Premiums Dependent on Car Model and Type
May 13, 2008 2:37 am Guide, Tips, auto insurance
The type of car that you drive determines the premium offered to you. The more expensive your car is, the higher the premium will be. And if your car is likely to be stolen, you would pay more for coverage.
However, it’s better to drop some coverage if you’re driving an older vehicle. This doesn’t mean you have to underinsure. Also, reserve some for medical costs or medical insurance in case of accidents. Be mindful that different cars have different safety ratings. Higher-end and larger cars may be safer than smaller ones. So in case of accidents, it’s not only property damage you must consider, but also damage to life and limb.