Whether you’re dealing with rusty hand-me-downs, the parents are financing your dream motor or you’re a legitimate first-timer, purchasing your first car can cause a lot more hassle than it’s worth. Insurance will be the biggest chunk of your financial budget, and you’ll have to decide what options are best for you and your car, from all inclusive cover to third party fire and theft.
Choosing the right car can mean the difference between having some cash left over at the end of the month, and burning all of your money on petrol. First things first – don’t choose a high-powered engine! Powerful, luxury cars are extremely expensive to insure, especially for first-time drivers. Buying a car with a smaller engine size may mean less power beneath your feet, but you’ll be left with more money in your wallet. To narrow things down, it’s best to look for 3-door, 1-litre motors that will be placed in the lowest insurance groups. The likes of this kind of motor vehicle can be found at an Indianapolis Ford Dealer, namely Ray Skillman Ford. In order to find the right 3-door and 1-litre motor for you, you can speak with their sales representatives, who would be able to help you out with the right guidance.
Your insurance will also depend on the value of your car. If you buy a brand new high-spec car, it will reflect on your insurance quote. These types of motors are classed as high risk, however, if you go in for a second-hand car that’s cheap, it will benefit your pocket. If you’re looking for a brand-new car, car finance allows you the freedom to select a new motor without killing your bank balance.
The minimum amount of cover you can get is third-party fire and theft. Covering you for damage to other people’s property and injuries you may cause to them makes it a winner for first-time drivers. It will also cover you for damage caused by fire or theft to your car, however, it does not cover any accidental cover.
Purchasing a car should be done after evaluating if it meets the requirements you expect from it. Apart from the technicalities, you should see to it that your experience as a driver is pleasant and hassle-free. It should enable you to move about comfortably as and when you need to.
You would especially have to keep this in mind if you have mobility issues. On one hand, if you need certain adjustments to be made to enhance your driving experience, ensure that you bring it to the dealer’s notice to see whether they can make such modifications. On the other, if you research further, you could find cars with hand controls for sale apart from ones that offer options for seat height adjustments, ramps for wheelchair-bound drivers, installation of swivel seats, and more. Keep in mind that a car is an investment, and you should get the most you can out of it.
Keeping a clean license is one of the best ways to drive down those insurance costs. Avoiding penalty points and convictions will benefit your license in the long run, as it will cost to insure your vehicle if you’re classed as a high-risk driver. Driving under the influence of alcohol will endanger the people around you, as well as cause insurance companies to blacklist you from cover.
Moreover, DUI can lead to legal action against you, for which you may have to get help from a criminal defense law firm similar to Goss Law (learn more at https://www.goss.law/). In those circumstances, you might skip jail time under the guidance of a professional lawyer, but there could still be a possibility of license suspension and a fine. So, avoid such incidents at all costs. By staying accident-free for the duration of your insurance coverage, you’ll be able to gain a ‘no claims bonus’ when renewing your contract, allowing you discounts on your premiums.
Pay in full
In order to access the lowest car insurance prices, it’s recommended that you pay your cover in full, instead of instalments. It may be expensive, but you’ll benefit from not having another monthly outgoing.
We’ve all got a boy (or girl) racer in us, but keeping your car simple will keep your payments tidy too. By adding modifications to your car, your insurance will have to reassess your cover and will most likely increase your payments to match your motoring extras, making spoilers and turbochargers a bad idea.