Before you decide to buy a new car, it's important to factor in all the costs. Principal payments, interest, and car insurance are important pieces to figure into your monthly loan. However, your car's make and model can result in higher car insurance quotes. Identifying several different components that can quickly put a dent in your budget is the first step to making an informed decision.

The Wrong Vehicle Can Influence Your Car Insurance Quote

Safety

As safety features continue to improve, so do your car insurance rates. Choosing a vehicle with better crash ratings and added protection can help you save money each month on insurance premiums. Before shopping for a car, talk with your insurance agent to find out which models have the best rates.

Theft Risk

When people think of car thieves, they expect to see mostly luxury cars on the list. They would be surprised! Most insurers review the data on automotive theft and factor it into their quote algorithms. If your vehicle of choice is on the most stolen list, you might see a premium increase. Those with added protections, such as tracking devices, could enjoy a decreased rate.

Body Styles & Performance

Imagine driving down the road, and you see a vehicle speeding towards you. Would you expect it to be a full-sized sedan or a sports car? An insurance agency will review such things as body styles, horsepower, and other performance indicators during their risk assessment. Historically, coupes and vehicles with "sporty" engines are more likely to be involved in accidents than other vehicles.

Value

Most insurers base their premiums around replacement costs. If you are in an accident that totals your vehicle, your full-coverage car insurance is in place to reimburse you for the value of the automobile. Luxury cars, full-sized trucks, and expensive SUVs are costlier to replace than a compact or economy car. 

Before you buy, it's helpful to contact a car insurance agent you can trust. Bruce Richardson, a State Farm Agent in Mooresville, IN, provides auto owners with reliable coverage and dependable customer service. If you're getting ready to purchase a new vehicle, call (317) 831-3500 or visit online to obtain a complimentary quote.