Car Insurance Premiums: Choosing a Car That Saves You Big Money
Car bills represent one of the largest expenses for a typical American. A large portion of this bill can be attributed to your car insurance premiums. If you’re looking to buy a vehicle, you may want to look for an affordable car that your insurance company would look upon favorably, not just a fuel efficient car.
Auto insurers take the make and model of your vehicle seriously when calculating your premiums. If your car is very attractive (conspicuous) and has a high chance of being stolen, it is likely to attract higher premiums. This is especially true if your car model has a history of frequent theft.
Typically, a vehicle with a larger engine capacity will command a higher price and higher auto insurance premiums as well. If the vehicle turns out to be a high-performance sports car, your insurance will increase astronomically.
In addition to those obvious factors, there are more subtle features that can make your car look better. Getting a four-door sedan compared to a two-door model helps. The installation of anti-theft and security devices in your car is undoubtedly important to some insurers. And even the cost of the repair and your car’s safety rating affect how auto insurance companies will bill you.
If you are buying a used car, be sure to check the odometer reading as well. Lower readings indicate less wear and tear (usually) and also save you some car insurance cash. On top of this, your car is priced higher (and will be in better demand) if you need to get rid of this car later on.
The value of your vehicle will also influence the price of your car insurance. In general, the less your car costs, the less you’ll pay in premiums.
To protect yourself and your family from financial burdens, you need to choose a suitable car that is affordable to maintain. As you do, don’t forget that your auto insurance bills should also fit within your budget.
If you want the most savings on your car insurance premiums, get a functional car with a plain, boring (or boring) look. Cars that can accelerate and burn rubber on the highway, or roar down the street at lightning speed attract the highest auto insurance premiums. Needless to say, those ultra-luxurious brands like Rolls Royce leave you equally broke.
But don’t take my word for it – get some online dating to see if what I say is true. Compare premiums for different car models. Then, and only then, will you be able to know how much more money you will spend on that flashy, beloved car sitting in the car showroom.