Ten reasons why buying a new car might be cheaper than you think
by Brandpoint (ARA) Sponsored Content
Aug 18, 2013 | 41291 views | 0 0 comments | 344 344 recommendations | email to a friend | print
(BPT) - Are you driving around in a car that’s a decade or more old? If so, you’re not alone. The number of older vehicles on the road in the United States has increased by more than 17 million since 2009, according to Experian Automotive. The average age of the more than 245 million vehicles on U.S. roads is up to a nationwide-high of 11 years old.

As your car ages and the miles pile up, it’s important to consider your options before you’re left on the side of the road wondering why you didn’t upgrade sooner. While buying a new car might seem like the pricier way to go, just think of the costs you pay to keep your old car running – constant trips to the shop for repairs can certainly start to add up and often come without warning.

But buying a new car these days doesn’t have to break the bank, either. With new safety features including crash avoidance technology and anti-theft systems, you can actually save some money in the long run, especially when it comes to insurance coverage.

Erie Insurance vice president of personal lines underwriting, David Freeman, speaks from personal experience. He recently traded his 2007 two-door coupe for a brand new 2013 compact SUV, which includes anti-lock brakes, air bags, a back-up camera and electronic stability control, and his car insurance rate actually went down by 3 percent.

“Safety features for older cars were all designed to protect occupants in a crash. Today’s technology is designed to help avoid the crash entirely,” says Freeman. “Cars with the latest safety features tend to crash less, and insurers take that into account when setting rates. On the flip side, older vehicles on the road do not have these latest technological safety features, so they tend to crash more and therefore may cost more to insure.”

Here are 10 increasingly common new-car features that could help reduce your insurance premiums. Some include specific insurance discounts, while others simply lower the overall cost of insurance because of their positive effect on reducing crashes or thefts.

1. Air bags

2. Anti-lock brakes

3. Passive restraint systems

4. Alarm systems/anti-theft devices

5. Automatic vehicle disabling devices

6. Back-up cameras

7. Electronic stability control

8. Automatic braking systems

9. Intelligent cruise control

10. Lane departure warning systems

Because discounts vary by state and coverage, you’ll want to talk to your insurance agent. Also, some of these discounts will be applied automatically when you tell your agent what kind of car you drive, but it’s always a good idea to double check to make sure you’re getting all the discounts you deserve. To find an Erie Insurance agent near you, or for more information on how to reduce your insurance rates, please visit www.erieinsurance.com.

So if you think it might be time to spend money on an upgrade, remember which features could not only make you safer, but also save you money on your insurance premiums. You might be able to put the money you save toward another new car 11 years from now.

Copyright 2013 The Times-Independent. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

report abuse...

Express yourself:

We're glad to give readers a forum to express their points of view on issues important to this community. That forum is the “Letters to the Editor.” Letters to the editor may be submitted directly to The Times-Independent through this link and will be published in the print edition of the newspaper. All letters must be the original work of the letter writer – form letters will not be accepted. All letters must include the actual first and last name of the letter writer, the writer’s address, city and state and telephone number. Anonymous letters will not be accepted.

Letters may not exceed 400 words in length, must be regarding issues of general interest to the community, and may not include personal attacks, offensive language, ethnic or racial slurs, or attacks on personal or religious beliefs. Letters should focus on a single issue. Letters that proselytize or focus on theological debates will not be published. During political campaigns, The Times-Independent will not publish letters supporting or opposing any local candidate. Thank you letters are generally not accepted for publication unless the letter has a public purpose. Thank you letters dealing with private matters that compliment or complain about a business or individual will not be published. Nor will letters listing the names of individuals and/or businesses that supported a cause or event. Thank you letters about good Samaritan acts will be considered at the discretion of the newspaper.