Before you go out to negotiate the purchase or lease of a car, it is wise to get an idea of how much it will cost to insure the vehicle. It is a good idea to get an estimate of the insurance premiums that you can expect before you go ahead with the deal. The type of vehicle, along with some of the other factors listed below may determine how high the premiums will be:
- Your age
- Your marital status
- Your driving record
- The geographic area you live in
- Safety features of the car
- Make and model of the car
- How much you drive the car
SUGGESTION: Keep your insurance company up to date by letting your insurance company know if there is a change in your life that will affect your auto insurance premium. Update for things like getting married, joining a car pool, or installing an alarm system in your car. Also, if your commuting mileage to work decreases or you stop driving to work and only use the car for pleasure, these things may reduce your annual premium.
Not a Deposit.
Not Insured by any Government Agency.
Not Guaranteed by the Bank.
May go Down in Value.
Investment and insurance products and services are offered through INFINEX INVESTMENTS, INC. Member FINRA and SIPC. Infinex and BancorpSouth Bank are not affiliated. Products and services made available through Infinex are not insured by the FDIC or any other agency of the United States and are not deposits or obligations of nor guaranteed or insured by any bank or bank affiliate. These products are subject to investment risk, including the possible loss of value.