The type of car that you drive will influence the car insurance rate. High profile car are often charged with a higher premium rate. Economical car such as a station wagon is charged with a lower car insurance rate. Racy cars have higher premium rate because their parts and the repair cost are expensive. However, cars that are too old and need frequent repair will also be charged with a high premium rate.
Every year, the car insurance company will conduct a study on the different models of car. The result of the study will be recorded so that the insurance company can reference to it at anytime. The statistic shows the risk level of each car model. The rate of the car insurance is also dependent on the loss history of the particular model. Small cars that are trendy among the young drivers are expensive to insure compare to other types of cars. One of the most expensive cars to insure is the Porsche two door coupes. It is estimated that the average insurance cost for the Porsche is $3000. If you have a bad driving record, you probably have to pay for a higher rate. The least expensive vehicle to insure is the Mazda Tribute I SUV.
The insurance rate is also influenced by the horsepower. The horse power refers to the speed performance of the car. Cars with a high horse power are usually expensive cars. The rate for a vehicle with a high horse power is more expensive because it is more likely to be involved in a collision.
