Before you go out to negotiate the purchase or lease of a car, it is wise to get an idea of how much it will cost to insure the vehicle. It is a good idea to get an estimate of the insurance premiums that you can expect before you go ahead with the deal. The type of vehicle, along with some of the other factors listed below may determine how high the premiums will be:
- Your age
- Your marital status
- Your driving record
- The geographic area you live in
- Safety features of the car
- Make and model of the car
- How much you drive the car
SUGGESTION: Keep your insurance company up to date by letting your insurance company know if there is a change in your life that will affect your auto insurance premium. Update for things like getting married, joining a car pool, or installing an alarm system in your car. Also, if your commuting mileage to work decreases or you stop driving to work and only use the car for pleasure, these things may reduce your annual premium.
Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA/SIPC.
Infinex and First Commonwealth Bank are not affiliated. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.
*We do not provide tax advice. Consult your tax advisor.
*Diversification is a method of controlling risk. It does not assure a profit or the avoidance of loss.
**Dollar-cost averaging is a method of controlling risk. It does not assure a profit or the avoidance of loss. Investors should consider their ability to continue a dollar-cost averaging program in periods of declining markets.