Insurance - Car appraisals and car buying decision

Insurance – Car appraisals and car buying decision

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Here’s a fact you may not be aware of: The make and model of your car affects your insurance premiums.

When it comes to insurance, car ratings matter. Reviews from major US auto insurance providers say the 2008 Ford 500 and Ford Taurus say they are among the best Fords to hit the road in terms of insurance costs. For applicable bodily injury and property damage insurance costs, both Fords rank first and charge far less than what standard premium rates require. These cars also get discounts for being rated high for damage and theft. However, the Dodge Avenger and Neon are at the bottom of the rung. Driving either will get you no VSD and your insurance costs will be much higher than standard premium rates.

Before you decide to buy a car, learn about the order of your choices in the car ratings offered by your insurance company. Consider ratings and ratings by other providers as well. Knowing the possible costs in car insurance is an important factor in making a sound economic decision. This decision has a direct impact on the amount left in the monthly budget for other needs. Consider the car type and models that will save you the most money from car insurance. Auto-ratings are excellent tools to help you narrow down your choices.

If you are not planning a purchase but are finding it difficult to make your car insurance payments, car ratings help you deal with this problem. You can sell your current vehicle or switch to a more cost-effective make and model.

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