What type of vehicle do you drive? Do you commute to work in a brand new luxury sedan? Do you tote the kids around in a used mini-van? Perhaps you are a weekend road warrior on the back of your motorcycle?
Regardless of how you get from Point A to Point B, chances are the vehicle you are driving is affecting your car insurance coverage and premiums. Continue reading to find out which types of vehicles are likely to cost the most to insure.
Theft Rates
If thieves are more likely to target your vehicle over another, your online car insurance quote may result in a higher premium in order to compensate for the increased risk. Unfortunately, it’s not just expensive sports cars that get stolen, as you see in the movies. According to Popular Mechanics Magazine, the most stolen vehicles in America are rather ordinary, with the Honda Accord, Honda Civic, Ford F-150, Chevy Silverado, and Toyota Camry rounding out the top five.
Not Too Big, Not Too Small
There are several misconceptions about the effects of a vehicle’s size on car insurance. Namely, many people believe that smaller, compact cars are less likely to be in an accident since they have greater maneuverability in traffic. In reality, smaller cars are more likely to be involved in an accident. Perhaps that is because drivers who feel like they can weave in and out of traffic are more likely to do so, putting themselves and other drivers at risk.
Unfortunately, the opposite is not true for larger SUVs. While bigger vehicles are not necessarily more likely to be involved in an accident, they are more likely to cause major damage to other vehicles, as well as more serious injuries to victims. For that reason, the liability premiums on large sport utility vehicles are often more than that of mid-size sedans.
Safety Features and Ratings
Insurance companies are very interested in the safety features on your vehicle, since they can provide an indication of how well you may be able to avoid an accident, as well as how you and your passengers will be protected in an accident. Many of today’s newest vehicles are equipped with crash avoidance technology, as well as mitigation technology that helps reduce the seriousness of a crash if it does happen. Although the value of safety technology differs from insurer to insurer, talk with your agent to find out whether certain safety features on your vehicle could qualify you for a discount.
Vehicle Cost
If you purchase collision and comprehensive insurance protection for your vehicle, your insurance company may charge more if the vehicle has a high repair or replacement cost. For example, a brand new vehicle will cost more to replace right after it rolls off the lot as opposed to three or four years later once it has depreciated. Furthermore, some vehicles, such as high-end luxury cars and hybrid vehicles, contain expensive parts that drive up the cost of repairs after a collision or other covered event.
Get Great Coverage – No Matter What You Drive
It doesn’t matter what you drive; it is still possible to get great insurance at competitive rates. The key to getting an online car insurance quote is following up with an independent agent to compare policies from multiple providers and find the one that suits you and your vehicle best. For more information or to start a Topeka online car insurance quote request, visit the Integrity Insurance Agency website.
