Insurers keep all sorts of statistics on cars, trucks, minivans, and SUVs. They consider how often this particular car gets stolen, how often it is involved in accident claims, and how expensive those claims have been to repair. Lots of different factors can affect the items above too, and...
If you’re thinking a new car is more expensive to insure, so you’ll go for a cheaper car, that’s not always the case. While the cost of repair for an older car can be lower and the car itself has depreciated in value, so any payout will be reduced over time, older cars ofte...
The type of car you drive affects the cost of your car insurance. Find the cheapest car insurance groups and the cheapest cars to insure in 2023 here.
If you have an insurance lapse and are at fault for an accident, you will pay out of pocket to repair your damaged car. In addition, you will pay for the damages to the other driver's car and medical bills to treat their injuries. You may face legal action for the liabilities if you...
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. Cars most targeted by thieves also cost more to insure. Comprehensive insurance pays out if your car is stolen; it also covers damage from...
Representing electric cars with low maintenance costs, the Tesla Model 3 is hard to compete with. The average annual maintenance cost of the Model 3 is meager at $169, with a ten-year average cost of only $3,587. The chance of needing a major repair is 8.6%, with most scheduled servic...
optional coverage like roadside assistance and rental reimbursement could be a lower-risk way to save money on premiums, removingcollision and comprehensive coverage(aka full coverage) might be more of a gamble. Can you afford to repair or replace your vehicle if it’s damaged, totaled or ...
In general, older cars are cheaper to insure than newer ones. This is because it typically costs less to repair or replace them due to their depreciated value. However, several factors impact your insurance premium, including your age, ZIP code, driving record, claims history, and coverage lim...
Repair frequency:Hyundai owners can look forward to fewer visits to the repair shop than owners of any of its competitors' cars. Toyota and Honda also scored well in repair frequency and that elevated their rankings despite their higher cost per visit. ...
The shortage of car parts means they’re more expensive to source, which raises the cost to repair vehicles, which means the claims that insurers pay are getting more expensive. While drivers wait for the backlog of car parts to resolve, they're relying on rental cars for longer and long...