There's a long-held belief in the car-owning world that getting auto insurance in Frisco TX for a red car is expensive - sometimes close to impossible - because driving a red car not only makes you drive faster and get more speeding tickets but it also makes you a magnet for other collision-prone drivers, just looking for someone to plow into. Fortunately, this is a myth at isn't borne out by statistics. In fact, according to the Insurance Information Institute, the color of your car has nothing to do with how much you'll pay for auto insurance in Frisco TX. So, what do insurance companies look at when it comes to insuring the car you buy?
The size of your vehicle. The color may not matter; but the size certainly does. You might draw the conclusion that if you own a small car, you should pay less for your insurance; but, in general, small car owners pay more for insurance. When compact cars are involved in accidents, the result is usually more damage, which leads to more repairs, and more injuries. Also, smaller, less expensive cars are often driven by young people, who tend to take more risks when driving - like speeding and driving recklessly. On the flipside, owning a bigger, heavier vehicle like an SUV can also mean paying more for insurance because the size of your vehicle means it can inflict more damage on other cars.
The cost of your vehicle. What you pay for your vehicle is the primary consideration for most insurance companies in determining how much you'll pay for auto insurance in Frisco TX. The more expensive the car, the more it will cost for parts and repairs or replacement in the case of a total loss.
The horsepower of your vehicle. While statistics don't back up the idea that people who drive sports cars and other high-horsepower vehicles cause more accidents, there is a reason that insurance companies generally charge more to insure vehicles with excessive horsepower. The reason is that, although drivers of these kinds of vehicles don't have more accidents than other people, they cause more damage when they do.
The likelihood that your vehicle will be stolen. Cars get stolen a lot. The reasons thieves choose the vehicles they steal are varied, from desirability to the demand for parts for certain makes and models. According to the Insurance Information Institute, roughly one-third of a typical, comprehensive car insurance premium goes to pay for auto theft claims. And if the car you choose is on the list of most stolen vehicles for the previous year, you'll probably pay more for insurance.
When you're looking for auto insurance in Frisco TX, remember that insurance companies don't just consider the kind of vehicle you're insuring, they also consider your age, driving record and a host of other factors when they quote a price. In Frisco, call us at the Anthony Blackmon Agency at 469-291-9006 for an auto insurance quote for your current or new vehicle. We'll explain to you all of the factors that go into the insurance rate you're given and we'll find the best rate possible for you. Visit us at www.anthonyblackmonagency.com to find out more.
Auto insurance Frisco TX
Anthony Blackmon Insurance Agency
9191 Kyser Way, Suite 200
Frisco, Texas 75034
(469) 291-9006
