What determines how much a car is to insure
What determines how much a car is to insure
Factors such as your demographics (age, gender etc), your location, your driving record are obvious. However, the make and model of your car will determine how much your auto insurance will cost.
The cost to insure your auto is determined by 4 factors:
1. Horse power - the bigger the engine the more chances you will drive fast.
2. Cost of repair - the higher the price tag of the car, the greater liability, therefore greater collision-damage costs.
3. Bigger is sometimes better - statistics show contrary to popular wisdom that small sporty cars outmaneuver accidents, statistics show the converse is true.
4. Boring is better - family cars get a discount when it comes to auto insurance. Why? Simply because these family vehicles, often times boarding between autos and tanks, get in much fewer accidents. When it comes to family driving, families drive safer.
Therefore, the above four factors that go into determining the cost of your auto’s make and model to insurance. The insurance for a particular car’s make and model and play a role in the whole picture of your total auto insurance cost.
Tags: Auto Insurance
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April 28, 2008at 11:49 am
[...] Every one of these cars are high priced and sporty. In my previous posts I have written the reasons why cars are expensive to insure, therefore I will not go over that. Basically if you have the money to sport around in one of the [...]