Consumer Tip: Before You Lease, Call Your Car Insurance Company

Geoff Williams
Updated
People who lease cars often make the mistake of not checking their car insurance rates
People who lease cars often make the mistake of not checking their car insurance rates

It may seem an obvious part of budgeting before you lease or buy a new car: Call your car insurance company to see what your rates will be. But according to LeaseTrader.com, a lot of veteran car shoppers are skipping this crucial step.

When you buy a new car, chances are, your insurance rates aren't going to stay the same (as we point out in our previous article on the cars that cost the most and least to insure). People often upgrade to some better wheels, or their last car was such a junker, that it can be a jolt when suddenly they're paying $50 a month more for car insurance.

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