Purchasing imported car insurance can be somewhat nerve-racking, since the practice isn’t that common. Most of us purchase our vehicles at the local dealer or find someone who’s selling a car personally. But even if we don’t purchase it locally, we still have to buy car insurance and preferably cheap auto insurance. Purchasing a vehicle from outside the country can be expensive and difficult if you haven’t done it before. But it doesn’t have to be that complicated, as long as you research what you’re doing ahead of time and take the necessary steps to ensure you have a seamless transaction.
Understand the Realities of Imported Car Insurance
Perhaps the hardest part of buying imported car insurance is finding a company that will actually agree to insure the vehicle you’re buying from abroad. Since insurance companies often set the premiums based on risk, they might believe that the risk is so high that they’re not even willing to insure it. The reason for this is that it could be difficult to fix the vehicle and find parts for it here locally. Look for insurance advertisements in car magazines, or ask someone with the company that you’re purchasing the car from. Once you actually find a company that’s willing to sell you a policy, there’s another reality you’ll have to face: it’s not going to be cheap. Unfortunately, cheap imported car insurance is somewhat of an oxymoron, because by nature imported car insurance policy rates are generally more costly, sometimes 25 percent more expensive. But there are still other ways to reduce the costs. Try to purchase a car with a make and model that typically comes with a lower premium. Consider installing an alarm or tracking system in the car, especially considering the low amount of security your vehicle may have on while it’s headed to your home country. Talk to your agent about any way possible you can save money – whether through good driver or club ownership discounts. You may not be able to get cheap imported car insurance, but you can at least reduce some of the hassles of buying from abroad.
What do I Need to Know before I Purchase Imported Car Insurance?
Don’t get caught up in the look of the car alone. Remember that different countries have different automobile requirements and standards. For example, the United States has been seeking ways to curb carbon emissions, so we sometimes have stricter standards here. Make sure your vehicle meets the Environmental Protection Agency’s imported car requirements. If your car does not conform to the regulations here in the U.S., you may need to spend a lot of money to alter it. It is absolutely essential that you research the regulations, or you may find that your vehicle is practically unusable in your country.
What Are the Advantages to Getting Imported Cars?
Purchasing imported car insurance may not be the most common thing, but it is becoming more popular in some segments of the country. Although the insurance rates may be more expensive, you could find other benefits to purchasing cheap imported car insurance. You may be able to find a more fuel-efficient vehicle, or you may find a vehicle with an incredible design. Before you buy it, though, make sure you research imported car insurance, the vehicle’s make and model, and what the United States’ requirements are if you purchase it from abroad. You may want to get some advice from a friend who’s relatively wealthy and well-versed in international business transactions. Go to the top of the page and enter your zip code to receive your free auto insurance quote today.
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Cheap Imported Car Insurance
March 16, 2012March 16, 2012 0 Comments