If you’re thinking about purchasing a new vehicle, chances are good you’ve considered things like features, fuel economy and cost of repairs. These are all important things to think about, but you may be forgetting about a significant cost associated with car ownership—auto insurance. Rates can vary significantly depending on what kind of car you drive, so it's important to know how these rates are calculated because it could help save you a lot of money in the long run.

How Are Insurance Rates Calculated?

Your age, your driving record, and location are all different factors that can affect your rate for car insurance in Torrance and San Pedro. What type of car you drive can also have a significant impact on how much you’ll pay.

For example, people who drive minivans are often carrying children and are more likely to drive carefully. On the other hand, someone driving a small sports car is more likely to drive faster and more aggressively, raising the risk of an accident. So you may be asking yourself, is my car going to cost me more in insurance?

What Are the Most Expensive Vehicles to Insure?

As a general rule, the more expensive a car is, the more it will cost to insure. In fact, for most insurance companies the price of the vehicle is the first thing they will consider as they put together your rate quote. Vehicles with theft risk and bigger motors are also likely to have a higher car insurance rate.

If you’re an owner of a Toyota Camry, Nissan Altima, a Ford F-series, or expensive sports car, you may be paying a higher auto insurance rate.

What Are the Least Expensive Vehicles to Insure?

If you’re looking to save a buck or two, consider owning a vehicle that can potentially give you a lower insurance rate. Insurers today will consider claim histories, accidents and theft attempts in an insurance rate, so it’s important to consider your vehicle choice wisely.

Car models such as Subaru Outback, Ford Escape, Toyota RAV-4, Honda CR-V, and Chevrolet Equinox are all considered to be low-insurance rate vehicles.

As you consider your choice in car insurance, look no further than auto insurance from Insurance Center Associates, with offices offering car insurance in San Pedro and Torrance.

For more information about your car insurance options visit Insurance Center Associates.