Can You Afford Car Insurance? Doesn't Matter It's the Law!

Can You Afford Car Insurance? Doesn't Matter It's the Law!
By Doc Phillips

Okay so youre looking into trading in that old bucket of bolts and upgrading to a later or even a brand new model! Youve done your homework. You have your Kelly Blue Book right there at your side. Youre prepared to fend off the dealers ups. You know what you can afford and, more importantly, what you should pay for your next car.

Oops! Forgot all about insurance. Didnt even factor that in. Now what?

Hmmm do I obtain minimum coverage?.. full coverage??... uninsured motorists underinsured motorists???... and whats it all going to cost me?

Well, lets see! You know your personal driving record will affect your premium. Have you had an accident? How long ago was it? Was it your fault? Were you cited? Do you have speeding tickets? How about any other moving violations?

How will your vehicle pre-choice fare in the insurance premium wars? Yes, the car you purchase will definitely influence the premium you pay.

If you havent purchased a car OR insurance in a while, heres something Ill bet you didnt know.

HOWS YOUR CREDIT RATING? Uh-huh! If your credit rating sucks, so will your insurance premium.

With that being considered, it should motivate you to obtain a copy of your credit report. You get one free per year for each of the major credit reporting agencies. While youre at it, it may be a good idea to also obtain your credit score.

These days buying anything that requires obtaining credit must meet the qualification criteria litany. That litany is forever changing.

There are two major purchases one makes in life two big ticket items. One is actually considered more than an asset its considered an investment. That is your home. The other will never be worth more tomorrow than it is today (with few exceptions). And thats the family car. Is the total expense youre about to incur commensurate with the value of that which youre considering buying? Think first! So many make the mistake of neglecting the total cost of car shopping and buying. Dont be one of them.

This way you can sleep at night!

There are a myriad of insurance choices out there, many of which actually offer competitive rates, speedy claim processing and terrific customer service. My advice: shop before you shop. In other words, before you hit the dealer or private car seller, line your ducks up. This way youll experience no quack-ups! (Did I really just write that?)

Doc Phillips is an internet entrepreneur who currently has 4 websites online which he designed, built and maintains. His latest site is called Buying a car? Read this first! and can be found at http://carbuyingtips.docphillips.com . You may also want to see http://www.docphillips.com and http://www.agiftrack.com two more of Docs sites.

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