Often times when buying a used or a new car, buyers will calculate their budget for the car and determine their highest monthly payment rate.
What is overlooked however, is how much the car insurance will cost on the new or used car that you are buying.
Sometimes, the cost of insurance can make or break your ability to purchase a car.
Factors the effect insurance price:
The type of car – Your insurance premium will be higher if you are buying a luxury car, a sports car, or a car that is high on the theft list.
Anti-Theft devices – If there is an alarm or other anti-theft device on the car you can usually get a discount.
Where your car is parked - The location that your car will be parked can make a difference in how much insurance you pay.