Car Insurance Costs For Different Cars

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Car Insurance Costs For Different Cars

Car insurance premium is calculated based on a lot of things, such as how old you are, your driving record and where you live. The type of car that you own is one of the factors that can change premium payment significantly. Here are some characteristics of your car that the insurer will take into consideration when determining the premium.

Type of Car

Sports car owners have to pay a higher premium, because their customers can usually drive at very high speeds. This would mean that they are more likely to be involved in more accidents that are also more serious ones.

Price of Car

It’s logical that the more expensive the car, the more expensive both replacing and repairing it would be, hence a bigger premium on your car insurance. To determine the price of your car the insurer would usually look at current market price.

Car Size

Statistics shows that small cars are involved in more accidents, because they are usually driven by the younger population at faster speeds. Big cars, despite being involved in less accidents, are usually involved in more serious ones. Choosing a medium-sized car can lower your payment for car insurance.


Faster cars with higher horsepower from their engines would need to pay more for their policy, because the faster a car can go, the more serious the accident involving the car will be. Faster cars are known to be usually owned by less responsible drivers too, that will drive the premium up even more.

Safety from Theft

Some cars are more prone to theft compared to others. Thieves usually target cars that have less security and more parts that are easy to sell. Your insurer will take this into consideration too, the more likely your car will get stolen the higher your premium will be. There are statistics that shows what the most stolen cars are, so do some research before purchasing a car.

You can control the amount of premium that you need to pay if you take these factors into consideration. Remember that car insurance cost takes a big part from the spendings you need  to own the car, so choosing your car wisely can save you a lot of money. Contact us if you want to know further about the estimation of your premium will be if you choose a certain kind of car.

At Sameday Insurance Services, Inc., we work hard in making sure that our clients are well-protected with policies that they can afford. To learn more about how we can help you, please contact our agency at (888) 750-9775 or Click Here to request a free quote.

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