Five Vehicle Features That Can Impact Your Auto Insurance Costs

Whether you’re buying a new 2018 model or just generally upgrading with a used vehicle, here are our top five vehicle features to keep your insurance costs lower:

Model:

It’s no secret that last year’s model comes with a lower sticker price on the window. The Manufacturers Suggested Retail Price (MSRP) also plays a role in how much your insurance will cost. The general rule is the older the model, the better savings you’ll see—both at the dealer AND on your insurance.

Trim:

There are lots of bells and whistles that can be added to your vehicle like special paint, graphics or leather interiors. These are grouped into packages identified by letters at the end of the model name, like GL, LE, LTD or SPORT. Since these add-ons cost more to replace, the cost of your collision and comprehensive coverage will also increase. 

Trim:

There are lots of bells and whistles that can be added to your vehicle like special paint, graphics or leather interiors. These are grouped into packages identified by letters at the end of the model name, like GL, LE, LTD or SPORT. Since these add-ons cost more to replace, the cost of your collision and comprehensive coverage will also increase. 

Body Style:

Most vehicles can be grouped by body style, like 2-door, 4-door or minivan. The bigger the body and the more people you can carry, the higher your costs for Accident Benefits and Third Party Liability coverage.

Manufacturing Region:

Where your vehicle was made impacts your insurance because it impacts the cost to repair your vehicle. European- manufactured vehicles are often the most expensive to insure, followed by North American vehicles. Asian-manufactured vehicles are generally the most cost-effective.

Manufacturing Region:

Where your vehicle was made impacts your insurance because it impacts the cost to repair your vehicle. European- manufactured vehicles are often the most expensive to insure, followed by North American vehicles. Asian-manufactured vehicles are generally the most cost-effective.

Upgrades:

Depending on your insurer, various upgrades can have an impact on your insurance. Increasing your horsepower, for example, could mean higher insurance costs. On the other hand, a vehicle with 4-wheel drive will save you on your insurance. 

Buying a new car? We’ve got coverage that’s right for you at a competitive price. Get a quote and see for yourself! 

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