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Important Things You Should Know before Buying Car Insurance

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car insurance TulsaThe cost of your car insurance depends on a number of factors, such as your age, where you live, your marital status and your car. Well, nothing can be done about your age. But some people move just because they want to get lower premium. You can also choose a car that comes with a low cost of insurance. Here are a few tips to follow while buying car insurance.

Your Car Affects Your Premium

You may dream of a fancy SUV or a stylish sports car; but you should remember that your insurance provider may charge you more in that case to protect you while driving that type of car.

Premiums are based partially on the cost of the vehicle which influences the replacement cost if it’s ‘totaled’ in an accident or stolen. How pricey is your vehicle to repair, including labor and parts, can also influence the cost. Besides, surcharges may also apply to cars that are often stolen or undergo accidents.

As per the Insurance Institute for Highway Safety (IIHS), the lowest injury claims come from large vehicles like cars, SUVs and pickup trucks. The highest injury claims are from small 2- and 4-door cars. Small cars, along with sports cars, are one of the highest in collision costs.

A high-performance car can cost 2 or 3 times more to insure than an ordinary model. SUVs, the most popular market segment, usually have higher insurance costs than mid- and full-size cars because they are the most commonly stolen vehicles and are also more expensive than most cars. However some SUVs are fairly cheap to insure. At present, Escalade by Cadillac is the most sought after car by thieves, followed by the Nissan Maxima sedan.

However, remember that companies charge different premiums for cars based on their own experiences of getting claims by a particular brand. So, it’s better to shop around with the help of someone like car insurance Tulsa.

Premium is Affected by Who You Are

You may not like it but the factors that you’ve the least control on have the highest impact on your insurance cost. These include your age and gender. Single males below the age of 25 have to pay the highest rates, because they are involved in the accidents most of the times according to statistics. Women in the same age group have to pay lower. Married men also pay less than single men because they undergo fewer accidents according to statistics. Only a few states don’t allow charges based on age or sex, but this has resulted in higher costs for females, but not lower costs for males.

Remember these factors while buying car insurance and you can get your hands on the best deal. All the best!

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