Car Insurance Rates by Make and Model

You may be wondering what influences your insurance premium. Car insurance rates are largely determined by the make, model, and year of your car. The cost to repair or replace your vehicle is calculated according to these factors. Think of your car’s make and model as your last and first names. These are the same thing, but they’re also different. Below are some of the factors that affect premium prices. Keep in mind that insurance premiums vary widely depending on the make and model of your car. az auto insurance quotes

What Make and Model of Your Car. The more expensive your car is, the more likely it is to be damaged in an accident. Because expensive cars are more expensive to repair, insurers charge more for insurance. Also, luxury and sporty cars are more expensive to insure than more affordable cars. The same goes for sports cars. Those with high-end equipment and performance may be more expensive to repair. Carmakers also charge higher rates to insure expensive cars.

Location. Car insurance companies base their rates on several factors, including the location of your car and your zip code. Some states use zip codes to determine premiums. These factors include crash statistics, repair costs, and theft and burglary data. If your ZIP code is a good match for your car, your premiums could be lower. Regardless of which vehicle you drive, make sure you compare your quotes and understand how they will affect your rates.

Comparing Car Insurance Rates

Average car insurance rates vary considerably. The average cost of car insurance depends on a variety of factors, including auto insurance laws and the risk of natural disasters. Additionally, your ZIP code also influences the insurance rates in your city. Insurers can charge very different rates based on the same zip code. Insurers base their rates on these factors, so make sure to compare quotes for the same coverage. By comparison, the average cost of full coverage car insurance is $1,771.

Those in their thirties can still find discounts by raising their deductible or changing their insurance policy. However, they may not qualify for a full-fledged discount. As the thirties are seen as continuations of the twenties, car insurers see little difference in the cost of insurance for a 29-year-old driver versus a 39-year-old driver. Compared to the twenties, drivers in their thirties receive less than a one percent discount per year.