why do some cars cost more to insure than others?
TRANSCRIPT
Why Do Some Cars Cost More to Insure than Others?
There are a variety of Factors that influence how much you’ll pay for Auto Insurance:
Driving RecordAgeGenderMarital StatusCommute Where Your Car is GaragedAnd… your Vehicle’s Make & Model!
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Why Do Some Cars Cost More to Insure than Others?
Why does the type of vehicle you drive have an impact on your insurance premium?
The type of car you drive is associated with a certain amount of risk. In the eyes of an insurance carrier, increased risk means increased potential of payout.
Your premium is determined as a means to cover potential claims. Thus, if your vehicle is historically associated with more accidents and costly repairs, you should expect that to be reflected in a higher premium.
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Why Do Some Cars Cost More to Insure than Others?
Sports Cars may have a Disadvantage:
Statistics Play A Role:Smaller Cars tend to be associated with more serious
injuries than larger vehicles, as they statistically tend to get into more accidents. They also have a harder time absorbing the energy of a crash, and oftentimes result in more serious damage.
Smaller, High-End Sports Cars are also more costly to repair than a standard, family-size vehicle. Insurers take this into account when determining premium.
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Why Do Some Cars Cost More to Insure than Others?
MINIVANS may have an Advantage:
Statistics Play A Role:Minivans tend to have good safety records, and
don’t promote fast or dangerous driving. Not to mention, the “minivan market” is largely
family-oriented, and many of the drivers are the do-it-all Soccer Moms!
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Why Do Some Cars Cost More to Insure than Others?
How Can You Avoid Paying TOO Much?
Regardless of the vehicle you drive, there are MANY insurance discounts available.
The only way to GET the maximum DISCOUNT is to know about ALL of them! And, the only way to know about ALL of them is to speak with an industry expert!
Your car insurance agent is the key to maximum savings! www.gillmanins.com
Get your FREE Quote Now:
We are pleased to offer you a
FREE Indication of Cost and Coverage on
Georgia Auto Insurance!
Or Call 678.822.0145
to speak with your insurance problem solver directly!
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