my budget" category and although perhaps not directly related to hammering out your next best new car deal, not knowing what the affect your new car is going to have on your monthly car insurance cost can be a big mistake.

Now granted, when you're all pumped up about getting into your next new car, taking a bit of time to investigate your insurance costs isn't the most glamorous task on your to do list (we will be getting to those soon enough) but, how much your insurance coverage is going to cost you is certainly money out of your pocket just like your car payment.

I am sometimes a bit curious when I talk with people and I bring this topic up and they look at me and go "oh yeah, that's right. I hadn't though about that". Well, you should think about it. Chances are even if you are looking at a used car; if it's still new to you, your insurance will probably go up.

As you are in your initial stages of researching some cars, it's easy to find out how cars are rated by insurance companies. Insurance companies just play the odds and the statistics. By that I mean, if a car is near the top of the list in vehicles stolen, your car insurance is going to cost you more.

If the vehicle type you're looking at is that little sporty model that is fun to go fast in and has a higher rate of accidents, your car insurance cost is going to be higher. If the car you are looking at has expensive replacement parts, your car insurance is going to cost you more.

So, once you've narrowed your car choices down to a chosen few give your insurance agent a call and get a quote and some feedback. In fact, you should shop your insurance around and get more than just one quote rather than just the quote from your agent.

Again, you are the consumer, and it is your money. It doesn't take but just a few minutes to get this done and it could save you money, or save you from making a very expensive mistake.

It's so very easy to get online car insurance or a quote these days and the process doesn't take much time at all. So, add getting insurance quotes to your to do list so you don't get really surprised by what your insurance is going to cost you after you have already bought the car.

Be sure to stop by and check out the details of the whole car buying process and my complete car buying guide.