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Things you need to know about the insurance of a car.
Like the purchase price of a car, car insurance rates are affected by the years. The age of the car you want to buy can have an impact on the cost of the insurance.
It is considered that new car insurance tends to be less expensive than new cars, but the fact is that used cars can be as expensive to ensure as new cars, even more, and there are several factors:
The level of risk
When it comes to buying a used car, the level of risk for the driver can be much more important than the year of the vehicle. For example, if a driver owns an older Lamborghini and drives it on the road at very high speeds, he will probably pay more than the driver of a new Toyota Corolla that only uses it to go to his job, since the odds of an accident They're lower. If the driver of the first example adds performance-improving modifications, or has a lot of claims from the insurance, then your rate may go up even further.
On the other hand, brands and models that tend to attract prudent drivers are cheaper to secure. This includes SUVs and minivans. Safer brands and models involve fewer accidents, which means less property damage and claims payments for insurance companies.
Cars likely to be stolen
Insurance companies will consider in their rates how often a vehicle type is stolen. If a second-hand car is prone to theft, then the insurance cost is likely to increase.
Sometimes a model car ultimate is not necessarily what the thieves are looking for. Rather, they like to steal cars with pieces that don't change over the years, as they can be sold without having to worry about selling a whole car. This is why the most stolen cars are the Tsuru, the Ford pick-up and the Volkswagen Jetta.
Newer cars can be attractive, but each day they are improving in security and already have GPS systems or anti-theft devices.
The security
Cars that have high safety ratings usually do a good job of protecting their drivers, and fewer accidents and injuries, the cost of insurance decreases. With more reliable vehicles, companies feel confident that medical injury payments will be minimal.
Insurers take this factor very seriously, so they offer discounts for vehicles that have safety features. Volkswagen Jetta, Honda Fit, Seat León and Volkswagen Vento are some of the safest cars.
How to save on insurance premiums
Now that you know that insurance for new and seminew cars can be equally costly, there are ways to save money and secure a used car. For example, did you know that you are entitled to a rate reduction? As long as you ask the right questions. Check out some ways you can save on insurance.
Choose the coverage you need
Another way to save money by securing a refurbished car is to buy only the coverage you need. This means buying the Civil liability, although the protection is minimal.
Deductible
Many people believe that insurance will run with all the expenses of an accident, but the truth is that you will have to repay some of your pockets, perhaps the percentage is minimal, but if your car requires a repair of 50000 pesos, you will have to pay a deductible Approximately 5%. If you think you can handle most of the repairs or losses, you will decrease the insurance rate. Be careful not to increase too much because it could be counterproductive if in a claim you are the main responsible.
Conclusion
The number of factors that are being calculated for the insurance premium implies that it is possible that a preowned car has much more cost to ensure it than a new one. However, there are always several option
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Like the purchase price of a car, car insurance rates are affected by the years. The age of the car you want to buy can have an impact on the cost of the insurance.
It is considered that new car insurance tends to be less expensive than new cars, but the fact is that used cars can be as expensive to ensure as new cars, even more, and there are several factors:
The level of risk
When it comes to buying a used car, the level of risk for the driver can be much more important than the year of the vehicle. For example, if a driver owns an older Lamborghini and drives it on the road at very high speeds, he will probably pay more than the driver of a new Toyota Corolla that only uses it to go to his job, since the odds of an accident They're lower. If the driver of the first example adds performance-improving modifications, or has a lot of claims from the insurance, then your rate may go up even further.
On the other hand, brands and models that tend to attract prudent drivers are cheaper to secure. This includes SUVs and minivans. Safer brands and models involve fewer accidents, which means less property damage and claims payments for insurance companies.
Cars likely to be stolen
Insurance companies will consider in their rates how often a vehicle type is stolen. If a second-hand car is prone to theft, then the insurance cost is likely to increase.
Sometimes a model car ultimate is not necessarily what the thieves are looking for. Rather, they like to steal cars with pieces that don't change over the years, as they can be sold without having to worry about selling a whole car. This is why the most stolen cars are the Tsuru, the Ford pick-up and the Volkswagen Jetta.
Newer cars can be attractive, but each day they are improving in security and already have GPS systems or anti-theft devices.
The security
Cars that have high safety ratings usually do a good job of protecting their drivers, and fewer accidents and injuries, the cost of insurance decreases. With more reliable vehicles, companies feel confident that medical injury payments will be minimal.
Insurers take this factor very seriously, so they offer discounts for vehicles that have safety features. Volkswagen Jetta, Honda Fit, Seat León and Volkswagen Vento are some of the safest cars.
How to save on insurance premiums
Now that you know that insurance for new and seminew cars can be equally costly, there are ways to save money and secure a used car. For example, did you know that you are entitled to a rate reduction? As long as you ask the right questions. Check out some ways you can save on insurance.
Choose the coverage you need
Another way to save money by securing a refurbished car is to buy only the coverage you need. This means buying the Civil liability, although the protection is minimal.
Deductible
Many people believe that insurance will run with all the expenses of an accident, but the truth is that you will have to repay some of your pockets, perhaps the percentage is minimal, but if your car requires a repair of 50000 pesos, you will have to pay a deductible Approximately 5%. If you think you can handle most of the repairs or losses, you will decrease the insurance rate. Be careful not to increase too much because it could be counterproductive if in a claim you are the main responsible.
Conclusion
The number of factors that are being calculated for the insurance premium implies that it is possible that a preowned car has much more cost to ensure it than a new one. However, there are always several option
