Purchasing a Car Insurance Friendly Vehicle

Purchasing a vehicle before obtaining a quote on car insurance can be a disaster. Many times, a driver will buy a car and end up having to take it back because they find the insurance rates to be beyond their budget.

One example is an eighteen year old driver with a couple tickets which was paying $90 per month for his 1999 Toyota Corolla with full coverage. He then decided to trade in the vehicle for a 1998 Ford Mustang. He assumed that since the vehicle was about the same price and one year older, his rates would be within the same range. Unfortunately, he came to find out that his rates close to doubled because the Mustang fell into a “sports” category which insurers can determine to be a high risk.

Getting rate quotes before making such decisions is recommended since quoting is fast and simple. Before deciding which vehicle to purchase, make a quick stop at OnlineAutoInsurance.com to get free online car insurance quotes from multiple companies by simply answering one quick questionnaire.

You’ll be surprised at the difference in rates from one vehicle to another. Car insurance companies look at different factors of a vehicle including:

• The cost of replacement parts.
• The loss statistics of a vehicle including how often it’s stolen, how safe it is in case of an accident.
• The vehicle classification such as truck, sedan, coupe, SUV, hatchback, limousine, commercial truck etc. The type of vehicle affects premiums even if it’s just liability coverage.
• Make and model of vehicle. Some exotic or sports vehicles such as Ferrari, GT, Shelby and Saleen Mustangs, Porsche, turbo equipped vehicles etc, will be expensive to insure and sometimes unacceptable to some carriers. They may look at these vehicles as a high risk.
• Luxury vehicle such as Mercedes, BMW, Jaguar etc, may be expensive to insure if adding physical damage, or comprehensive and collision coverage (protection for the actual vehicle itself) because the repair and replacement costs can be quite high.

The bottom line is that it is a great idea to run a quick car insurance quote before making your automobile purchasing decisions. Many other factors will affect premiums such as driver information including age, driving record and even where one lives so it’s best to not assume that rates will be within a certain range when a free rate comparison can be completed in minutes by visiting OnlineAutoInsurance.com