McCurdy Group - Insurance and Financial Consultants

Thursday, April 15, 2010

What Happens to my Insurance Rates When I Buy a New Car?

Will my rates go up? The short answer is: it depends. Auto insurance rates are based on many factors including the type, age and cost of auto you drive. One thing you can count on is that cars that have been financed require more insurance. The lender will require that you carry comprehensive and collision coverage - which can mean higher premiums.

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