For young drivers, there are other ways to reduce accident risk and thus premiums. The cost is less for a young motorist who drives a family car on an occasional basis than it is for one who drives his or her own car. In many states, insurers offer a discount to teenagers who have passed a driver education course. 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.