(Wall Street Journal) — Think a cheap car equals cheap insurance? Think again. There’s more to auto-insurance rates than a vehicle’s sticker price, according to a recent study by InsWeb, an online insurance-comparison provider. Besides your own age and driving record, car insurance is based chiefly on a combination of purchase price and a model’s loss history, or its record of involvement in insurance claims. A model with a history of expensive liability and comprehensive claims will cost more to insure. (An automobile’s safety and security features also affect rates.)
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