Understanding the insurance coverage requirements when it comes to purchasing a new or used vehicle that requires a loan before you begin shopping is something that will make the car shopping process a little easier for you. Consider the fact that different makes and models also have different base insurance rates, to help determine how much vehicle you can afford.Talk to insurance companies beforehand to get a ball park estimate of what you'll have to pay, but prepare for that to change based on the make and model you end up buying.