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How consumers can save money on car insurance

Posted on Monday, March 11, 2013 at 6:57:40 PM

For many consumers considering purchasing a car, they're going to want to set up auto financing and vehicle insurance. Because the former can account for some of the latter, getting a better deal on insurance can greatly benefit car buyers and allow them to pay off the entirety of their loan quickly.

There are a number of aspects to consider when looking to obtain car insurance that can also help people to save money during the sale.

Buy a car that's cheap to insure
Consumers who have not yet purchased a car should focus their hunt on a car which is not popular with poor drivers, causing its "loss history" to affect the insurance premium. Vehicles that are often involved in traffic infractions may be more expensive to insure.

Maintain clean driving, credit records
People who have been in few (or no) accidents can benefit from paying less to be insured, as well as consumers who have good credit. Displaying their personal sense of responsibility to an insurer can bring lower rates for car shoppers. 

Borrow from their residential lender
Consumers who obtain used car financing from the same company as they may have acquired residential lending could find discounts. Home Loan Investment Bank is a trusted lender who specializes in both financing options.