| Just because a car is cheap doesn't mean the | | | | stolen are more expensive to insure. Thieves have |
| insurance will be. High-cost cars aren't always the | | | | their favorites based on market demands and |
| most expensive to insure either. If you are concerned | | | | interchangeability of parts. The Honda Accord and the |
| about high insurance rates, you probably shouldn't go | | | | Toyota Camry are the most frequently stolen cars. If |
| out a buy a new $33,000 Honda S2000 convertible. | | | | you live in an area where there are high auto theft |
| And that little inexpensive Volkswagen GTI, listed at | | | | rates, you could pay more in premiums. Insurance |
| $22,000, will cost you as much in insurance as its | | | | fraud is also on the rise and will result in higher |
| bigger cousin, the Passat, which costs twice as much. | | | | insurance costs, especially if you live in New York, |
| Looking for cheaper insurance rates? The 2004 | | | | Massachusetts or Florida. |
| Chevrolet Aveo and the 2004 Chevrolet Colorado are | | | | Model year, weight and vehicle type: The more power |
| among the cheapest 2004 models to insure. | | | | you have the higher premiums you will pay. Sports |
| The main factor in the cost of insurance for certain | | | | cars, high-performance vehicles and luxury cars have |
| vehicles is not in the price, but its claims history. For | | | | the highest losses for vehicle damage and small, light |
| example, certain cars are proven to be stolen more | | | | vehicles have the highest death rates. Passenger vans |
| often. Some have high repair costs or are in more | | | | and station wagons have the lowest losses for vehicle |
| accidents than other cars. There are many factors, not | | | | damage. SUV's and trucks will generally sustain less |
| just the cost of the car, that affect the premiums. | | | | damage in a collision, but will cause more damage and |
| Insurance premiums are based on several factors, | | | | higher liability claims. |
| including: | | | | Driver demographics: Your age, where you live, your |
| The sticker price: a car that costs more to buy, costs | | | | gender, driving record and credit history will affect your |
| more to replace. | | | | premiums. If you have a bad driving record, you will |
| Repair costs: Repair costs are skyrocketing at nearly | | | | pay a lot in insurance premiums. If you have a good |
| double the overall rate of inflation. There are so many | | | | clean driving record, you'll pay less for insurance. |
| technological advance included in cars that they are | | | | Technological progress: New gadgets and doodads in |
| more expensive to repair. | | | | cars will make your premiums higher. This is because |
| Theft and fraud patterns: Cars that are frequently | | | | the cost of repairs is more expensive. |