Insurance Services of Washington Blog
While many people don that the style, brand, and model of their automobile will affect their vehicle insurance rates, the reality is it’s the size of the auto that matters more than many other presumed aspects. To give you an idea, this article tackles the following:
A lot of car buyers choose smaller cars because they believe the car is quicker and more agile to avoid the perils on the road. But, smaller vehicles have a higher insurance rate. In fact, some of the least expensive cars on the market today that are compact can have the highest assurance cost. On the other hand, large vehicles like pickup trucks are cheaper, on average, to insure.
Interesting to know: According to observation, luxury brands are costly to insure than other car makes.
Why Smaller Vehicles have Higher Insurance Premiums
If you’re one of those individuals who think that smaller cars can easily avoid accidents on the road because they are quicker than large vehicles, it’s necessary for you to know this. According to the observation of the transportation authorities, smaller cars get into more mishaps on the road compared with larger vehicles. If you believe that you’re getting a great deal on a low-cost, smaller car, you’ll soon realize that you’ll be spending more cumulatively on the whole expenses, since insurance premiums can drive up ownership prices.
Insurance providers set their rates based on how probable they forecast that a driver of a particular vehicle will get into a misadventure or file a claim. They also consider how compact the auto is and the level of its performance. Those vehicles with high-performance like sports cars are costly to insure.
Take note: The heightened risk for insurers corresponds to an increase in premiums. So before you purchase a car, it would be beneficial to consult first a professional insurance consultant.
Other Factors that Determine Auto Insurance Premiums
Reminder: Talk to a licensed insurance consultant to choose the right insurance plan suitable for you.
One More Thing Before You Go
When purchasing a car, you decide on the size depending on what your family needs. To ensure that you are covered, get the basic auto insurance policy from a reliable insurer.
At Insurance Services of Washington Inc., we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays and we're here to help you out. Learn more about our products and services by calling our agency at (425) 868-1123. You can also request a free quote by CLICKING HERE.