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Higher performance cars usually have a higher insurance rate because they are more expensive to purchase and the cost to repair them if they become damaged is greater.
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∙ 11y ago
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Do red cars have higher insurance rates?
There is no insurance rating for "color of car".
How do the rates of Smart Car Insurance compare to the rates of insurance for other cars?
The insurance rates of Smart Cars themselves might be a little higher or lower than the rates compared to normal cars. However the demographic of people who buy smart cars tend to be people from low-risk driving populations which allows them to have lower insurance costs.
What does performance insurance cover?
Performance Insurance seems to cover BMW and high dollar cars, It is a coverage for higher cost cars with perks such as towing and certain damage repairs.
Is it true that red cars have higher insurance rates?
No. Red cars have a higher frequency of accidents, and a higher possibility of getting a traffic violation, but I have never heard of a company charging more for insurance. If you have one that does, you should shop around for another company.
It is generally found that premiums for automobile insurance are higher for red cars when compared to cars of other colors Typically to justify these elevated rates the insurance companies will cit?
This is totally untrue. Color has NOTHING to do with your premiums.
What factors cause insurance rates for cars to differ?
There are many different reasons why insurance rates for cars will vary greatly. One reason is definitely due to the person in question's record. If the person has a record of getting into car accidents, then their insurance rate will be much higher than that of a person without a record at all.
Why would an insurance company want to know the size of the car engine?
In a case of some vehicles the choice of engines can be anywhere from 4 cylinder engines to 8 cylinder engines. This can determine the value of the vehicle as well as the performance of that vehicle. Higher valued cars will cost more to replace when a claim is made. Higher performance cars are shown to be in more accidents. Usually, those who choose to drive higher performance cars are riskier then those who choose to driver lower performance cars. This may not be true in your case, but overall.
What type of vehicle models qualify for any kind of discount on insurance?
Generally, smaller family sedans will fetch the cheapest insurance premiums. Sports cars and trucks tend to have higher rates.
How much on average does classic car auto insurance cost?
Well maintained classic cars tend to have higher values than newer models in similar conditions because of their collector's status and the insurance rates will be higher. Because of the wide spectrum of classic cars, it is impossible to establish an average rate that is meaningful.
Where can one get insurance groups for cars?
Insurance groups for cars can be obtained at any accredited insurance company. For example, Geico and Metlife offer these services at reasonable rates.
Do fuel efficient cars typically use higher octane gasoline?
No, higher octane fuel is only necessary for higher performance cars. Highly efficient cars can usually use the lowest octane fuels, because they are not designed for performance.
Where could one find cars with the lowest insurance rates?
To find cars with the lowest insurance rates, it is a good idea to get an insurance quote for the car you wish to purchase. Older models and lower engine powered cars tend to be cheaper to insure. To find these cars, one may look at the Auto Trader website.
