Type of Car
The faster a car can go, the greater the risk of a crash—and greater risk means higher insurance rates. A car with lots of horsepower will likely be driven faster than something like a minivan, and the vehicles are typically used in different ways. A minivan or station wagon that carpools the kids to school and takes trips to the grocery store is generally going to be operated more safely than a high-performance car that’s likely to be driven at faster speeds.
The Insurance Institute for Highway Safety performs crash tests on new cars and publishes their findings at IIHS.org. A car that gets good ratings is going to be safer to drive and cost less to insure. Safety features that can affect a car’s crash test scores include crash-avoidance technology such as backup cameras and lane-departure warning systems, as well as other safety features like air bags and passive-restraint seat belts that work to minimize injury when a collision does occur.
The best way to learn what you’ll pay for insurance is to talk to your agent. Identify several models you’re considering, and the agent can give you insurance quotes to compare and answer questions about coverage. You’ll have the insurance information you need, and you’ll be one step closer to driving your new car.