How Much Car Can I Afford?
If you’re in the market for a new car, be sure to take these simple steps to help you determine how much car you can afford.
by Kristin Smith
I doubt this one surprises you, but you may not be thinking of all the phone related distractions that are out there. According to the National Highway Traffic Safety Administration, the “estimated number of drivers using electronic devices during the day is 660,000.” That includes people who text, snap a photo, record video, and more. The younger the driver, the higher the distraction rates.
Back in the day, a fender bender meant that you might spend some cash on a small repair. Today, you’re replacing more than a headlight, it’s a special-ordered, LED headlight. The more bells, whistles, and sensors on the car, the pricier it is to fix.
That may sound like an oxymoron, but relative to gas prices a couple of years ago, it’s true. When gas prices are lower, more cars are on the road. More cars = more accidents.
When health care prices rise, so do auto insurance rates because auto insurance covers the medical costs of those injured in accidents or collisions.
Right now, you’re probably thinking “I have no control over 3 of the 4 things on this list and now I’m just mad at you.” I don’t blame you. All is not lost though; you can do some things to help offset these rising costs.
If you’re in the market for a new car, be sure to take these simple steps to help you determine how much car you can afford.
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COUNTRY Financial® is the marketing name for the COUNTRY Financial family of affiliated companies (collectively, COUNTRY), which include COUNTRY Life Insurance Company®, COUNTRY Mutual Insurance Company®, and their respective subsidiaries, located in Bloomington, Illinois.
Auto insurance policies issued by COUNTRY Mutual Insurance Company®, COUNTRY Preferred Insurance Company® and COUNTRY Casualty Insurance Company®, Bloomington, IL.