WHY DOES THE TYPE OF CAR I DRIVE AFFECT MY INSURANCE?
WHY DOES THE TYPE OF CAR I DRIVE AFFECT MY INSURANCE?
By Tom Black Serenity Group
One would usually think that a car is a car when looking at liability insurance for the car. After all, liability insurance covers damages to a person and or his property caused by the insured’s auto. Right?
Yes, that is true. But certain cars and trucks have a greater chance of being in an accident than others. For example, large Four Wheel Drive pickups and SUV’s usually do more damage to another car than a sedan type vehicle.
Sports cars and muscle type cars may be surcharged on a policy because those types of cars are usually involved in more citations and, thus, more accidents.
Yet other cars are important to rate properly because of their value. Any time we lease a car or buy a car with payments, we must insurance the auto for its value. This is what is referred to as physical damage coverage. A car that will cost $50,000 to replace will cost more than a vehicle that can be replaced for $20,000.
Some high value cars are more susceptible to theft. These cars are usually insured with a high deductible.
Cheapest to insure? I’d go with normal, sedan type car or compact, which I owned, so I did not have to pay for Collision or Comprehensive Coverage.
Whether you are a preferred driver looking for cheap car insurance or a high risk driver required to carry Form SR 22 insurance, Serenity Insurance can meet your needs. Do you need affordable car insurance right now? Put us to the test! We work with a large number of companies to get the most competitive auto insurance rates for our customers.
Call us now toll free at 1-800-774-0520 or fill out an car insurance quotes request.