Why your car’s model can cost you a fortune to insure
We are not necessarily thinking about car insurance when we’re looking at that sleek, silver convertible that can get to zero to 60 in less than 4 seconds. But car insurance is exactly what you should be thinking about before you shell out the big bucks for a car that will cost you even more in the long run. You consider horsepower and safety features, you ask about the gas mileage, but you’ve got to do your research on how much car insurance costs for your desired make and model. Some cars yield affordable car insurance; others come with big price tags and big car insurance premiums.
Insurers look at your credit history and your driving record when calculating the cost of your car insurance. But the type of car you are driving is another deciding factor and a car insurance agent will set your car insurance premium accordingly. Reasons for this include:
» Read more: Most Expensive Cars to Insure: Make and Model Matter