Owning these types of vehicles often drives up car insurance rates:
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Sports cars have some of the highest auto insurance rates, not just because they’re built for speed: Drivers of these cars tend to be younger and therefore more accident-prone, which drives up the cost of insurance.
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High-end luxury cars are typically expensive to insure because repairing them can be pricey, and it costs more to replace them if they’re totaled.
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Electric vehicles can be pricier to insure due to their higher price tags and repair costs; replacing an EV battery alone can cost thousands of dollars.
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Cars most targeted by thieves also cost more to insure. Comprehensive insurance pays out if your car is stolen; it also covers damage from vandalism, fire, floods and other problems.
Rates vary dramatically among insurance companies, so it’s important to shop around. Compare car insurance quotes and see which companies offer the lowest insurance in your state. Ask the insurers about discounts, too. Many offer price breaks if your car has safety features that reduce the risk of injuries or theft.
