Car types and auto insurance rates | Automotive - ogorcof's posterous

The majority of car owners seem to get surprised when they learn about different insurance rates for various vehicle classes. From their perspective, it?s not important whether it?s a small car or a hot rod as long as they have a good driving record and don?t get in trouble in traffic. However, for auto insurance providers it?s a whole different perspective and they will charge you with different premiums depending on the type of car you?re trying to insure. Thus, it?s good to bear in mind the following characteristics of each car type and make your decisions correctly if you want your auto insurance budget to be limited:

Smaller vehicles

Small sized autos are generally quite cheap and rather comfortable in the conditions of a big city with heavy traffic. Usually having low engine volumes, top speed, being stolen quite rarely and inexpensive to handle at repair these cars are very economic. However, insurance can sometimes be a bit costly for small cars because they tend to get damaged very bad during accidents. The laws of physics aren?t on small cars? side during collisions because the smaller object tends to get the most damage regardless of the safety features the manufacturer has included. Because of this, there are more costly claims with such vehicles, and the insurers respond with respective pricing.

Medium autos

These cars are typically recognized as the safest and the cheapest to insure. Sure, it depends on the particular make and model, but the general rule is that these cars are quite safe, have low repair costs and theft rates, and tend to get damaged much less than smaller vehicles during an accident. So, you will usually get the best auto insurance rates for this car type.

Large vehicles

Large cars and SUVs are certainly very comfortable and give you a whole different perspective in traffic. However, it?s the size that we all love that can be a problem with these vehicles. Because of their size and increased mass as compared to other vehicle types SUVs tend to produce more damage during accidents, especially when there are other cars involved. The third party liability cover with an SUV is usually higher because the other car tends to get damaged quite bad and there are likely to be injuries as well. Add up the higher repair costs for such vehicles, and you?ll understand why SUVs are usually more expensive to insure.

Sports cars

Such cars are an advantageous option for car buyers since they are both cool and cheap. But when it comes to insuring a typical sports car, you will actually have a hard time finding cheap auto insurance because insurers tend to classify such cars as high risk. Increased top speed, engine volume, elevated theft and accident rates as well as the likelihood to produce a very serious car crash all contribute to expensive auto insurance rates for sports vehicles.

Exclusive and expensive cars

It shouldn?t come as a surprise that expensive luxury cars will cost more to insure than other car types. Yet, it?s not because they are costlier to purchase ? insurers have other reasons to charge higher rates for such cars. First of all, they are typically very expensive at repair, often requiring exclusive and overpriced repair parts that are hard to find in an ordinary repair shop. Moreover, such vehicles are often targeted by car thieves and burglars due to their value and exclusivity. So don?t expect to get cheap auto insurance for any luxury car.

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