June 2, 2021

The Car You Drive Can Impact Your Car Insurance

The Kind Of Car You Drive Can Impact Your Car Insurance Costs

It is income tax season again. That means people all across the United States will soon be getting new cars. Not everyone waits until this time of year to get a ride. However, some folks do because the refunds cover their down payments. Then, they can make their monthly notes and drive around in style. Others will use their significant lump sums to purchase vehicle cash. They then own the cars outright and don’t have to worry about installments.

Are you in the market for a brand new or used vehicle at the beginning of 2021? If so, that is great, and we hope that you find one of your dreams. Hopefully, it will get you and your passengers from place to place without trouble. However, before signing on the dotted line and handing over your cash, did you know that the kind of car you drive can impact your car insurance costs?

That is often a factor that determines what people pay for coverage. Thus, it is a good idea to check with your insurer ahead of purchasing a vehicle to see what the bill will be. The last thing anyone needs is to have a fantastic car just parked in their garage or driveway because they can’t afford insurance. The following sections will focus on some things that can affect premiums. Hence, interested parties should stick around and read on to learn more.

Security And Safety Features

It is no secret that safety and security features have come a long way over the years. Modern cars have all sorts of gadgets and gizmos to keep drivers and passengers safe. Meanwhile, old models don’t. Sure, they have seat belts and anti-lock brakes, but that’s about it. The point is that vehicles with top-of-the-line safety features and crash ratings are typically cheaper to insure. Keep this in mind before purchasing a classic, or you could be in for a big surprise when getting insurance quotes.

Sporty Two-Door Cars

Four-door sedans usually always cost less to insure than two-door sports cars. Why? Drivers with sporty rides tend to put the pedal to the metal. They like going fast and don’t mind driving above posted speeds—the risk of crashing increases when people hit the streets going as quickly as they please. Insurers have to shell out funds for repairs after disasters. They also have to cover medical expenses and pay to replace cars. Those that don’t want to break the bank on car insurance should think about buying something other than a sporty two-door vehicle this tax season.

A High Probability Of Theft

Some cars are more likely to get stolen than others. Thieves target vehicles that are easy to break into to sell them and make quick bucks. They also look for particular makes and models to unload the parts. Therefore, buyers should put in the work and research which cars make a list for thieves year in and year out. They may want to steer clear of the names they find because insurance can cost more for them. Insurers know there is a good chance that they will have to reimburse people for these rides, and they make them pay accordingly.