Collision insurance will affect the pricing because the insurance is covering more causes of damage to the vehicle. With a used car, it can still cost more to insure even if you don’t have collision insurance. Just because of the simple fact you are adding another car to your insurance, and the more cars you have to insure, the more it will cause your insurance rates to be higher.

Aside from just buying a new car to add on your auto insurance, there are still physical things about the car that can raise your rates. The type of car you are buying can also have a huge affect on the cost to insure. If you’re buying a new car, is it a fast sports car, or is it a family sized sedan? It is important because they base pricing off of statistics that show more accidents are caused from people taking more risks in a sports car than they would in a family sedan.

Who is going to be driving the new car most often can also have an effect on insurance costs. Say that you are buying your sixteen year old son a brand new car, with the amount of risk there is on the car itself, plus the risks of a new driver, the insurance for the vehicle would most likely cost a little more. On the other hand, if you were buying your son a used vehicle instead of a brand new car, the insurance cost would definitely be more reasonable.

Another thing that is looked at when determining prices on you insurance policy is that when you’re buying a car, are you taking another one off your policy? Say that you currently have two cars in your family and you are going to buy another one. If you are changing it so that you now have three cars then your insurance is going to reflect the cost to add another vehicle without taking one off.