When it comes to auto insurance, it may surprise you to know that the vehicle’s country of origin doesn’t impact the rate of the policy much. What does affect your premiums? First off, comprehensive and collision coverage is the part of your policy that repairs physical damage to your car. A new car with new parts and technology will cost more to fix than an old car that can get used or aftermarket parts. As the car ages, the parts and technology will cost less, so the price of your comprehensive and collision coverage will drop.
Another key factor to consider is the cost of labor in your area and how much labor would go into fixing your car. Some cars have simple, straightforward designs, so they’re faster and easier to repair. Usually, high-end vehicles have more complex systems that require specialists and more time for repairs, so this can raise the cost of coverage for physical damage.
And, of course, don’t forget that the strongest and most beneficial rating factor is to have a safe driving record!