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Can
you afford car insurance?.. doesn’t matter – it’s the law!
Okay… so you’re looking into trading in that old bucket of
bolts and upgrading to a later or even a brand new model!
You’ve done your homework. You have your Kelly Blue Book
right there at your side. You’re prepared to fend off the
dealer’s ups. You know what you can afford and, more
importantly, what you should pay for your next car.
Oops! Forgot all about insurance. Didn’t even factor
that in. Now what?
Hmmm… do I obtain minimum coverage?.. full coverage??...
uninsured motorist’s… underinsured motorist’s???...
and what’s it all going to cost me?
Well, let’s see! You know your personal driving record
will affect your premium. Have you had an accident? How
long ago was it? Was it your fault? Were you cited? Do
you have speeding tickets? How about any other moving
violations?
How
will your vehicle pre-choice fare in the insurance premium
wars? Yes, the car you purchase will definitely influence
the premium you pay.
If
you haven’t purchased a car OR insurance in a while,
here’s something I’ll bet you didn’t’ know.
HOW’S YOUR CREDIT RATING?
Uh-huh! If your credit rating sucks, so will your
insurance premium.
With
that being considered, it should motivate you to obtain a
copy of your credit report. You get one free per year for
each of the major credit reporting agencies. While you’re
at it, it may be a good idea to also obtain your credit
score.
These days buying anything that requires obtaining credit
must meet the qualification criteria litany. That litany
is forever changing.
There are two major purchases one makes in life – two “big
ticket” items. One is actually considered more than an
asset – it’s considered an investment. That is your
home. The other will never be worth more tomorrow than it
is today (with few exceptions). And that’s the family
car. Is the total expense you’re about to incur
commensurate with the value of that which you’re
considering buying? Think first! So many make the
mistake of neglecting the total cost of car shopping and
buying. Don’t be one of them.
This
way you can sleep at night!
There are a myriad of
insurance choices out there, many of which actually
offer competitive rates, speedy claim processing and
terrific customer service. My advice: shop before you
shop. In other words, before you hit the dealer or
private car seller, line your ducks up. This way you’ll
experience no quack-ups! (Did I really just write that?)
© Doc Phillips
Productions | All Rights Reserved
About the
author:
Doc
Phillips is an internet entrepreneur who currently has 4 websites online which
he designed, built and maintains. His latest site is called “Buying a car?
Read this first!” and can be found at
http://carbuyingtips.docphillips.com . You may also want to see
http://www.docphillips.com and
http://www.agiftrack.com two more of Doc’s sites. |
