When purchasing a car, the first thing you might take under advisement is the price. If you budget $15,000, and the car you are interested in costs $25,000, you are probably out of luck.
Unfortunately, price is not the only thing to worry about when purchasing your new car. You must pay for registration, plates and especially insurance. A common belief in regards to insurance is that all quotes are based solely off physical characteristics including; age and gender. This is true, but not entirely.
Another very important factor in determining a clients premium is what kind of car they are driving/buying. Lets say you have just purchased a new Ferrari and you wish to get it insured. Your premium will be through the roof. This is due to a number of reasons; one obviously being due to the price of repair. But another factor, just as important, comes from a method of profiling underwriters use to determine potential risks.
A Ferrari is an exotic car one would expect to see racing down the interstate at well-over 100 mph. Due to this, a company may jack up premiums to compensate for what might be a greater risk.
This is an extreme example used to prove a point. However, the same concept applies to many different types cars across the market.
If you are looking to purchase a car, it is never to early to get an estimate. If you are stuck between two cars of the same price, chances are one of the two will have higher rates.
Hopefully this can make a tough decision a little bit easier!