Do You Need a Boring Sedan for Cheap Auto Insurance?

There are many things that affect the premiums. But, only a few of them make a significant change in the bottom line. These are your zip code, driving history, your ride and credit score. Many people think that you need to buy a boring sedan to get the cheapest car insurance rates. This article will look to see if it is a myth or there is a truth behind such thinking among motorists.

Definitely certain automobiles are less risky in many aspects and they are favored by carriers. And some are clearly considered more dangerous and attract higher premiums. Also, there are areas where things aren’t that clear cut. While a vehicle may be losing points in one aspect it may more than make up for it in other areas.

Here are some of the points to consider before answering any of those questions;

Potential Speed and Its Implications

If a car can speed up fast and has plenty of horsepower behind it you can bet that the owner will have to pay higher auto insurance premiums. When you start driving those vehicles you immediately know why. Even if you step on the gas your boring sedan still doesn’t take off easily. On the contrary a sporty automobile is like a wild horse that likes to run. Even if you don’t touch the gas, they power through effortlessly. That is why they can be dangerous, especially when the driver is inexperienced.

Repair and Replacement Costs

This is a hot issue lately with the costs rising. In general, if it is expensive to repair or replace a vehicle and it needs special parts and specialist mechanics you are expected to pay for it. If it is a very common one with plenty of parts in the market and most garages can repair, you can expect cheaper auto insurance for it.

Its Safety Records

There is a myth that SUVs should be expensive to insure. Some of them are and there are good reasons for it. But there are plenty of SUVs which are safer in the way they protect passengers and drivers and avoid accidents. Especially newer models excel in this point that they may even attract cheaper rates in comparison to some sedans.

Theft Potential

It is another area to consider. General misconception is that thieves go for expensive automobiles. That may be true for a joyrider but a seasoned thieve looks at several key points. They often stay away from high end autos because they have many security features to overcome and have trackers. There aren’t many people looking to buy Lamborghini parts in the second-hand market. Those owners can pay for original parts.  

Also, they want to be able to fence the parts they steal easily and it is only possible if the vehicle is common and its parts can be fitted to many other brands. Also, they prefer the ones that are easy to break in. Often, they don’t even drive it. They just take the parts and off they go. So, a Honda Civic attracts more surcharges because it is one of the easiest vehicles to break into and its parts are in high demand in the second-hand market.

Your Age and Driving Records

This is as important as the vehicle. In the experienced hands the premium differences may be negligible. However, you may not even be able to find coverage if you are a teenage boy and want to drive a fast car. Companies know very well that an older driver will be able to handle the vehicle, while a younger driver may not even realize what he/she is dealing with.