There are a lot of factors involved when insurance companies set the rate for coverage on your car. Your age and driving history has a lot to do with it, but the car itself can go a long way in determining the cost of insurance. The XL Brokerage Inc. insurance agency in Selden, NY offers a variety of plans and can help you get the best coverage for your situation.
One factor is whether replacement parts are expensive. An export with expensive parts is going to cost more than a basic sedan made in the United States for that reason. Also, the popularity of the car, especially among thieves, has an impact. Older cars are often less expensive to get insurance for, but an exotic sports car that is older will still cost more.
Sports cars, in general, cost more to insure than regular sedans. A special sports package on a sedan can also hike up the rates. Sports cars go faster, and are often driven by younger people, and tend to have the most accidents.
Expensive cars often have higher insurance rates as well because of the cost of replacing or repairing them. Parts cost more for a luxury car, so that makes the rates go up. Electric cars also have higher insurance rates because of the cost of the vehicle and the cost of repairs.
Trucks are often more expensive than cars in general, and the insurance rates are higher as well.
The cheapest new car to insure would be a basic sedan or coupe. A lower cost car would also be cheaper to ensure. The website Nerdwallet.com says the Subaru Outback, Ford Escape, and Chevy Equinox are the cheapest cars to insure.
The XL Brokerage Inc. firm in Selden, NY has all the information you need to help you decide which car to get, and they have the policies to give you coverage once you have the car you want.