When you purchase your first car, there’s a lot to think about. Not only do you need to figure out what car you want, how much you can afford to pay each month, and how to optimally maintain your vehicle; but you’ll also need to get good car insurance. Today, let’s have a look at some important facts and figures that can help you make the best decision possible when it comes to insuring your Mazda.
1. Insurance in Rhode Island
Don’t forget to budget for insurance when considering what car payment you can afford. While drivers pay $1,674 on average for full coverage in the US, this is $2,018 in Rhode Island. According to Bankrate, if you opt for basic coverage, you will pay around $749.
The reason why insurance is so costly here is that auto repair costs are very high in this state, so insurance companies are trying to make up for this.
2. Your Insurance Will Become Cheaper Over Time
Although some drivers are older when they purchase their first car, many people are between 16-18 years old. Insurance companies generally consider drivers of such a young age riskier than more mature people, so you’re going to have to pay a high premium for the first few years.
Fortunately, this will go down over time, particularly if you keep a clean driving record and prove that you are a responsible driver.
3. You Have Control Over the Price of Your Insurance
You might believe that the price of your insurance is a given, but there is actually a lot you can do to lower your quote. Most importantly, make sure that you stick to the traffic rules and avoid accidents. You can get insurance discounts for a safe driving record, but also for other things such as great safety features on your car, anti-theft devices, and upfront payment in full.
Your deductible, which is how much you will have to pay out-of-pocket before your insurance kicks in, also significantly affects your monthly insurance payment. If you are financially stable and have an emergency fund available, you could go for a higher deductible.
4. The Company You Choose Matters
Not all insurance companies are created equal, and you can save a lot of money by choosing one that offers great deals to drivers like you. Because everyone’s situation is different, there isn’t one company that’s the best fit for everyone, but instead, several different options that work well for different people.
The easiest way to find the best insurance company for you is to get in touch with the customer service team at your local dealership. They have a lot of experience with insuring Mazda cars, so they’ll be able to tell you which company might be the best for you.
Although insurance is expensive in Rhode Island, there’s a lot you can do to make sure you get a great deal. In addition to driving carefully, you can go for a higher deductible, install advanced safety features in your car, and choose a company that offers good rates. Call or visit us today at Flood Mazda in Wakefield, RI to purchase your car.
Image by Steve Buissinne from Pixabay
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