Insurance companies use several factors to establish how much you will pay for car insurance such as age, driving history, where you live, Salvage title how much you drive. But the make and model of your vehicle can also play a big role in your insurance rate.
Some insurance providers charge higher rates for certain makes and models of cars due to their high rates of accidents, thefts, and insurance claims.
What are the make and model?
The brand name of a car is its make or manufacturer, such as Honda or Subaru. Cadillac, Chevrolet, and GMC are three brands manufactured by General Motors.
The term model refers to a specific product made by a manufacturer. For example, Toyota offers a variety of models including the Camry, Prius, and Tacoma.
The model year of a vehicle is the year a specific version of a model was manufactured. Example: Toyota (make) Prius (model) 2021 (model year).
How to Make and Model Affect Auto Policy
If you’re shopping for a new vehicle and considering a particular make and model, it’s a good idea to request a car insurance quote before you make a purchase. The make and model can affect your auto insurance premium based on several factors.
- Machine size. The size of a vehicle’s engine expressed as “horsepower,” can affect the cost of insuring it. Cars with large engines can regularly reach higher speeds than those with smaller engines.
- Motorists who drive fast may be more likely to get into accidents, so an insurance company might lower that risk by charging higher rates for vehicles with more horsepower.
- Theft rates. Some cars are stolen more often than others. If you buy a car that’s popular with thieves, you’ll likely pay more for comprehensive insurance. According to the National Insurance Crime Bureau(NICB), the 10 most stolen vehicles in the United States in 2022.
- ford pickup
- Honda Civic
- Chevrolet Pickup
- Honda Accord
- Toyota Camry
- Nissan Altima
- Toyota Corolla
- Dodge pickup truck
- GMC Pickup
- Honda CR-V
- Vehicle cost. The manufacturer’s suggested retail price is a primary factor used when insurance companies set rates, according to Kelley Blue Book. This makes sense: expensive cars cost more to repair or replace after they’ve been damaged or stolen. If you buy a luxury vehicle, you can expect to pay more for insurance.
- Size and type of vehicle. Small and sporty vehicles are regularly considered by insurance providers toYou may pay high rates for all auto coverage because if you cause an accident, the insurance company may have to pay liability and collision claims.
- But buying a big car can also increase your insurance premium. For example, an insurance company may charge a high premium for a large, heavy SUV because of the damage it can cause when it collides with another vehicle.
Other Factors That Affect Auto Insurance
In addition to the make and model of your car, other factors that affect your auto insurance premium include:
- Age
- Location
- credit history
- driving history
- mileage
The best way to find out how much it could cost to insure a certain make and model is to request a quote for your car insurance. We are in the best availability to assist you in your language and to find the coverage you need.
Contact us and start saving money on your auto policy…
