There are many factors that affect your car insurance premiums; your age and where you live are just two of them. There are many different aspects of certain cars that make them statistically riskier, thus raising the cost of insurance. Here, United Car care reviews what you should consider if you are on a market for a new car.
Sports Cars
Sports cars are usually higher to ensure for a couple of reasons. Firstly, because they’re such a flashy, desirable vehicle, they’re much more likely to be stolen. Then, because they have the reputation—and statistics—for drivers to speed, insurance companies will hike up the price a bit to make up for this. Lastly, since they’re usually much more expensive than a regular car and would be a bit more difficult and costlier to fix or replace, the insurance will cost more to reflect that.
High-End Cars
If your car has a higher cost upfront than, say, a minivan, insurance premiums will be much higher because it’s more expensive to fix or replace.
Higher-end cars can be more expensive because of the make or model. Pay attention to the specific model you’re looking at. You might be looking at a pretty normal car, but if it’s a fancier version, you’ll be looking at higher insurance premiums, too.
Foreign Vs. Domestic
Typically, insurance premiums for foreign cars are much higher than their domestic counterparts.
Because foreign cars are usually harder to fix and require special order parts, they are usually much more expensive. Normally, domestic cars are pretty easy to acquire parts and fix, which makes them more affordable overall.
High Risk For Theft
If you have a very desirable vehicle, it’s more likely to be stolen.
It may be because the car parts are in demand, or because it’s a very flashy vehicle that would have a high resale price on the black market. Either way, prior to making a purchase you should take that into consideration.
Safety Features
Insurance companies don’t want to have to pay to replace your car if it’s stolen or have to pay much in medical bills if there’s an accident. That’s why cars with more security and safety features tend to have lower monthly premiums.
When searching for a vehicle, consider whether or not the car has an alarm system and security features already installed. If not, ask the dealership if they offer any alarms, GPS trackers, and other security features.
Furthermore, check the IIHS safety rating on vehicles. Cars with better crash test ratings will be less expensive in the long run.
How Old
Lastly, the age of a vehicle impacts how expensive the insurance is. Newer vehicles tend to be less expensive because they’re considered to be more reliable, while older cars, because of their age, are regarded as more of a risk.
About United Car Care:
United Car Care vehicle service contracts offer reliable protection at an affordable cost, which is exactly what consumers want when looking for mechanical protection for their vehicles. Their product is backed by an A-rated insurer, thus providing their contract holders with the utmost security.
United Car Care has earned an A+ rating with the Better Business Bureau, which speaks to the way they do business—with integrity. United Car Care is proud of the fact that they have had over a million satisfied customers as well as many long-time relationships with dealers and agents. These relationships are a true testimonial to United Car Care’s core values: quality, dependability, and customer service.
