| This isn't old news, but the type of car
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| | to traffic accidents; and in many cases,
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| you buy effects your auto insurance
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| | the cost to repair high-performance
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| rates. The more expensive or
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| | vehicles is significantly more than other
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| high-performance your car is, the higher
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| | vehicles. Sport utility vehicles (SUVs)
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| your premiums will be. Why? It's because
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| | are also weighed as high-liability
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| the cost to repair a luxury or sports car
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| | vehicles. That's because studies have
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| is often significantly more than it is to
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| | shown that SUVs cause more damage in an
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| repair an economy car. It's a matter of
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| | auto accident than a standard economy or
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| mathematics. Less expensive automobiles
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| | sedan model. In this case, some auto
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| are not as costly to repair if they're
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| | insurance providers increase the
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| involved in an accident. For some
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| | liability premiums for high-performance
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| higher-end cars and trucks, just to
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| | cars and SUVs.
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| replace a side-view mirror could cost a
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| | Before You Buy, Research
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| few hundred dollars.
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| | If you want to keep your insurance from
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| How Rates are Set
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| | skyrocketing, it's a good idea to do some
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| Car insurance companies refer to the
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| | research before you hit the dealerships.
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| Insurance Services Office (ISO) when
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| | For starters, ask your existing car
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| establishing coverage costs. The ISO is a
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| | insurance company for an estimate on a
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| reporting group for the insurance
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| | few makes and models you're thinking
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| industry that publishes a statistical
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| | about test driving. The quotes you get
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| manual that rates vehicles based on the
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| | back will give you an idea of how much it
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| manufacturers suggested selling price,
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| | will cost to insure those makes and
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| its loss history (if the car is not brand
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| | models. Having those quotes in hand will
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| new), and in some cases the vehicles
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| | also help you keep your spending under
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| safety liability and theft level. The ISO
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| | control by reminding you that you also
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| establishes a number between 3 and 27 for
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| | need to consider insurance rates when
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| each vehicle. The number assigned
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| | estimating how much you can afford on a
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| symbolizes the comprehensive and
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| | new car.
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| collision cost/coverage of that vehicle.
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| | Your age, where you live, and your
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| The higher the number, the more costly it
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| | driving record all play a factor in the
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| is to cover that vehicle.
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| | cost of your auto insurance. Of course,
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| Now let's look at a few examples. If you
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| | the ultimate factor is the type of car
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| have a car that is considered an economy
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| | you drive. The difference between
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| car, yet the specific make and model you
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| | insuring a four-door economy car will be
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| have has a high theft rate (i.e. it is
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| | significantly less than insuring a
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| stolen more often than other cars on the
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| | high-priced sports car. So, if you're
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| road), the number the ISO establishes for
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| | shopping for a new car, remember to keep
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| the car might be high. For sports cars,
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| | your future auto insurance premiums in
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| the ISO number is normally high because
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| | mind. It will help you make a more
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| the faster the car, the more prone it is
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| | informed and affordable choice.
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