Car insurance isn’t a one-and-done deal. It’s an ever-changing, dynamic negotiation between the insurance company and all the factors that make up your driver profile.
Between the features of the car you drive and the personal variables that could affect your premiums, no one insurance package will resemble another. And hundreds, or even thousands, of dollars could make up the difference.
Whether you’re looking into buying a vehicle or reconsidering your current insurance package, using a car insurance cost calculator could put the total cost of car ownership into better focus.
Luckily, Insurify makes cost estimation painless with the Car Insurance Calculator. The Car Insurance Calculator takes all of these variables into account when analyzing your profile:
State Minimum Protection
*Estimate based on a market average of rates provided to other users in zip code 90011 with a clean driving record, and matching your selected criteria: married, 28 years old, have no kids who drive, own your car worth less than $5k, and rent your home.
Read on for a more in-depth exploration of the factors that might affect your car insurance quotes.
Not all car models are created equal. If you’re in the market for a Tesla, for instance, insurance companies won’t treat you like they would if you were the buyer of a pre-owned Honda Civic.
For one thing, with more expensive vehicles come pricier insurance packages. Insurers may assess risk differently, but higher-end cars are more susceptible to theft and damage. Insurance companies will often seek to cover the entire retail cost of a car should it be stolen or irrevocably damaged in a collision.
Owning a car with better safety ratings, or one which might be more reliably protective of drivers and passengers, will help lower insurance costs. Drivers of “riskier” vehicles may otherwise be in jeopardy. Increased risk of injury will likely lead to higher premiums.
Do you know what your car is made of? You should—some models are manufactured with special (and expensive) materials that are difficult to repair. Insurers might raise your premium if you own a vehicle of this type, anticipating the higher cost of damage claims.
If you’re shopping around for a new policy, it’s especially important to know all the variables that make up your driver profile. Each insurer assesses risk differently, so these aspects might be weighed differently as well. Regardless, the following groups of factors should be taken into consideration as you explore different car insurance options.
Comparison shopping is the bread and butter of the 21st-century online marketplace. Now that you know all the factors that go into an auto insurance quote, the insights garnered from a car insurance estimator probably seem pretty intuitive. But there are multiple carriers out there, looking to charge you different rates for similar packages. How to choose between quotes?
Shopping around for car insurance is easy with Insurify. In just 2 minutes, you can find quotes from up to 10+ companies and compare between them. Buying a new policy? The purchase can be done 100% online if you want, and in only 5 minutes.
Insurify’s easy-to-use application allows you to quickly and easily compare quotes. Insurify will list the cheapest options that fit your needs and driver profile, based on all the factors outlined above. Who knows, maybe you’ll unlock a rate that’s even cheaper than the estimate you found on the Car Insurance Calculator.
With both the auto insurance calculator and Insurify’s intuitive comparison shopping platform, it’s now easier than ever to assess and decide between your auto insurance options.