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How to Save Money on Car Insurance: Buying a New Car

Buying a new car is exciting, but it can also be costly. Because a new car is already expensive, we’re here to help you get affordable car insurance! Here are some tips to help you save money on auto insurance when buying a car.



Before you buy your dream car, research how much it will cost to insure it. Insurance rates vary depending on the make, model and year of the vehicle. Factors such as buying a car with safety features, low repair costs and low theft rates will save you money on insurance.


Choose an affordable vehicle

Choose a car that is cheaper to insure. Expensive or high-end cars will have higher insurance premiums than more affordable options. Buying a compact car, sedan or family-friendly SUV will help you save money on insurance.


Bundle your Policies

Bundle your auto and home insurance. If you have a homeowner or tenant policy and you purchase your car insurance from the same provider, you might be eligible for a discount. Ask your Sharp broker about bundling your insurance policies to receive a discount!


Driving Record

Good driving record. Having a clean driving record with no accidents, tickets or DUIs will help reduce insurance rates. Ask your Sharp broker about first-time accident forgiveness or minor conviction waivers. These ensure that if you get a minor ticket, it won’t result in higher insurance premiums. Many insurance providers also offer discounts to drivers who have taken defensive driving courses.


Increase your Deductible

Increase your deductible. Choosing a higher deductible can lower insurance premiums. Keep in mind though that you will have to pay this amount out of pocket in the event of an accident or loss.


Group Insurance

Group insurance discounts. Sharp insurance offers discounted rates to some organizations and associations through its Group Home and Auto Insurance Program. Find out if your workplace or a group you are a part of has group insurance. If you’re a decision maker at an organization and would like to set up a group insurance partnership with Sharp to get your employees or members discounts, please give us a call at 877.218.2008 or click here for more details!


Call a Sharp Insurance Broker to Shop Around for You

Use a Sharp broker. Shopping around for the best deal is ideal, but it can be time consuming. If you want to ensure that you’ll save money on insurance for your new car, use a brokerage like Sharp Insurance. Sharp gets you quotes from multiple insurance providers to ensure that you are saving money. Prices can vary by hundreds of dollars per year, and Sharp’s brokers know which questions to ask regarding your new vehicle’s safety features, your driving record and other factors that may play a role in getting you a discount. Click here to get a free quote from a Sharp Broker.


To summarize, it helps to research insurance costs before purchasing a vehicle. Choose a less expensive car, or one with more safety features. Always remember to bundle policies, maintain a clean driving record, increase your deductible, ask about group insurance and request a quote from a Sharp broker to get the best deal. Taking these steps can save you money on car insurance, leaving you with more money in your pocket for what really matters!


For more tips on how to save money on insurance, please follow Sharp Insurance on Facebook, Instagram and LinkedIn.