Body style is factored into the rate because it does also play a part with having to do with safety features,” McKenzie says. “Generally, smaller vehicles are cheaper to insure because they are cheaper to replace. Here’s a breakdown of various trim types and body styles: “The different packages and safety features a vehicle has could make an impact of $5-$10 each month on insurance, depending upon the vehicle.” “The trim level of a vehicle may impact insurance prices a little, but not much,” McKenzie says. Trim styles that offer greater horsepower and luxury details can add to the vehicle MSRP, which could mean higher rates. In addition to year, make and model, your vehicle’s trim and body styles can affect your car insurance rates. To get accurate insurance quotes, you need to know the make and model of your vehicle, as well as the model year and other details: ZIP code and the ages of the drivers that will be listed on the policy, current insurance status, vehicle ownership status and whether you rent or own your home.Ĭheck out our detailed guide on Car make and model: What they mean and why they matter?Ĭan a car’s trim and body style affect insurance rates? The “model” would be your first name – the individual model of the vehicle, so this would be Camry (Toyota), Ram (Dodge) or Fusion (Ford). The “make” is the last name, or brand name – Dodge, Lexus, BMW, Tesla, etc. Think of a car make and model like your last name and first name. $60,000 is a significant difference in price, making insurance prices more expensive for newer, expensive vehicles.” What is a car's make and model? If a vehicle is totaled out, the cost to replace a vehicle at $10,000 vs. “If a vehicle is worth $10,000, it would cost a lot less to insure than a vehicle worth $60,000 because the cost of parts will be more expensive on a higher-value vehicle in comparison to a lower valued vehicle. “Insurance prices vary by year/make/model because each vehicle has a different value, which would be factored into the cost to repair/replace the vehicle,” McKenzie says. Theft rate: Vehicles that are stolen more often cost more to insure.Repair costs: If your vehicle has a lot of after-market parts, it will be harder to procure the parts and they’ll be more expensive.Sticker price: The higher the price of the car, the more you’ll pay for insurance.Safety ratings: Safer cars get into fewer accidents.Vehicle age: Newer vehicles cost more to insure because they’re worth more. So, when it comes to your vehicle, there are a few factors that affect how much you pay for insurance: The biggest factors insurance companies look at when setting rates are the vehicle and how much it will cost to repair or replace and the driver risk. Sports cars will also be more expensive to insure because their cost for parts is generally much more expensive than a Dodge or Chevy.” Why do insurance rates vary by car make and model? “Typically, foreign vehicles – such as a BMW, Toyota or Mercedes – will all cost more to insure because most of these vehicles require special parts to replace and special mechanics that specialize in foreign vehicles. “Models such as Chevy, Dodge, Mazda and Mitsubishi are all less expensive to insure, on average,” says Lauren McKenzie. Insurance broker at powered by A Plus Insurance
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