10 Steps to Buy Car Insurance for a Used Car

How to Buy Car Insurance for a Used Car > 10 Steps to Buy Car Insurance for a Used Car

Most states require minimum levels of automobile insurance for any car, whether it is new or used. The goal when buying car insurance for a previously owned car is the same as when you are shopping for insurance on a new car. You want to protect yourself from any liability should an accident occur. The insurance premiums and deductibles for your used car will likely be less than they would be for a new car. Buy car insurance for a used car by shopping around for the right coverage and cost for your budget and vehicle.

Step1: Buy a used car that is safe. A vehicle's history will play a part in how insurers determine its risk.
  • Review the car's history, particularly whether it has ever been in an accident or required extensive repairs. Being prepared to answer these questions for an insurer will save you time and surprises.
  • Check the statistics on the safety of your used car's make and model. Most insurance websites use their claims data to rate the risk of most car models. For example, you can find this information on State Farm Insurance's website, www.statefarm.com.
Step 2: Maintain a safe driving record. Avoiding speeding tickets, traffic fines and accidents will help you get a better rate when you shop for insurance for your used car. Your car insurance company will have access to this information too, so you want to be prepared.
  • Take a driver's safety course if you have points on your record, or pending actions against you.
Step 3: Decide who will be driving the used car. Premiums will often be more expensive for young males under the age of 25. If you have teenagers or young adults at home who will be using the car, it might cost you more.

Step 4: Consider how much physical damage coverage you need. A pre-owned car often does not require high amounts of collision or comprehensive coverage because they are not worth as much as new cars.

Step 5: Look for a plan with a higher deductible if you prefer to keep your premiums low. The deductible is how much you have to pay before your insurance contributes.
  • Consider skipping repairs on your used car if the damage is cosmetic and not mechanical. This will save you money, especially if you have a high deductible, and keep your insurance rates lower.
Step 6: Choose a plan with a lower deductible if you do not mind paying a higher premium. This will ensure you are able to affordably repair your used car any time there is an accident, whether the damage is cosmetic or mechanical.

Step 7: Research insurance companies and plans. Work with a local agent, or start with an insurer you have used in the past and compare their rates to other car insurance companies.

Step 8: Search for quotes online. There are several websites that allow you to input your personal information as well as information about your used car. The site will assemble several insurance quotes and deliver them to you via email or phone. For example, check www.netquote.com.

Step 9: Prepare to pay more if you live in a city and park on the street. Most insurers believe that cars, even used cars, are safer in garages or in the suburbs.

Step 10: Maintain a good credit history. Many insurers consider your credit history when giving you quotes on automobile insurance.

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