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There’s no denying it. The automotive industry is rapidly evolving. Cars are becoming electrified, and some are even self-driving. Technology is making cars safer and more convenient, and more expensive to repair. Traditional sedans are being produced less frequently, with some manufacturers ceasing production altogether. All of these changes impact what you may pay for vehicle insurance. For those in the Sandy, UT area, The Smith Insurance Group Inc. wants you to understand how and why the vehicle you choose will affect your car insurance.
The Rising Prices of Vehicles
The average price of a new vehicle now exceeds $45,000, largely due to the increasing costs of larger, more luxurious SUVs. While SUVs may be safer, they are more expensive to repair and replace, potentially leading to higher premiums.
Technology and Repair Costs
There was a time when replacing a damaged fender was straightforward. Today, replacement parts may include complex technologies like radar, sensors, cameras, and alarms. This complexity can significantly increase repair costs.
Check and Compare Rates Before Purchasing a Vehicle
It’s important to understand how your choice of vehicle will impact your car insurance before you decide to buy. This can help prevent costly surprises and potential regrets.
We Can Help with Auto Insurance!
Some may feel they have little influence over their car insurance rates. However, it starts with your choice of vehicle. More expensive and luxurious vehicles will be more costly to repair and replace and, therefore, more expensive to insure. Be prepared by checking insurance prices before you buy.
We invite you to visit The Smith Insurance Group Inc. in Sandy, UT. We can help you avoid unpleasant surprises.
