These Vehicles May Require More Expensive Car Insurance in Newark, DE
When you’re looking to save money on car insurance in Newark, DE, you might avoid buying certain makes and models of automobiles. These are expensive vehicles, such as luxury sedans with cutting-edge technology and posh interiors. Or, they’re sports cars with big engines for high performance. For the most part, these are foreign-made vehicles that ensure you’ll pay a high premium.
Cars Claiming the Highest & Lowest Rates
The car’s initial cost plays a part in the insurance equation, as it will take more money to repair or replace. Technology factors in, too, as do those luxury features. And convertibles pose a greater safety risk due to the soft and/or retractable roofs.
According to Insure.com, owners of the Mercedes AMG GT R pay the highest insurance premiums, followed by the Audi R8 5.2L V10 Quattro Performance. Both cost more than $4,000 to insure. On the other end of the spectrum, the Mazda CX-3 Sport and Honda CR-VLX had the lowest rates at a little more than $1,300.
So, one way to save on car insurance in Newark, DE, and elsewhere is not to buy those expensive vehicles. However, there are many other factors that impact the total, including the make, model, and year of the car. These include:
- Driving Record
- Where You Live
- Credit Score