Buying a new car can be an exciting time, but don't forget about the insurance.
New auto insurance can play a significant part in the overall costs of owning your car.
Here are some things to keep in mind.
Auto insurance rates are based on a number of factors, including the age and type of vehicle you are insuring.
Companies may charge a higher rate for certain types of vehicles for a few reasons including:

• They are more expensive to repair.
  
• They have a higher incident of theft.
  
• They are considered less safe than other cars.
  

You might want to keep this in mind when you are shopping for your car.
A safer car that is less expensive to repair could save you hundreds of dollars on premiums.
Also, insurance companies set their own rates and that means that rates can vary quite a bit from one insurer to another.
Because of these factors, you should get several car insurance quotes for the vehicle you are planning to buy.
The Insurance Information Institute recommends that you get at least three different quotes for comparison.
If it's a new car, you'll probably want to get comprehensive and collision coverage.
Collision pays for damages caused when your vehicle collides with another car or object, or flips over.
Comprehensive coverage pays for damages and loss caused by theft or events other than a collision, such as a tree branch landing on your car.
To help lower your premium, you can get higher deductibles for collision and comprehensive.
The deductible is the amount of money you have to pay on a claim before the insurance coverage covers the remainder.
Having a higher deductible could save you quite a bit, but you want to make sure you can come up with the money in the event of a loss so you can fix your new auto.
One idea is to take the money you save with a lower premium and put it into an emergency fund savings account.
Of course, you'll also need to get the minimum coverages required by your state.