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When shopping around for a car, it’s important to know if your car will be expensive to insure before making a purchase decision. Insurance costs impact the overall cost of driving. We all know certain types of cars are more expensive to insure. As the price tag increases and the rarer, the car gets a more expensive car insurance quote.
AutoGuide.com outlines the most expensive cars to insure :
Based on the above list, it’s clear that there are commonalities among the cars that are more expensive to insure :
If you want to lower your costs, consider these factors when considering your next vehicle purchase.
Here are three key factors that typically make cars more expensive to insure :
For some drivers, expensive coverage is not a deterrent. You want a specific car, even though it is more expensive to insure, in relative terms. But this doesn’t mean you still can’t save.
Even though your vehicle may be more expensive to insure than the average vehicle, you can still reduce insurance costs with these 45 tips to save on car insurance.
No. Plain and simple. This is one of the biggest insurance myths. The colour of your vehicle is not a factor when insurance companies determine premiums.
It depends - leased cars can cost more to insure depending on the type of coverage required by the company. Whether you choose to finance or lease, your rates can fluctuate depending on your record and the agreement.
Generally, 2-door cars are more expensive to insure than 4-door vehicles. This is the case for several reasons. Two-door cars are often sportier, faster, and more expensive. But not all 2-door cars are more expensive than 4-door cars. It depends on the make, model, and many other factors – an important reason to compare car insurance quotes.
In general, vehicles that are used for business tend to cost more to insure for a number of reasons – they are on the road more often, require additional commercial auto insurance and are associated with greater risk.
No, older vehicles generally tend to be less expensive to insure compared to newer models, as less coverage may be needed. It depends on many factors, such as the amount of insurance you purchase, the age of the vehicle, the safety of the vehicle, repair costs, and many other considerations. If it’s considered a classic car insurance, then it may be more expensive to insure.
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Digital Content Writer
Kayla-Jane has been a content writer with ThinkInsure since 2020. She creates insurance content for auto, home, and commercial. Kayla-Jane has a diploma in Journalism.
| Categories | Auto |
|---|---|
| Tags | Driving TipsAuto Coverage |
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