However, a large SUV could drive up the cost of your liability premium -- the premium that covers damage to other vehicles involved in accident -- because of its potential to inflict a greater amount of damage on other cars. If you're looking to find cheap auto insurance, consider cars in the mid-size category, A vehicle's MSRP weighs heavily on the overall cost to insure it. For most insurance companies, the cost of the vehicle is the first and primary consideration when setting the price of the policy. And as a general rule, more expensive cars cost more to insure because of the increased costs associated with repairing them, replacing parts -- especially on foreign brands -- or replacing the vehicle in the event of It's best to consider lower-priced autos if you're looking for additional insurance savings.
It covers topics that can make a difference on your premium like increasing your deductible, opting for less coverage on older cars and getting Horsepower can directly impact the cost of your insurance. The more horsepower your vehicle has, the likelier you are to drive at faster speeds and as such, the higher the risk of an accident. Different trim levels with varying engine sizes, even among the same makes and models, can bring differences in insurance premiums based on If you're looking to save money on car insurance, opt for vehicles with less horsepower It's bad enough cars are stolen, but to add insult to injury, vehicles that are common targets among thieves usually carry higher insurance premiums than cars that aren't. According to the Insurance Information Institute, roughly one third of a typical comprehensive auto insurance premium goes to pay for auto theft claims.
Avoid insurance sticker shock. Find out if your vehicle is theft prone before you Thinking of buying a sports car? Be prepared to pay higher insurance premiums. Insurance companies know owners of sports cars go faster than the general driving population and as such, they're at risk of having accidents more frequently -- and more seriously -- than drivers of minivans, for example. What's more, sports cars are more likely to be stolen, especially those with convertible soft tops that offer easier entry. In the eyes of insurers, sports cars are risky and with increased risk comes increased premiums, three non-vehicle-related factors can have a significant impact on how First, insurance for younger drivers is almost always more expensive than it is for older drivers.What's more, if you've had accidents in the past, you'll inevitably pay more for car insurance than drivers who haven't, regardless of the type of car you drive. Many insurance companies put extra emphasis on driving records compared to factors such as MSRP or engine size, simply because people who have accident histories are Finally, your residence also plays a part in how much your insurance will cost. People living in urban areas where theft and accidents are more likely to occur will usually pay more in car insurance premiums than people who live in the suburbs or rural areas. Where you live also impacts your driving patterns. Commuting long distances to work, for example, puts your car on the road more often and for longer It's a good idea to do your homework before you buy your next vehicle.