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.

Posted by Alyssa DiCrasto

Alyssa uses her many years of experience writing about complex industries to research and create clear content that makes insurance easy to understand. She has been with Rate Retriever since its beginning, establishing our strict editorial policy and directing our comparison experience.

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