Insuring your new car can be an added burden to your already stretched out budget. However, car insurance or premiums is one of those necessary evils that you simply cannot avoid if you want to stay on the road. As it is, you just have to invest some money on a new car insurance policy. You have to understand that vehicle insurance is mandated under the law and if you are caught driving an uninsured car, you could end up paying a lot of penalties. Worst, you could get into trouble with the law. Besides, driving an uninsured car is very risky. If something happens on the road, you get to pay all expenses related to the incident from your own pocket.
Now, before complaining about how high the cost of new car insurance premium is, let me tell you this, you do not have to get an expensive insurance coverage to stay protected. If you are a smart buyer, it is easy to reduce the cost of your new car insurance policy to a manageable level. One of the best ways to reduce this cost of car insurance premiums is to get a smaller and cheaper car. Unlike those big cars with big engines, smaller cars have lesser maintenance cost. Smaller engines are cheaper to maintain and replace, so your insurance company will more likely charge lesser rates or premiums. Moreover, smaller and cheaper cars are less likely to get stolen than those expensive cars with powerful engines. Generally, car thieves go for sports cars, luxury vehicles and SUVs, so if you drive a small hybrid car, your ride is relatively safe from car thieves.
Another way to reduce costs of your new car insurance policy is to limit the use of your car. As a general rule, lower car mileage is equal to lower vehicle insurance premium. To keep car mileage low, use your car only when you really have to. If you can walk to a grocery store to buy a few things, then by all means, leave your car at home. You will not only save gas this way, you also get to stretch those leg muscles and stay fit.
Will modifying your vehicle reduce the cost of car insurance premiums? No, modifying your car will not reduce the cost of your insurance premiums. In fact, insurance companies tend to charge higher premium rates on modified cars, so if you want to save some money on premiums, forget about modifying your car unless you really need to.