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Insuring An Expensive Or Cheap Car

Insuring An Expensive or Cheap Car

Regardless of the cost of the vehicle, insurance rates are only a few hundred dollars apart if you find the insurance company with the lowest rate. Even when comparing a $15,000 car to a $60,000 car using 30 insurance company rates, the difference in rates is nominal:

Vehicle               Cost      Lowest    Highest

Jaguar S Type    $61,950    $1,726     $4,710

Toyota Echo      $14,600    $1,617     $4,587

Differences        $47,350    $109        $123