Hi, I have a plan of buying a new car here in Manchester, New Hampshire and I wanna know what features in my new car will affect my insurance premiums. Is it true that if you buy a sports car or one which is likely to be stolen more would increase my premiums? I guess, I would like to know which cars are cheaper to get auto insurance for?

Carlo

Manchester, NH

Several things could actually affect the premiums you will be paying for your car insurance. Your car insurance premium would be slightly higher on that type of vehicle because insurance companies assign some amount of risk to the make and model of the car, but that would not be all. There are a lot of factors more important that the type of vehicle you are driving in determining the rate of the premium. These factors include the age and the gender of the driver, his/her driving history, density of vehicle in the area, overall market for insurance, etc.

Other factors that can affect your car insurance premium are how expensive it is to repair the vehicle and its safety equipment. Car insurance companies need to determine how much your car accessible to thieves is so the design of your car and the facilities are also important deciding factors for your car insurance premiums.

The ‘distance covered by cars’ is also an important factor towards deciding the premium rate because the more distance the car covers, more likely it is gonna get damaged by another car. As much importance as picking up the best car for you, you should also pick up the best car insurance. Get an online rate quote from a great insurance company in Manchester, New Hampshire available on this website and find out how much you could save on your car insurance.

Regarding car insurance in Portland Maine, does it matter if the car I will purchase is new one or a used car?

Malcolm

Portland, ME

In general, a used vehicle will cost less to insure since its worth is normally less than a brand new car. Also parts and repair costs tends to be lower for a used car in comparison to a new car and thus if the car must be repaired after an accident the expense should be less for the insurer to fix the used car.

If the new car though is a mid-size family sedan it may cost less than let’s say a used Porsche to insure. So it will still depend on the type of vehicle as well as the age of it on how insurance company will rate your vehicle. Collision-damage costs are also one of the main factors considered in differentiating the cost of insuring one type of car over another.

To a lesser extent, you also want to look at how attractive the car is to thieves, whether it is new or used, if a car is popular to thieves and often stolen it may be higher to insure. If you are searching for a car to buy in Portland, ME and are trying to decide between a new or used car, you can get an automobile insurance quote online if you have internet access, on each vehicle to see what the price difference would be for each to be insured.
One of the best ways to lower your annual premiums is to have a higher deductible amount.. Like a $1,000, is what I carry personally.

Now, if you are a claim free and safe driver like I am, you could be saving a ton of money each year on your premiums.  People fail to realize that the deductible amount is only paid when they file a claim and their insurance company pays that claim.