But why might it cost you more to insure one sport utility vehicle (SUV) than another?
In addition to the factors listed above, insurance companies also:
The Highway Loss Data Institute, for example, indexes the amount of money insurance companies have paid out (on average) for collision, injury, and theft claims for various types of motor vehicles. Therefore, the SUV that is most attractive to thieves across the country will probably be more expensive to insure than the one that is stolen least often.
In addition to these industry wide statistics, insurance companies consider their own experience with claim payouts. For instance, if one company has paid numerous claims regarding a particular make of SUV, it may charge higher insurance rates for that type of SUV than another company would. For that reason, it's wise to obtain quotes from several insurance companies before insuring your SUV.
Note: In some cases, the state, not the insurer, decides how each vehicle
Please note that this description/explanation is intended only as a guideline.
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