Row of vehicles at a car dealership.

How Does the Type of Vehicle I Drive Affect My Insurance Rate?

Have you ever wondered if the type of vehicle you drive affects your insurance rate? The vehicle you drive does impact the price you pay. Every vehicle has a unique Vehicle Identification Number or VIN. Each character in the VIN provides information about the vehicle and how it is equipped. Information unique to your vehicle is combined with data collected about similar cars to establish a vehicle code or symbol. Insurers use vehicle symbols to help determine the appropriate premium to charge. Data considered in establishing a symbol includes the following:

If you’re in the market for a new vehicle, it is a good idea to contact your Independent Insurance Agent with the options you are considering. Your agent can determine what the cost of insurance will be for each vehicle.