Jessica Sautter is a Content Writer for CarInsuranceCompanies.com with a Bachelor’s Degree from Eastern Michigan University in Elementary Education with a Major in Reading and a Minor in Mathematics.

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Chris Harrigan has an economic degree from Limestone College and an MBA from Clemson University. He previously managed auto insurance claims for Enterprise Rent-A-Car. Currently, he is using his business and insurance expertise to provide insurance data analysis and visualizations to enhance the user experience.

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Reviewed by Chris Harrigan
Former Auto Insurance Claims Manager

UPDATED: Nov 7, 2020

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Advertiser Disclosure: We strive to help you make confident car insurance decisions. Comparison shopping should be easy. We are not affiliated with any one car insurance company and cannot guarantee quotes from any single company.

Our car insurance industry partnerships don’t influence our content. Our opinions are our own. To compare quotes from many different car insurance companies please enter your ZIP code on this page to use the free quote tool. The more quotes you compare, the more chances to save.

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Here's what you need to know...

  • New cars cost more per month to insure than used cars
  • Make note of the make, model, year and mileage when shopping for insurance
  • Use a comparison tool to compare at least three different quotes

Whether or not you own a car does not matter when you are simply getting insurance quotes. In fact, it is a great idea to get quotes before you purchase a new or used car.

All you have to do is locate the type of car you want, plug your information into the comparison tool and wait for your car insurance quotes.

Enter your zip code above in our FREE tool above to compare car insurance rates now!

Benefits of Getting Quotes Before You Purchase

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It is always a good idea to get car insurance quotes before you purchase your vehicle to make sure that you can afford your new car payments and your monthly car insurance premium.

In general, new cars cost more per month to insure than used cars.

According to Kelly Blue Book, high-end or luxury cars are more expensive to insure than cars with a lower MSRP.

This is because high-end cars are more expensive to repair or replace after a car accident, and your insurance premium will reflect those higher costs.

Knowing whether or not you can afford the car insurance for your new car before you purchase makes a difference.

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Can you afford new car insurance?

New cars offer the ability to drive without the worry of the vehicle breaking down unexpectedly, but they come with higher insurance costs, especially if you purchase your new car with a car loan.

Car loan companies often require the buyer to purchase liability, comprehensive and collision insurance.

Full coverage auto insurance is often required because the loan company wants to protect their investment.

For example, If a new car owner gets into a car accident with no insurance or liability insurance, he or she would be less apt to fix the car.

New cars cost more to insure than used cars. Most financial institutions require full-coverage car insurance

Would it be financially better for you to purchase a used car?

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Used cars generally cost less than their new car counterparts, and your insurance rates would potentially be lower even if you purchased your used car with a loan from a financial institution.

Used cars cost less to repair or replace, and it would be reflected in your monthly insurance premium.

If you chose to purchase your used car with money from your own savings or checking account, you would benefit from not having a car payment.

This would allow you to purchase only liability insurance, which is cheaper than full-coverage.

However, liability insurance does not repair or replace your car in the event that you get into a car accident and are found to have caused the accident.

In this instance, you would be required to repair or replace your car from your own savings account.

Making Your New Policy Affordable

Additionally, you can make your new policy affordable by ensuring you get all of the discounts that apply to your circumstances.

Car insurance discounts typically include:

  • Being over the age of 25
  • Maintaining good grades while in school
  • Being a safe driver
  • Owning a car with certain safety features.

If you purchase more than one policy with the same insurance carrier, you may be eligible for a multi-line discount.

For example, you would get a discount if you purchased car insurance and renters or homeowners insurance with the same company.

If you have to purchase full-coverage for your vehicle, consider lowering the coverage amounts for certain sections of the policy and raising your deductible.

However, it is important to only raise your deductible to an amount you can always afford. If you can’t always afford a $1,000 deductible, consider a $500 deductible.

Finding car insurance when you do not have a car is as easy as locating the type of car you would like to purchase and entering the information into the comparison tool.

The tool will return your results, giving you an idea of how much your car insurance policy would cost if you purchased that particular car.

Enter your zip code in our FREE tool below to compare car insurance rates instantly!

References:

  1. https://www.kbb.com/car-advice/articles/the-most-expensive-and-least-expensive-cars-to-insure/
  2. https://www.consumerreports.org/cro/2012/04/how-much-can-you-afford-to-spend/index.htm
  3. http://money.cnn.com/pf/money-essentials-car-budget/
  4. https://www.investopedia.com/terms/l/liability_insurance.asp
  5. https://www.investopedia.com/terms/c/comprehensive-insurance.asp
  6. https://www.investopedia.com/terms/c/collision-insurance.asp
  7. http://money.cnn.com/pf/money-essentials-buy-used-car/index.html
  8. https://www.autotrader.com/car-shopping/4-questions-to-help-you-decide-on-a-new-or-used-car-167808
  9. https://www.investorguide.com/article/11602/car-insurance-and-the-different-types-of-policies-igu/