How do you calculate insurance premiums for a new car?
I'm thinking about buying a new sedan, but I need to get insurance. What is the best way to calculate an insurance premium for a new car?
“The best way to calculate insurance premiums on a new car is to get competitive quotes from all the top providers.
Insurance companies consider many factors when calculating car insurance premiums. For example, a new teen driver in a sports car is going to have much higher rates than a 40 year old woman in a station wagon.
Insurance companies consider the following when setting your premium:
- personal details, such as age and gender
- your zip code
- credit history
- driving history
- car make and model
- chosen coverages
- applicable discounts
- deductible amount
- number of people on the policy
That said, new car owners typically pay around $130 a month on their car insurance premiums.
Requesting quotes from multiple companies can be time-consuming, but it doesn’t have to be. Jerry does all the hard work of finding the cheapest quotes from the top name-brand insurance companies and delivers the best deals to your phone in minutes.”
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