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Getting a new car or just new to you means you have to get some car insurance.  You will find that insurance premiums on a new car can vary a great deal.  If you bought a high end sports car then you can expect to pay, but a slightly older Ford Escort won’t cost anywhere near as much.  Getting insurance on a new car isn’t something that you can avoid.  Before you pay you should also factor in the cost of insurance as part of your monthly expenses.

Brand new cars from this current year are going to cost the most to insure.  You will probably need comprehensive coverage if you are financing your purchase .  The reason that the premiums are so high is that newer cars cost more to replace.  Should your car get stolen or written off in an accident then it will cost tens of thousands to replace.  Repair costs are also higher on new cars, even if the car isn’t written off in an accident but it needs to be repaired that can still run to thousands of dollars.