Auto Insurance Co. Provides Car-Buying Tips

Man selling woman car

Purchasing a vehicle is a major decision and, with a wide range of models and costs, it can be difficult to decide which may be best.

The Hartford Financial Services Group is reminding consumers that a car can end up costing much more than the price tag indicates.

Auto insurance is one area in which costs can vary significantly depending on vehicle type.

The Hartford reminds motorists that, generally speaking, vehicles that are more expensive to purchase are also more expensive to insure. Additionally, they warn that some insurers charge more to cover vehicles that are more prone to theft.

The National Insurance Crime Bureau says that the 1994 Honda Accord was the most stolen vehicle last year. Overall, there were more than 794,600 reported vehicles stolen in 2009, down from more than 956,000 in 2008.

Furthermore, the Hartford says motorists should take into account gas mileage and cost of inevitable repairs before buying a vehicle. Vehicles that are more expensive to buy and repair are also likely to be more expensive to insure.

Some companies will give cheaper insurance rates to customers who have anti-theft and safety devices installed in their vehicles. It’s always best to check with an auto insurance provider to see what discounts a motorist may qualify for.

About John Pirro
John Pirro is a licensed fire and casualty insurance agent specializing in various aspects of the auto insurance industry. He worked in the auto body repair industry before taking a reporting position at Online Auto Insurance News.

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