Free preview · from the dealership side of the desk
Most people shop for insurance after they buy the car, which is backwards. On a financed car, insurance can easily run $150–$300 a month, and the gap between two similar models, or two insurers, can be bigger than the gap between two negotiated prices. A $40-a-month difference is $2,400 over five years, more than many buyers manage to negotiate off the price.
From the dealership side, insurance is one of the most common reasons a deal stalls at the last minute: no proof of coverage, or a quote far above what the budget allowed. The fix is to quote before you choose, then quote again by VIN once you have a specific car, because insurers price the exact vehicle. Below: what your lender requires, the liability limits people underbuy, choosing deductibles, GAP from the dealer vs. your insurer, delivery-day proof, other ways to lower the premium, and what to say.
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In the full guide
- Quote before you choose, then quote by VIN
- What your lender requires
- Liability limits: the part people underbuy
- Choosing deductibles
- GAP coverage: from the dealer or your insurer
- Proof of insurance on delivery day
- Other ways to lower your premium
- Your game plan
- What to say
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