Does the Make and Model of Your Car Affect Your Auto Insurance Quotes?

You probably grew up hearing that painting yourcheck for whatever the Blue Book says it's
car red was going to be the death knell when youworth. They want to make sure they're getting
went shopping for auto insurance quotes. Becausetheir money out of you first!
of that, you stuck to sedate greens, blues andIf you can save them money, they'll save you
grays and drowned your envy when a cherry redmoney. On the other hand, if you're more likely to
convertible went flying down the road byhave to file an insurance claim at some point
reminding yourself how much more they werebefore your car gives up the ghost (or you trade
paying for insurance than you were.it in for a younger, prettier model-whichever
Guess what? You could have had that tomatocomes first) they're going to send the rates on
red paint job after all. The color of your caryour auto insurance quotes flying through the
doesn't even come into play when companies areroof. Believe it or not, there actually is
calculating your insurance rates.somebody-in fact, there's a lot of
Of course, just because that cherry redsomebodies-who sits around studying accident
convertible's paint job didn't affect its insurancedata and compiling a list of the make and model
doesn't mean they weren't cutting fatter checksof every car in the country involved in an
to their insurance company each month than youaccident, vandalized or stolen each year.
were. It just means they were doing it for aCertain cars show up over and over again. For
different reason.example, for five years running the Cadillac
Believe it or not, your car's make, model andEscalade has been the single most stolen car in
birthday have more to do with the price of yourAmerica. That means insurance companies are
insurance than a simple paint job ever will.paying out more theft-related claims for the
Insurance companies only have two things in mindCadillac Escalade than for any other model.
when requests for auto insurance quotes showThey're getting that back by raising the price on
up in the mail: Replacement cost and relative risk.their auto insurance quotes for anyone who
Let's start with the first. Unless you're sixteen andwants to insure one of these sleek SUVs.
buying your first car you already know that someTurns out the "untouchable" Cadillac Escalade isn't
cars cost more than others. That Saturn in theso untouchable after all.
corner only has a sticker price of $12,000, whileThe make and model of your car are either going
the Jaguar in the front lot is selling for $60,000to help you or hurt you when the time comes to
(and up). If you buy the car and total it, thego shopping for auto insurance quotes. Which one
insurance company is going to have to cut you ait happens to be is entirely up to you.