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One of the biggest investments that you’ll make in life after buying a house, is buying a car. It’s not just the car that you have to consider paying for, though, as you have the costs of gas, maintenance and even the small things like having it cleaned that you have to consider. There is a lot at stake when it comes to buying a car, and one of the choices that you have to make is whether you should buy a used or a new one.
A lot of first time car buyers like to choose a used vehicle because of the cheap car insurance options. Choosing a new car will often mean that car insurance is more expensive, but you have to remember that your car insurance is not just an investment – it’s a legal requirement. A good rule of thumb is to budget for up to 15% of your monthly budget for your car. This should cover your insurance, your routine maintenance and gas costs for your car, and if you’re lucky, you may get the cost of your car payment there, too.
The model of the car that you choose will depend on whether you get cheap car insurance or not, and you should think about where you buy your insurance from, too. The company you use and the model of the car will decide the cost of the insurance, but understanding the right coverage for your car is important before you choose which insurance to get. We’ve got a handy infographic below to talk you through cheap car insurance options – take a look!
Infographic Design By Cheap Car Insurance
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