Does the Type of Car I Drive Change my Car Insurance Rate?

insurance-rate-chicago-drivingThe short answer is yes.

The cost of any insurance policy is based on two variables, how much would the company need to pay in the event on a loss, and what is the likelihood of that loss happening.

If your car is very expensive to repair or replace, your insurance company is going to need to charge you more money. If you are a young driver, or have a bad motor vehicle report (MVR), the insurance company is going to believe that the odds of them paying a claim are greater, and again the company is going to reflect that level of risk in their rate they charge you.

For liability only policies, the Auto seldom makes any difference.

At Urban Insurance Agency, we welcome your calls. If you are planning on getting a new car, please give us a call first and we will be happy to provide you with a quote before you buy the car.

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Call Urban Insurance Agency for a Free Car Insurance Quote. 1-800-680-0707

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