Since somewhere around half of your auto insurance premium goes to protect your vehicle, the kind of car you drive plays a major role in determining your premium. Expensive vehicles cost more to insure than less costly ones. New cars require higher premiums than older ones. A high-powered sports car generally cost more to insure than a family car sedan in the same price range. It is wise to check with your insurance agent when buying a car.
Insurers often give discounts for cars that are equipped with airbags or passive safety belts.
In some states, insurers offer discounts for cars equipped with certain anti-theft devices. Check with your agent or company. Other discounts Most insurers offer a multiple automobile discount if two or more private passengers vehicles owned by family members in one household are insured with the same company. This can amount to a 10 to 15 percent premium reduction for each vehicle. In many states, insurers offer a small discount to motorists who have take certain approved defensive driving courses within the last three years.