Buying a car can stir a whirlwind of emotions. Excitement, fear, nervousness, thankfulness. But the most important emotion is confidence. Confidence in the car you’ve purchased but also in the financial situation you’ve just adopted. When you buy a car, you’re not just paying cash or financing a payment every month, you’re also accepting liability. And that liability costs you. So here are three things to consider when buying a car that can help you save on car insurance.

• ASSESS YOUR RISKS

When you buy a new car, it’s important to assess your risks. Many insurance companies will ask you a handful of questions like age, sex, occupation, education, and traveling miles. Answering these questions honestly will allow the insurance company to insure you properly for future accidents.

For instance, we all know that adding a new driver to your policy is nerve racking and can cause a large fluctuation in price. However, if you are not properly insured and your young driver gets into an accident, the injured can go after more than just your car insurance. If you are considering adding a young driver, call your agent and ask about safe driver and good student discounts.

• CALCULATE MONTHLY INSTALLMENTS

While you may be prepared for a certain monthly payment amount for your new car, did you calculate monthly insurance into that payment? Your premium can fluctuate based on age, make, model and mileage of the vehicle.

Many insurance companies offer discounts for new car purchases, multiple cars on one policy, upgraded safety features and many, many more!

• CALL A LOCAL AGENT

We all know how convenient it is to call your current insurance company and add a car over the phone. However, it is almost just as easy to call your local agent and it may award you better discounts. Most companies offer a discount for current agency customers. Also, an agent can send your policy to multiple insurers to find you the best rate. It may take a few extra minutes, but what is a little time when it comes to saving money.