Do certain brands have higher insurance premiums than others?
Yes, some brands of cars may have higher insurance premiums than others. This is because insurance companies consider factors like the cost of repairs, safety features, and likelihood of theft when determining premiums. Luxury brands like Mercedes and Tesla, as well as models with higher horsepower or expensive parts, may result in higher premiums compared to more affordable or reliable brands like Subaru and Toyota. It’s important to research and compare insurance rates before choosing a car to make sure you can afford the cost of coverage.
