| Contrary to popular understanding, your driving | | | | Insurance companies, therefore, charge the |
| record isn't the only thing that auto insurance | | | | owners of these luxury cars more for their |
| companies take into consideration to decide the | | | | insurance. |
| cost of your policy. The model and make as well | | | | However, it's not always luxury cars or sports |
| as the year your car was made affects the cost | | | | cars that are targets for thieves and often, there |
| of your insurance. It might be wise, in the future, | | | | are certain makes or models that attract thieves. |
| to ask your insurance agent on the cost of | | | | Hence, if you happen to be the owner of one of |
| insurance for the car that you are considering | | | | these cars, you are also more likely to be |
| buying as there are many factors that determine | | | | charged a higher rate for your insurance premium, |
| the value of the insurance policy that you should | | | | as there is a higher risk. |
| get for you car. | | | | Alongside that, there are cars that have a higher |
| For example, if you own a car with high tech | | | | risk as well as they do not provide sufficient |
| accessories, it is likely that you are going to have | | | | protection in the event of a crash. Compact cars |
| a higher auto insurance premium. Having high tech | | | | tend to offer very little protection in an accident |
| accessories installed, especially if they're | | | | and often sustain a lot of damages, costing the |
| prominent, increases the appeal of your car for | | | | insurance company more money. For that reason, |
| car thieves. Also, when the providers consider the | | | | insurance premiums for smaller cars tend to cost |
| cost of your premium, they are taking into | | | | more. |
| account reimbursing you for the accessories as | | | | It must be mentioned that not only those who |
| well as your car. | | | | drive sports cars are prone to driving faster and |
| Sports cars also attract higher premiums as they | | | | or more dangerously. In general, drivers in cars |
| have been proven to be more dangerous and | | | | with higher engine horsepower and performance |
| accident prone than the standard car. Driving a | | | | capacities are, statistically, likely to speed. Again, |
| sports car also motivates one to drive at higher | | | | this increases the risk factor and insurers will not |
| speeds and, more often than not, over the speed | | | | hesitate to charge you more for your insurance |
| limit, thus getting the driver more speeding fines. | | | | premium. |
| As there are these added risks, insurance | | | | Conversely to small cars, if you drive a big SUV, |
| companies naturally feel more justified charging | | | | you're likely to be charged more for your |
| you more for your insurance policy. | | | | insurance as well. Although the SUV is less likely to |
| Also, as a general rule, more luxurious vehicles will | | | | suffer damage, there is still the chance that the |
| cost more to purchase. Not only that, but they | | | | driver of the SUV was at fault in the accident and |
| also cost more to insure. This is because the | | | | the insurance company will have to fund the |
| more expensive and elite the car, the more it | | | | repairs for the massive damages done to the |
| costs to replace parts or to repair any damage. | | | | other car involved. |