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May/28/2014 - 06:38:58 am

Special Discounts On Car Insurance Quotes With No Credit Check With Best Prices - Town Square - Beverly, Ma Patch

Auto Insurance Premiums Can Differ by 26% for Cars in Same Price Range |

Auto Insurance Premiums Can Differ by 26% for Cars in Same Price Range

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And the variation in premiums actually increases for more expensive vehicles. As WalletHub found in its 2014 California Car Insurance Landscape Report, car insurance premiums are driven by a number of factors, including ones driving record, city of residence, and historical characteristics of area drivers. In this report, we focused on how car insurance premiums vary depending on the type of car you buy, how old it is, how much it costs, and who makes it, said WalletHubs John S Kiernan. More findings: Based on regression analysis, only about 25 percent of the variation in insurance premiums across car types can be attributed to differences in car price. New sedans are almost $130 cheaper to insure than 3-years old sedan cars on average, after accounting for variations in price. In terms of body type, sports cars are the most expensive to insure, followed by trucks.

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