Used cars are in high demand these days because they allow people to get on the road for less money. Though the investment in a used car may be less, purchasing the wrong type of vehicle can negate this savings. Have you wondered how to find the cheapest car insurance when purchasing a used car? It involves thinking like the car insurance company.
Claims history is a major factor in determining car insurance rates. Used cars that have a high incidence of theft are expensive to insure due to increased risk of claims. The same is true for cars featuring a high repair rate or those that are prone to accidents. Look for reliable cars that are not on the most-stolen list published by the National Insurance Crime Bureau.
Just because a car is used does not mean it is inexpensive. An expensive used car will probably be costly to insure. Some companies will not insure extremely expensive cars or vehicles that are no longer being produced. Look for an inexpensive used car that falls within your budget because it should be cheaper to insure.
The driver is another factor determining car insurance rates. Single males under age 25 encounter the highest rates because they are most accident-prone. Geographic location can also impact rates. For example, New York has some of the most expensive car insurance rates in the country. Drivers found at fault in multiple accidents should also expect to pay more for car insurance.
Being a careful driver and living in a rural area increases the chance of getting cheap car insurance. In addition, look for a used car that the insurance company has had good experience with, particularly a domestic car whose replacement parts are inexpensive and easy to find. Cars with small engines and two-wheel drive are often the best bet.