When you're shopping for a new car, selecting one that has safety features and is within your budget ensures you are pleased with the purchase. However, while the model of the car is important, you should also consider any new insurance needs during the process. Here is a brief overview of how to maximize your protection for the lowest rates.

Can Certain Features Lower Your Auto Insurance Rate?

The amount you pay as a premium each month depends on your risk. This means that if you are planning to buy a brand new sports car with a powerful engine, you will pay more each month for the policy. This is because your provider will assume that you have a higher risk of an accident. On the other hand, many people believe that purchasing a mid-sized vehicle with the latest safety features will result in a lower premium.

While some insurance providers offer discounts for safety features, such as anti-lock brakes, advanced elements in cars can also increase your monthly bill. This is because blind-spot warning, lane-keeping assist, and automatic emergency braking systems are more expensive to repair. This higher expense is reflected in your rates, as it ensures the coverage is enough to repair the vehicle after an accident. 

What Should You Do When Transferring Insurance to a New Vehicle?

Before finalizing the purchase, contact your insurance agent. They can inform you of discounts or credits that apply to the new vehicle that will help you lower coverage costs. Next, consider expanding your coverage so that it is fully protected. For example, if you only have the minimum liability coverage for an older vehicle, upgrading to collision and comprehensive policies will protect the investment.

Also, consider adjusting the deductible. A higher deductible means lower monthly premiums, which is beneficial if your insurance rates increase based on the car you purchase. However, you must have the deductible set aside if an accident occurs, otherwise you won't receive the funds to repair the car. Deductibles typically range from $500 to $1,500, so choose the amount you are most comfortable paying. 

If you need help securing insurance for your new car, contact Accredited Insurance Group Inc. in Omaha, NE. This independent agency works with a variety of leading carriers to find the best policies at the most affordable prices. They also offer multi-policy discounts when you bundle your coverage. Visit the website for more information about their services, and call (402) 334-1780 to request a quote.