6 Factors That Affect the Cost of Car Insurance in Australia
Not too long ago, the Australian car market industry was on the brink of shutting down, with Ford, General Motors, and Toyota announcing their intentions to shut down all their Australian car manufacturing plants. This closure has had far-reaching effects, including on car insurance costs, and to get the best, most affordable coverage, you need to shop around.
There are several factors insurers consider when coming up with the cost of car insurance. These factors include the type and color of the car you drive, age and gender, and driving history. Some of these factors can end up costing you more.
Let’s discuss six factors that could affect your auto coverage premiums:
1. Vehicle make and color
First, understand that no matter where you live or drive, new and expensive car models cost more to insure because they are likely to have costlier repair and maintenance services.
In fact,