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