I’m looking at buying or leasing a new car and am wondering how that’ll affect my auto insurance premium. Also, which features in a new car affect the premium. I’ve heard about red paint and sports cars causing higher premiums, but are there any other factors?
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The car affects the premium. New cars are worth more than cars several years old, so they cost more than older ones. High priced cars cost more because the potential loss is much greater than for that of lower priced cars. Sports cars cost more because they’re supposed to have more accidents. I’m not sure that’s true, but that’s what the people who set the rates think. Also, cars that are stolen alot have high premiums. You also affect the premium. Do you have a good driving record? That lowers premiums somewhat. If you’re middle aged or older, your premiums are usually lower because older people are considered safer drivers than young ones. I’m not sure that’s true, but again, that’s what the people who set the rates think! Hope this helps ya!
It really depends on the company. Companies all do the math differently. One company might give major weight to the fact that one model is considered a sports car, and another may not consider it at all. I have never seen a company (not that this means it doesn’t exist) that rates vehicles based on color.
Of course, the newer the car, the more valuable it is, so the more comprehensive and collision coverages (aka full coverage) will cost. But newer cars can have safety features that older ones don’t.
The only way to know is to get quotes.
References :
claims adjuster
Try this site to find the best auto car insurance
http://saveautoinsurances.blogspot.com/
Here you can get quotes from different auto insurance companies in your area, its the best way to find an affordable auto insurance with a reliable company.
The car affects the premium. New cars are worth more than cars several years old, so they cost more than older ones. High priced cars cost more because the potential loss is much greater than for that of lower priced cars. Sports cars cost more because they’re supposed to have more accidents. I’m not sure that’s true, but that’s what the people who set the rates think. Also, cars that are stolen alot have high premiums. You also affect the premium. Do you have a good driving record? That lowers premiums somewhat. If you’re middle aged or older, your premiums are usually lower because older people are considered safer drivers than young ones. I’m not sure that’s true, but again, that’s what the people who set the rates think! Hope this helps ya!
References :
http://saveautoinsurances.blogspot.com/