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Why Did My Rates Go Up?

Auto Insurance, Auto Insurance Cost, Auto Insurance Quotes Add comments

I just bought a new car and the insurance is more expensive than my old car. Why does the auto insurance cost so much if this car is cheaper than the one I had previously?

There are a number of reasons why your auto insurance could have increase when you bought your new car.The make and model of the vehicle have a large impact on your car insurance rates.Insurance companies don’t just look at how expensive the car is.They look at other factors like how likely the car is to be stolen or how easy it is to break in to.There are numerous lists out there of the most frequently stolen cars, so you might want to check to see if your car is on there.Some cheaper cars have less expensive parts but suffer serious damage in even minor wrecks due to poor craftsmanship, so this could be another reason why your rates went up.

You should ask your insurance company why your rates went up if you have any doubts or feel like you could be over paying.It is always a good idea to compare free car insurance quotes online before you purchase a car just to make sure the insurance costs are affordable.

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