Affordable Car Insurance Rate – New and Old Cars

With the various different kinds of insurance today - health insurance, life insurance, home owner insurance - is it any wonder that when it comes to car insurance we want to get a cheap car insurance rate? No. The good news is there are ways for you to get an affordable car insurance rate, whether you are in the market for a new car or are looking for car insurance for the car you already own.

If you're in the market for a new car, there are a few things you should take into consideration before you seal the deal. Car insurance companies are more likely to give affordable car insurance rates for vehicles that are both low profile and safe. It always helps to live in an area that is considered low crime, but most of us aren't going to pack up and move simply to get an affordable car insurance rate. So, when you browse the car lot, look for cars that have many safety features, are sturdy enough to avoid expensive repairs, and aren't likely to be stolen or burglarized. You may want to do some research about the particular cars you are interested in before you visit the dealership.
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If you already own a car, there are still some tips for getting an affordable car insurance rate. You can make some safety changes to your car, as well as add anti-theft components. You can also take a look at your driving style. Have you been in several automobile accidents? Do you tend to get traffic citations pretty regularly? If so, you will need to start driving more cautiously in order to eliminate car accidents and citations, thus getting an affordable car insurance rate, as well as saving money and lives.

Whether you plan to purchase a car next week, or you have had your car for several years, there are ways to get a cheap car insurance rate.
Tip! Do not expect low prices for vintage cars and hybrid cars. It is a given fact that they ought to be that way—expensive, even if these are seized cars already.

Visit our recommended company to learn more about the following:

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Cars and Credit Reports

The Problem

I was driving home from the store the other night when I noticed a license plate that made me laugh to myself and then I proceeded to feel sorry for the poor sap driving. The plate read "0 DOWN". It was a white, shiny, new Ford Explorer (probably an 06'). Here's what really got me about the caption: Not only did this consumer purchase a brand new vehicle with no money down, but he was proud of it. DUMB! Commercial advertisements and society as a whole embeds the "Buy Now, Pay Later" method into our heads and it works so well that around 90% of all consumers who purchase new cars do not put $5 down on the vehicle before signing the papers. The sad fact is, is that the average new automobile loses $3,000 as soon as it leaves the lot. Technically, you have gone into debt for something that loses value before you even use it. As if this wasn't depressing enough, the less money you put down on a car and the worse off your credit is, the more you pay for the car. If this isn't one big sand trap I don't know what is!
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The Role of Your Credit Report

Your online credit report is affected 2 ways when you buy a new car with no money down. First let's look at the role it plays after you decide you NEED that shiny new sports car. The mass majority of consumers are thinking of one thing when they sit in the 'sales chair' to go through the paperwork: driving the car home (man this is bringing back some bad, bad memories). In order to do this you will need to finance the vehicle which requires pulling up your credit history and your credit report. This can easily be done online right in the sales office while you look around to make sure no one else tries to sneak off with your new toy. The worse off your credit report is, the higher interest rate you will pay. (This is fine though as long as you can still afford to buy food every other week and pay a few bills here and there.) The other role that your credit report plays in this game is the after-effect. The average new car buyer's car payment is 25-30% of their total income. This creates a nice, big road block on your credit report in itself for when you are ready to make another large purchase. Not to mention when you fall behind on even one payment and your credit file takes a hard blow. Try to keep these factors in mind next time the kid in you tries to make a financial decision.
Tip! Most of the seized car auctions run a preview of the seized cars for sale at least two days before the actual auction. This is the time when you can get really close to fully inspecting the vehicle.

The Solution

Well you're not going to like the best solution but here it is anyway: PAY FOR THE CAR IN FULL! If you saved the car payment every month in a good money market account; not only would you save time and money, but when you walked into the sales office with piles of hundred dollar bills you would get quite a deal! Okay, so you're more likely to win the super lotto than do that right? Well here are a few ideas. As long as you practice a few you might get ahead of this nasty game a little bit or at least protect your online credit report. First, consider getting a 2 or 3 year old car. You can still get a shiny one and the previous owner will have taken the major depreciation of the vehicle passing the savings directly to you. Second, if you can, try waiting and searching to find the best deal possible. Trust me, there is more than 1 of those cars in the market. Third, put something down. Anything! For starters you could put down 10 to 15%. This will lower your monthly payment, lower your interest rate and maybe even cut your payoff time down. Lastly, get a bargain. Don't settle for the asking price by any means. Be patient and keep control of your focus. One definition of maturity is learning to delay pleasure.
Tip! Bring someone with expertise on automobiles. He will help you decide appropriately especially if you don't have enough knowledge with regards to cars.

To read more about how you can get your online credit report free with no obligations, see what is on your file and find out how to fix your credit report go to http://www.cleancreditonline.com

Tom Justice is the webmaster for Clean Credit Online and does all the designing, marketing, SEO and maintenance the site. He has a passion for personal finance and how the economy and consumers are affected by money. To see how you can use Clean Credit Online to help you with your personal finances please visit http://www.cleancreditonline.com "Cars and Credit Reports" - © (2005) Reprinting is allowed assuming all content is left the same.