Reader’s Question:

I am planning to purchase my own car in Texas. Is it true that particular cars are more expensive to insure? Why is this?

Timothy

Houston, TX

When you’re out there shopping for a car in Texas, it would be wise to be armed with important information about auto insurance. Depending on the type of car you may choose to purchase, auto insurance companies will assign it to a particular category. Some types of cars get classified as high-risk for various reasons. Expensive cars cost more to insure since they tend to be the usual targets for car thieves. Moreover, an expensive car will mean more expensive parts. Insurers charge more to policyholders with pricy cars because the cost to repair and replace parts can be quite high. One particular kind of vehicle that’s certain to get higher premium rate assessment is the sports car. This is because drivers of sports cars tend to push their vehicle to its limits. This is probably one of the reasons why they bought such a car in the first place. But public roads are not race courses and thus people driving sports cars have a higher possibility of ending up in a road mishap. Also, big cars like SUVs will also be charged with a higher rate because this type of vehicle can cause bigger damage due to its mass. Essentially, the value of the car will be the bottom-line reference and will definitely affect how much your auto insurance rates will turn out to be.

Tags: auto insurance, auto insurance premium, car insurance rate, high risk insurance