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If you are looking for car financing than you may be wondering "what insurance do I need when financing a car?" The first thing that you need to realize is that you are in an economic bind when it comes to buying a car. You have to make a decision on how much money you can spend and still have enough money left over at the end of the month. It is important to know what type of car you want before you start shopping or borrowing money from anyone to purchase it. If you are not sure about which car you should buy or if you should borrow money to pay for it, then you should research the information above to find out.In order to determine what type of insurance you need to buy when financing a car, it is important to know what coverage you are looking for. You may not know this right now, but you may be able to save money if you chose to purchase more liability coverage than collision. You should always check with your current car policy to see what they offer you for liability coverage. If they do not give you much, there is a good chance that you can purchase additional coverage to add onto what they are currently offering. This way you will get the best of both worlds.Collision and comprehensive coverage are both worth considering if you are trying to find cheaper auto insurance. They both pay for damage to your car that other cars would not be able to repair for a small fraction of the cost. Even if your car is totaled out there is something you can do to repair your car and keep yourself out of the financial disaster.It can be easy to blow through your entire payment on car insurance. This can happen if you have several vehicles that need to be covered or if you have a ton of people coming to your house for a party. You have to make sure that you only take care of the car that you drive and that you do not put any more cars on the policy. This way you can insure each vehicle at a price you can afford. This can help you lower your monthly payments as well.It is also important to take a look at how much you are paying each month on insurance premiums. Sometimes the amount of coverage you want may not be enough to keep you out of financial trouble. This is because many drivers will opt for the most expensive type of coverage. They do this because it will save them money in the long run, but they do not think about what it will cost them if they were to need to file a claim.If you have a nice car and you are a safe driver, there is a good chance that you will not need full coverage on your policy. You should only purchase the minimum required by law, which is liability coverage. This type of coverage will protect you in case you are involved in an accident. You should contact your agent to learn more about what this will do for you.There are also times when you can save money by choosing a high deductible plan. This plan will allow you to get less money upfront when you have an accident. The lower deductible the less money you will have to pay for your car repairs. However there are some cases when choosing a higher deductible will help you save. For instance, when you have an accident that was your fault and you do not have health insurance you will end up paying the deductible for your own health care expenses. This is known as catastrophic coverage and it can save you a lot of money.When you are looking over all of your options when you are trying to find the right amount of coverage for your car, it is important to remember that you do not always have to pay the bare minimum. Sometimes t here are ways that you can save money on your coverage or even get more coverage. Make sure that you talk with your agent and see what options you have available to you.