Cheap Vehicle Insurance, Tip Six for Getting the Best Used Car Insurance Rates
Here is tip six of six on keeping your auto insurance rates low while looking for a used car.
6) Remember That Your Car Isn’t Worth as Much as a New One, and Adjust Your Risk Accordingly. With any car you buy, stay on top of the blue book value. Why? Because that’s the rate you can sell the car for, and as it depreciates, you need to keep that value in mind. With used cars, it’s very easy to pay more than the value of the car in insurance.
For example, comprehensive insurance makes a lot of sense of a shiny new car, no matter what it costs. But if you just roll some junker off the lot for a thousand dollars, comprehensive insurance makes no sense.
Similarly, look at your insurance and tweak your risk to the company. For example, if you think you can afford a higher deductible, ask for one. It will lower your overall rates.