When buying a new car, it’s essential to consider its full cost of ownership – from fuel costs and repairs, routine maintenance costs and repairs, major repairs as well as insurance premiums. While no exact predictions can be made when it comes to car insurance rates, steps can be taken in advance of making a purchase to estimate its true costs.

Find multiple insurer quotes. Insurance providers look at multiple factors when calculating your rate, so prices can differ considerably between providers. Get quotes for vehicles within your price range that offer coverages you need; additionally look out for discounts such as bundling payments or automatic payments that could lower costs further.

Choose a vehicle equipped with safety features like airbags and anti-lock brakes to lower your rates, although more advanced high-tech safety features may increase them. In addition, anti-theft or alarm features may qualify for discounts from car insurers.

Determine the appropriate car insurance amount. It is wise to buy more than the minimum coverage required by your state; in addition to bodily injury liability and property damage liability policies, consider buying collision and comprehensive protection as well.

Maintain a stellar driving record. Your premium will decline over time if there are no accidents or traffic violations on your record, plus paying down debts such as credit card balances to lower premiums and improve credit.