It seems like you've spent all day and half the evening wrangling with the car salesman trying to buy a car and get a loan with affordable monthly payments.
But you didn't figure on your car insurance. So now you're paying for your car but you realize that it costs a lot more than you figured just to keep it on the road.
If you could go back in time maybe you would have bought a different car - one of the cheap to insure cars.
To prevent this from happening next time you can make sure that you have a pretty good idea of all the money it will cost for your next vehicle before you even step into the showroom.
As far as insurance goes, dollar claims for economy cars are a lot lower than they are for sports cars. Makes sense, too. If you buy a powerful car you probably want to use that power. And if you get into an accident it will cost more to repair a high performance car than it does to repair an econobox.
Sometimes parts have to be ordered from foreign countries. Even standard parts might not be available from local repair shops.
Other cars might not get into a large number of accidents, but when they do they cause a lot of damage to other cars. This can result in having to pay large amounts of money for liability coverage for the car.
And some cars are almost like catnip for cats. They're like bait for auto thieves. And the insurance companies will charge you more for theft coverage for these cars than they would for others. And we're not necessarily talking about exotic sports cars here.
There are other factors, like your age, driving record, where you live, your gender, and so on, that affect your bill. But you knew about that already, didn't you?
You can save a lot of money and keep your new car on the road if you look into which cars are cheap to insure before you buy your next vehicle.
