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