How does the kind of car I drive affect my insurance rate?

January 18, 2017

Your car insurance rate can be impacted by the kind of car you drive, especially if you have comprehensive and collision coverage. Rates are based on how often the type of vehicle is typically stolen and how expensive it is to replace or fix the vehicle after a theft or accident.

Additional factors that can contribute to you car insurance premium include:

  • Engine size
  • Body type
  • Age
  • Value
  • Safety and security features
  • Crash-test ratings

In addition to this, other factors that determine your car insurance rates include safety factors. Discounts are typically available for drivers who comply with safety measures air bags, anti-lock brakes, and electronic stability control. Keep in mind that while cars with sophisticated safety features and good crash-test ratings are generally less expensive to ensure, cars with fewer safety features or car alarm systems typically cost more to insure.

Remember, each car and driver is unique so there are often a variety of exceptions to car insurance pricing and standards. The best way to determine how the type of car you drive affects your auto insurance rate is to talk with an independent agent to help ensure the right coverage for your personal needs. Here at Jessica Liu Insurance Services, you can reach any one of our agents at 415-386-2283 at regular business hours or by email 24/7 at [email protected]

Contributor: Smruthi Sriram
Sources: Farmers Insurance, Insure, Google Images