Auto Insurance Co

Reader’s Question:

I have two cars here in Maryland, one is a pick-up that I’ve had like forever, and a brand new, smaller vehicle that for some reason costs me more to insure with my auto insurance company. Could you enlighten me on this?

Chino

Baltimore, MD

A lot of people gets surprised to learn that, most of the time, they won’t pay the same rate for two vehicles even if it is under the same auto insurance company. It would be beneficial to know about the different factors that affects your auto insurance rates there in Maryland to understand why rates on your two cars are different.

One of the main reasons why your other car is costs more to insure would be due to its inherent risk of getting involved into accidents. Statistics show that smaller vehicles actually gets into more accidents and collisions. Ironically, because most of those driving a small vehicle are confident think that it would be much easier to maneuver such a car (and therefore avoid accidents), they are not as careful as they would when driving a hummer. So the higher the risk, the more premiums you will be charged.

Another factor would be the popularity of your vehicle among car thieves. The safety rating of your vehicle. Laws of Physics dictates that smaller framed cars absorb the brunt of the force in a collision with larger vehicles or large objects, increasing the risk of death or injuries to passengers and total vehicular loss. I highly suggest that you inquire about (or insist on) multiple vehicle discounts on your auto insurance policy to help offset the added cost of the secondary vehicle.

Tags: auto insurance co, auto insurance rates, auto insurance discounts, auto insurance advise