• What does my auto coverage actually cover? Determine in advance the level of protection actually afforded under the terms of the policy. For example, if your new car is damaged beyond repair, will your auto insurer replace the vehicle with a new one, or take that deduction for depreciation?
• Is image everything? Certain cars catch the eye, but you may end up paying more for the flair. Cars that are expensive to repair or have historically higher theft rates carry higher insurance costs. Specialty vehicles and sports cars typically cost more to insure.
• Can I use the accessories to my advantage? If your new vehicle comes equipped with such things as anti-theft/alarm devices or anti-lock brakes, you may qualify for discounts.
• Are there other discounts that I qualify for? Insurers offer discounts for a number of factors: driving record, certain safe driving courses, the number of drivers using the vehicle, low annual mileage and whether the vehicle is kept in a garage overnight or parked on the street.
• Can my good driving record work for me? In the event of a loss, certain insurance companies will reward customers for good driving habits, by reducing their deductible for each year of loss-free driving. Make sure to ask whether your company offers it.
• How safe is the vehicle? Besides ensuring greater peace of mind, vehicles that are considered "crashworthy" usually cost less to insure. Before making your final decision, pay a visit to www.highwaysafety.org to find the vehicle rating for your prospective purchase.
MetLife Auto & Home offers a free brochure called "Shopping for a Safer Car." This booklet outlines what safety factors should be considered to reduce the risk of death or serious injury in the event of a crash. The brochure, created with the Insurance Institute for Highway Safety, is available by calling (800) 638-5433 (MET-LIFE).
For more information about MetLife Auto & Home, visit www.metlife.com.
