The Variables of Auto Insurance

When thinking of purchasing a new vehicle, consider what your insurance premiums will cost.

Statistics show smaller cars are typically driven at higher rates of speed by younger, riskier drivers. They are involved in more accidents, sustain more damage and are more expensive to insure. Larger vehicles, such as SUVs and pickup trucks may have higher liability premiums because they can cause a greater amount of damage to other vehicles involved in an accident. Expensive foreign cars cost more to insure because of the increased costs of repairing or replacing them.

And what about muscle cars? The more horsepower the vehicle has, the more you may pay for auto insurance.

Your age, driving record and where you live all factor into what you will pay for your auto insurance.

Contact Nadine at E. R. Munro and Company at 1-877-376-8676, ext. 136, prior to your purchase. Be specific about what type of vehicle you are considering – a four-door, six-cylinder model is less expensive to insure than a two-door, eight-cylinder model. After speaking to Nadine, you’ll have an excellent understanding of what your vehicle will cost to insure.