I know that once you wondered Why cars of a different value, have another price on your auto insurance premium? Why a new car brand Corvette can be worth $ 1,600 (USD) per month on your premium, and an old Buick Regal, it costs $ 90 (US dollars) per month for your insurance premium.
That is why before buying a car, you should review your insurance costs, lest might buy a luxury car and trapped with the premium paid by your insurance.
There are three reasons why the insurance of a new car costs more than an old car:
1. The theft for a new, luxury and exotic car costs much more than the theft of another car, old, middle style. This is due to the large difference between the prices of both cars. An example, say a car Lamborguini Superlagera, against a Toyota Yaris, we will clearly see the difference between prices and hence a loss of self-assured luxury will cost more to replace it, which is why insurance for an expensive car is higher.
2. The value of the repair of a new car will cost much more than the value for the repair of an old car. Therefore, the cost of your insurance premium will be higher than that of an old car. Take the example of a new Chevy Caprice which is damaged by an accident he had, the repair shop will charge a much higher than if the same car but with 10 years old value. That is why the insurance company will charge for the coverage of your new car, a larger value.
3.The type of car and the style that has also greatly affect the cost of your insurance premium to the company providing the insurance charge. Auto companies currently use a system for the past loss experience what types of cars is concerned. And they use tables to calculate how much will be charged for your premium customers in the future. They see the behavior and the way of driving, we see clients with sports cars, which therefore have a tendency to drive too fast and therefore more risky, which owners with moderate management style.
Companies know that their losses were mostly for drivers with accelerated management style, which is why they see the type of driving customer before taking the value of your premium for car insurance. Therefore people with sports cars are more likely to run on motorways, hence greater risk of having an accident; so the price of your premium will be higher than that of a person who drives a car middle or lower class. Now that you know this, you will be careful when you buy your car.
TIPS & WARNINGS
That is why before buying a car, you should review your insurance costs, lest might buy a luxury car and trapped with the premium paid by your insurance.
There are three reasons why the insurance of a new car costs more than an old car:
1. The theft for a new, luxury and exotic car costs much more than the theft of another car, old, middle style. This is due to the large difference between the prices of both cars. An example, say a car Lamborguini Superlagera, against a Toyota Yaris, we will clearly see the difference between prices and hence a loss of self-assured luxury will cost more to replace it, which is why insurance for an expensive car is higher.
2. The value of the repair of a new car will cost much more than the value for the repair of an old car. Therefore, the cost of your insurance premium will be higher than that of an old car. Take the example of a new Chevy Caprice which is damaged by an accident he had, the repair shop will charge a much higher than if the same car but with 10 years old value. That is why the insurance company will charge for the coverage of your new car, a larger value.
3.The type of car and the style that has also greatly affect the cost of your insurance premium to the company providing the insurance charge. Auto companies currently use a system for the past loss experience what types of cars is concerned. And they use tables to calculate how much will be charged for your premium customers in the future. They see the behavior and the way of driving, we see clients with sports cars, which therefore have a tendency to drive too fast and therefore more risky, which owners with moderate management style.
Companies know that their losses were mostly for drivers with accelerated management style, which is why they see the type of driving customer before taking the value of your premium for car insurance. Therefore people with sports cars are more likely to run on motorways, hence greater risk of having an accident; so the price of your premium will be higher than that of a person who drives a car middle or lower class. Now that you know this, you will be careful when you buy your car.
TIPS & WARNINGS
- It would be nice as well you can communicate with your auto insurance agent so that you can make a free insurance quote for the car you intend to buy, and see if indeed that car will suit you or not.
- That is why to make an assessment is made before buying the vehicle, not after it is purchased.
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