Are you planning to buy collision car insurance for your new car? It’s a good idea because this type of coverage can protect you and your vehicle in case of accidents. These are cheaper than comprehensive coverage plans that are typically suitable for older or expensive cars. However, before you choose any scheme, remember that your premiums can vary based on a couple of factors. For an idea of average collision car insurance rate, you can use online insurance price calculators, taking into consideration the points mentioned below.
Choice of car
Insurance companies consider the type of model you choose to drive when giving their rates. For example, if you buy a minivan or SUV, such as Toyota Sienna, you will likely attract lower insurance rates on your collision coverage. The reason behind this can be psychology and usage trends. Insurers feel that parents use these cars to leave their kids to school or for family fun. Hence, they are in safe hands and are less likely to face accidents. If you choose sports cars or trucks, you may have to pay a higher price.
Safety mechanisms
Having a suite of standard and advanced safety features in your vehicle can be an added advantage if you wish to lower your insurance premium. Rearview camera, emergency brakes, lane departure alert, lane-keeping assist, airbags, and other such components can significantly reduce the chances of accidents. A few Subaru editions and Nissan Rogue can be an ideal pick as far as safety ratings go.
Accident history
According to statistics, some car models tend to be more accident-prone. The insurance companies check those records to determine the price for their insurance plans. That means even if your driving records are clean, you will not be able to avoid higher premiums for specific makes and brands. So, before you buy a car or collision insurance, do check it with qualified websites and insurance firms how much rates they charge for a particular model.
Repair costs
Costly repair and replacement costs of the car can also directly impact your premium charges. If a vehicle is likely to incur a higher amount of money for fixing an issue after an accident, then you may have to be ready to spend more on premiums.
Car price
You will need to pay more premiums for the luxury, classic, collector, and other such automobiles with higher price tags. But you can get an average rate for your collision coverage if you opt for a cheaper model.
Crash testing
Some of the authorized organizations, such as IIHS and NHTSA, provide car crash test ratings after checking every model from different angles for their susceptibility to accidental damage. They test vehicles from sides, front, back, and every possible direction. The ones that enjoy higher crash test scores can be a better bet in terms of securing lower premium charges. You can look for minivans and sedans as a choice.
So, did you find your plan yet? If not, then keep these factors in mind and check a trustworthy insurance price calculator online to learn about what you may have to pay.
