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Which factors determine car insurance rates?

Whether you’re a first time car buyer or not, car insurance can be tricky. There’s a lot to learn when it comes to various car insurance companies and what they have to offer. Although we don’t have specific details for individual companies, our team here at Certified Autoplex is going to share some commonalities across the board.

There are a variety of factors that determine car insurance rates, so it would be impossible to narrow it down into one specific formula. Many drivers are under the impression that car insurance rates are cheaper for used vehicles, but that’s not necessarily true. The main deciding factor for the cost of car insurance comes down to the individual make and model. Let’s dig deeper to highlight some of the other determining factors.

Three Ways to Determine Car Insurance Rates

More tips and tricks

  1. Safety This is a major determining factor when it comes to figuring out car insurance rates. Companies are going to offer lower rates to drivers with vehicles that are equipped with more top-of-the-line safety features. Since there’s been a recent push for new vehicles to have driver assistive safety features, it’s safe to say that newer vehicles will have lower rates than older vehicles that are not equipped with the same features.
  2. Thieves  Car theft is another factor that can determine the rate of your auto insurance. It seems practical that luxury sports car would be stolen most often, but that’s actually not the case. The most common cars to have stolen are ones with parts that haven’t changed much over the years. This is because often times stolen vehicles are sold for individual parts to make a profit.
  3. Repairs – When it comes to repairs, newer, more mainstream vehicles have the least expensive parts. Older, discontinued vehicles can prove to be more difficult when it comes to finding accessible parts. The same idea can be used when looking at the cost of a replacement in the event of an accident.

These are just a few of the determining factors when it comes to the cost of car insurance. Although this can give you a better idea of what to expect, we understand there will be questions. Please don’t hesitate to contact us for more information.



Drivers looking to get behind the wheel of a pre-owned luxury vehicle are encouraged to browse our inventory online. If there’s a specific model you’re interested in, schedule a test drive online and get behind the wheel today.

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