Insurance Myths: Inexpensive Car Means Lower Premiums | BrokerLink

1 minute read Published on Oct 3, 2014 | Last updated Apr 13, 2022 by BrokerLink Communications

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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