When it comes to getting insurance for your car, there are an almost infinite number of personalized factors that auto insurance quotes companies take into consideration in order to determine the rate you will pay. Two of the most important are the type of vehicle you are wanting to insure and the city and state in which you reside. The cost to replace or repair a damaged car or truck has a huge impact on how much an insurance company will charge to cover it. Also, city and state laws regarding the minimum amount of coverage a driver must have will influence the variety of plans you could choose from. For example, Birmingham, Alabama only requires drivers to carry a $5,000 liability policy in order to protect other drivers where as Albany, New York law states that drivers maintain a $25,000 policy to protect other vehicles and property.
Repair costs of a car are the main factor in determining how much you will pay for insurance. Vehicles today are increasingly made of exotic materials that are expensive to replace. For example, a three year old Chevrolet Impala is a fairly common car on the road today and therefore will have a large supply of replacement parts available at a low cost. A new Ford GT is very rare, on the other hand, and made of high strength steel and aluminum, of which there are few parts in inventory. The insurance company would require a much higher rate for the more expensive, rarer vehicle.
Peace of Mind on The Cheap
These days everyone is broke or afraid of going broke and looking for ways to make what money they have last. One thing everyone needs is car insurance. In most states it is illegal to drive without it and if you are caught you could face losing your license, having your car impounded or hefty fines. Maybe even all three!!
If you don't own a car right now, one thing to keep in mind besides price, is what is going to be cheapest to insure.
Insurance costs vary greatly by age, sex and state. Yes, sex plays a role, especially if the driver is under 21. Insurance companies assume that boys are more reckless than girls and their rates are normally higher, though ANYONE under 21 is usually considered a liability and will pay a more costly rate. Of course a history of accidents or traffic tickets will earn a higher rate no matter what your age, so safety first!
If you are a mature driver with few or no accidents or tickets, what are the cheapest cars to insure? According to a national insurance website, Chrysler PT Cruisers, Dodge Caravans and Saturn ION sedans are the cheapest. The car, however, figures in only half of the equation. Insurance rates vary greatly depending on where you live.
States like Kansas, Montana and Oklahoma, all central states, have lower rates than coastal states like Texas, California or New York. Age, car model and where you live will all affect insurance costs.
