| By :
Marilyn Katz
Lots of us do careful research and shopping before we buy a new vehicle. We are sure we accounted for every cost associated with our vehicle purchase. But then we realize we forgot to take the cost auto insurance premiums into account! Has this been your experience? It has certainly been mine! These days, when I go car shopping, I also make sure I have figured out how much it will cost to insure that car! Insurance companies already know that higher horsepower, sports cars tend to generate more claim dollars for them than economy cars do. Insurers keep careful records, and they spend a lot of time analyzing their numbers. Drivers just tend to want to use the power of their sporty machines, and that is a good recipe for higher amounts of auto accidents with higher bills from damage. Some autos are not always involved in more accidents, but are just more expensive to repair. Perhaps they have special parts that must be ordered from overseas, or they are just not common makes that Joe at the local repair shop stocks. Average repair costs will be another calculation that goes into the statistics. You may also want to consider the expense of making repairs for your own future convenience and budget. Some cars may not be involved in a lot of accidents, and they may be less expensive to repair, but they tend to do a lot of damage to other cars when they are in an accident. This can also be a factor in the price calculation. Obviously the amount of liability that a company takes on will affect the price they want to charge to cover it! And finally, you may be looking at a very attractive new car that is also attractive to those who make a living stealing them. Insurance companies also cover theft, and they will charge you more if they think your purchase is a theft target. We also know some examples of vehicles that are cheaper to cover, and sometimes the reasons are not all that obvious to us. Some insurers will give a discount for the new green hybrid vehciles. It is not so much about the vehicle, as it is about the owners. They believe it shows responsibility, and so they think those drivers are less risky. Of course, other factors will go into your bill. Your own driving history, where you live, and your age go into your final rate calculation. But you are probably already familiar with this, and so the type of shiny new wheels you drive off the lot will make the big difference when you have to call your car insurance agent and tell him you have just arrived home with a great deal. Hopefully the good price you got at the lot will still look good after you see your new car insurance bill!
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