![]() ![]() SUV – Sports Utility Vehicles have some of the highest safety ratings which directly influences the annual insurance premium.Some larger pickups have high theft ratings that affect rates. Most providers will ask specific questions about the intended use to determine your rate. Pickup – Drivers use pickups for anything under the sun which means more opportunities for injury and property damage.Plus they are stolen at a higher rate than other makes. Sports cars sustain more extensive damage in a collision than other makes and models. Sports Car – Sports car drivers may take more risks and drive faster, but the replacement cost of stolen vehicles weighs more on the insurance companies than repair costs.Insurance companies know that responsible drivers tend to choose this vehicle style. Corporations providing cars to executives will offer four-door sedans with higher purchase prices because the insurance rates are substantially lower. Four-Door Sedan – This style of car has low annual insurance rates.Each style attracts drivers with certain driving characteristics. In subsequent years, those ratings are changed based on actual loss records. Insurance companies rate makes and models of every vehicle style introduced by the automobile manufacturers. Automobile Type & the Affect on Insurance RatesĮvery vehicle is rated by the perceived risk associated with ownership of the car. Even if the actual price is affordable for the buyer, the cost of insurance may be unmanageable within the monthly budget.Ĭareful consideration must be given to the following factors prior to the purchase of that expensive automobile. Prior to Vehicle PurchaseĪutomobiles have an attraction like no other, and most people tend to purchase more car than is necessary. Refer to the information in this guide prior to choosing a car to buy, finding a reputable auto insurance company, selecting components of the coverage, trying to figure out the truth about no-fault auto insurance laws, and attempting to lower your car insurance rates. If you want to compare auto insurance companies, search 100′s of auto insurance reviews, and get cheap auto insurance quotes online then all you have to do is enter your zip code above to get started to compare free auto insurance quotes.Ĭonvenient transportation is one of the leading reasons to own a private vehicle, but one unavoidable operating expense for every driver is sufficient auto insurance.Ĭheap auto insurance rates may sound appealing when the monthly bill arrives, but one of the most important components of any auto insurance policy is the peace of mind that comes from knowing an auto insurance claim will be paid and your personal loss will be mitigated. ![]()
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