If you own or plan to buy an imported vehicle, you are undecided about your car. Imports can be fuel efficient, sexy and sporty. And, like any foreign or domestic car, foreign cars require a significant investment to keep you driving.
Possession of a car is never cheap. There are car payments themselves to think about. And, then you have to pay for gas, repairs … and car insurance.
Imports and domestic: all cars must be insured
Whether a car is an import mark or a national mark, you will need to purchase insurance. Buying auto insurance is not just a legal necessity, but it is also a moral obligation. But even if these concerns are not at the top of your list, there is another good reason to buy insurance: to protect your equity.
You see, if you fail to buy insurance or buy too little, you could be held civilly liable for damages after an accident that you cause. So in addition to being a legal and moral necessity, the purchase of insurance is simply smart.
Many imported vehicles are sports cars
Many imported vehicles fall under the sports car head. If your car is considered such in the eyes of most insurers, be prepared to pay more insurance than if you owned a minivan or a sedan. However, the good news is that you can find insurers specializing in sports cars (see below).
Types of Insurance Coverage
There are different types of coverage. In general, you will want to consider liability insurance (to cover the other party), medical coverage (to cover the medical expenses of your party), a collision (to cover the repairs of your party) and an uninsured motorist (to cover the bills of your party if the other party causes the accident but is not insured).
Find the cheapest auto insurance – 5 tips
Here are 5 tips for the cheapest auto insurance for imported vehicles:
1 Decide where your car is considered a sports car: Although there is no universal definition for sports cars, sports cars in general will be those that are high performance, have two doors and have a suspension granted.
2. If you are a sports car, create a list of insurance companies that specialize in sports cars: Some insurance companies specialize in cars of sports, so be sure to make a list of them.
3. If No, compile the list of the best insurance companies around: If your import is not a sports car, it simply opens the field even more great for the companies you have to choose.
4. Create a list of coverage types and desired limits: When shopping for insurance to get the lowest rates, you are going to want to get comparable quotes from multiple companies . It means getting comparable coverage. Speak with an insurance agent about the types of coverage and coverage you need. Then ask for these same types of coverage from each of the other companies you contact.
5. Contact at least 5 auto insurance companies: Now, start shopping! Contact at least 5 companies on your list. Do not stop until you have contacted them: more choice means better chances to save!
Follow these 5 tips to get the cheapest auto insurance for imported vehicles.