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Insurance Myths: Inexpensive Car Means Lower Premiums | BrokerLink

Published on Oct 3, 2014 | Last updated Mar 1, 2021 1 minute read

If I drive an inexpensive car, my insurance premiums will be lower?

FALSE.

Insurance costs are based on multiple factors, including the policy holder’s driving record, their location and the type of vehicle.

Chart of Factors Influencing Car Insurance Price

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