Understanding Car Insurance - What you should know 101
automobile insurance coverage is sufficient minimum coverage.
It doesn t matter if you are buying a new or used car; it is easy to get caught off guard on costs to keep this car on the road, especially with regard to auto insurance.
The auto insurance rates can differ considerably from one car to another, even among the two cars that are direct competitors in the same class Your choice can cause a significant leak in your portfolio.
If you know the specific car you want to buy, then a phone call to your auto insurance agent to send you car insurance estimates for the cost to cover this car with the same coverage you currently have However, if you aren t sure what kind of car you want to buy, keep these factors in mind as you consider the cost of insurance on your next car.
In general, SUVs and pickup trucks are cheaper to insure than the average, while sports cars and luxury cars cost more than the family sedan on average insurance average costs, so you can see more car insurance estimates if your new car is one of the most expensive body styles to provide or is a luxury brand also, keep in mind that even if you replace your current car with a similar car, but recently, your car insurance rates will be higher because of the age of the car.
While these are general guidelines, there are exceptions in all categories which may mean that some cars cost more or less to ensure that others of the same body style This is because auto insurance rates calculated partly on the history claims of a car every insurance company looks at its own claims data for each car and assigns each car a number of losses that the guide in setting rates for that particular vehicle given some cars are more expensive to repair or more likely to be in a car accident, or both, the loss figures vary, even with similar types of cars.
The Insurance Institute for Highway Safety provides data on insurance losses for different vehicle models These historical loss data affects car insurance premiums.
Ferrari California convertible sports car Midsize.
Mercedes Benz S very large luxury car class Hybrid 4dr.
Source Insurance Institute for Highway Safety, the years 2009-2011 models.
For a good range of car insurance rates on a wide variety of cars, check out the industry-wide historical data available from the Insurance Institute for Highway loss of the safety data road Institute visit and follow the link for insurance losses by make and model from there, find the loss number for your current car and all the cars you are considering buying numbers that are more than your car current show the highest car insurance premiums, and the number that are smaller than your current car should result in insurance costs.
As auto insurance is an important part of the overall cost of owning a car, make some steps and get car insurance estimates you refine your choice for your next car can help you save the money, especially if you pay more for car insurance that you like to take a few minutes now can mean a fatter wallet later.
Auto Insurance Estimate average check prices before buying a car, insurance quotes, check.