Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health insuran...

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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 Chris Harrigan

UPDATED: Apr 13, 2022

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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 for the most comprehensive insurance companies offer

It doesn’t matter if you own a car or if you’re looking to purchase one when you are simply getting insurance quotes. In fact, it is a great idea to get quotes on auto insurance rates even 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!

What are the 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. Drivers have to take care of their vehicles after all!

Looking into cheap car insurance can be tricky. 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. Understanding whether or not you need comprehensive insurance or basic insurance can also protect you from being an uninsured driver.

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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, which is typically listed as comprehensive insurance. Additional details can typically be found listed online, along with other services that any auto insurance company might offer.

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


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. Generally the required minimum liability coverage also costs less. With a used car, coverage options are a little more slack than with a new car. Mostly because with a used car, there’s less of a chance that an owner wouldn’t be able to fix it.

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.

How can you make 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 bundled it with renters or homeowners insurance with the same company, giving you even more additional savings.

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. Try to use a debit card rather than a credit card for your monthly payments, so that you don’t find yourself trapped in a constant financial spiral downward.

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 insurance comparison tool. There are plenty of choices for vehicles, so shop around and find one that you like. There’s no harm in doing research to find a car for yourself, especially if you plan on spending a lot of money on it.

Below, 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. Having policy service options is a must for new drivers!

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


  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/