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If you’re eager to purchase a vehicle, there are a number of elements to consider. However, one of the first things you must decide is whether you’re going to buy used or new. Since this choice will largely depend on how much you wish to spend, it pays to think about the overall cost of car ownership, including your auto insurance coverage.

The knowledgeable agents at Kleppinger Insurance make it a priority to educate their Bethlehem, PA, clients on the variables used to determine premiums. Here, they explain how the age of a car impacts rates according to the following three factors:

  • Cost of Repairs: Often, newer cars can be pricier to insure when you take the cost of repairs into consideration. This is affected by the specific make and model of your vehicle and the average value of its parts. If repairs for an older car will be more expensive than the vehicle itself, you can expect a slight raise in your insurance expenses.
  • auto insuranceRisk of Theft: Certain vehicles are more vulnerable to theft, and auto insurance companies review this closely when calculating rates. Although newer cars may be more enticing, older cars are targeted more frequently. That’s because they are easier to get into—newer cars come with anti-theft equipment. In turn, coverage may be higher for an older car that is commonly stolen.
  • Safety Features: The more safety features a car has, the less of a risk it is to an insurance company. Therefore, newer vehicles are regularly given discounts for their wide range of safety devices. It may also be possible to reduce premiums on older cars by adding safety features.

Since auto insurance is more expensive for some vehicles than others, it’s important to keep this in mind when deciding on a make and model to purchase. Contact Kleppinger Insurance at (484) 357-1485 for additional information, or visit the independent insurance agency online to request a quote on coverage. 

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