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Pennsylvania Car Insurance Rate Determining Factors, Annual Rates

When it comes to Pennsylvania car insurance, there are many questions that residents may have regarding the cost of their insurance - and why some car insurance types are more expensive than others are. Perhaps you are among those who believe in the myth that the color of your car, for example, represents an increase or decrease in your car insurance. This is not at all true. While there are many factors that determine the cost of your car insurance, color is not one of them.

The first thing that you need to understand is that your neighbor-s rates may not be the same as yours. A major factor in the Pennsylvania car insurance rates is the type of vehicle that you purchase. Many people believe that if they purchase a new vehicle with all of the bells and whistles, that they are going to get a cheaper rate than their neighbor driving a ten year old vehicle. The truth is, however, that the more expensive your vehicle is the more your insurance premiums are going to be. The reason for this is that the insurance company figures in the cost of repairing or replacing your vehicle if you are in an automobile accident. An older vehicle simply costs less to repair and fix while a new vehicle can be very expensive to take care of. Of course, there are exceptions to this rule, for example, a registered classic car will likely be more to insure than a small Japanese vehicle.

Least and Most Expensive Cars to Insure
Every year, a list is released by some of the Pennsylvania car insurance companies that lets consumers know what new vehicles are the most and least expensive to insure. This list is very helpful for those who are looking to purchase a new vehicle and are trying to figure out a truthful budget for their Pennsylvania auto insurance. This is also an effective way for individuals to determine if they can afford to purchase a specific vehicle at all. For example, in a recent list of most and least expensive Pennsylvania car insurance quotes, the Nissan GT-R is the most expensive vehicle to insure at $2,533 a year, while the Town and Country is the least expensive at an average of $915.

Using the Internet is a simple and fast way of trying to determine what your car insurance rates might be for a specific vehicle, whether it is new or old (or somewhere in between). Just take care to do your homework before you purchase your vehicle so that you are not surprised when you see the rates in your area. The minimum on Pennsylvania car insurance is 15/30/5, which will be included in any quotes that you receive for your auto insurance. Your quote rates will include the type of vehicle that you are driving, your driving record, and any other information that you supply on your questionnaire. Knowing what vehicles are the most and least expensive to insure will help you to purchase insurance in a price range that you can afford.

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