When purchasing a new vehicle, it’s important to think about the price of insuring it. How much you pay for your monthly car insurance premium will depend on several factors. One of the main things insurance companies consider is the type of vehicle you drive. Coupe vs. sedan insurance can be confusing, as these types of vehicles seem very similar to most people. The major difference between the two is that a coupe, which comes from the French word for “cut” because many coupes cut out the back seats, only has two doors. A sedan has four doors.
Factors That Affect Coupe vs. Sedan Insurance Rates
You can usually expect to pay more for car insurance if you own a coupe as opposed to a sedan. Many car insurance companies charge more to insure coupes because they consider coupes to be higher-risk vehicles than sedans and consider the individuals who own them to be higher-risk drivers. Of course, this isn’t always the case.
It’s important to note that many factors contribute to how much you’ll pay for car insurance. Car Insurance Comparison says the following details also contribute to how much you’ll pay for car insurance:
- Your vehicle’s horsepower
- The safety features on your vehicle
- The age of the vehicle you want to insure
Vehicles with four-cylinder engines tend to have less horsepower than those with six- or eight-cylinder engines, making them slower and safer. If your vehicle has either a V-6 or a V-8 engine, you’ll likely pay more for insurance because these vehicles typically have higher speed capabilities. You’ll find that many newer vehicles have safety features and driver-assist technologies that make them safer on the road, which translates to lower risk for your insurance provider. Safety features that could contribute to a lower insurance premium include:
- Air bags
- Electronic stability control
- Anti-lock brakes
- Rearview cameras
- Security systems
Companies always consider the age of your vehicle when determining your insurance rate. If your coupe is brand new, it will be more expensive to replace if you’re involved in an accident, whereas an older coupe is likely to be less expensive to fix or replace if damages occur from an accident. An older coupe is also likely to be less expensive to insure than a brand-new sedan.
Whether you drive a coupe or a sedan, your driving record is a big factor that comes into play when your insurance company sets your rate. If you have a clean driving record, you’re considered a safe driver by your insurance company. Other characteristics your insurance provider will want to know about include:
- Your credit score: While not all states can use your credit score to determine your premium, a higher credit score typically means you’re less risky to insure.
- Your age: Younger drivers have less experience behind the wheel. Therefore, they’re more expensive to insure, as Jerry Insurance Agency explains.
- Your job: Some insurance companies view certain occupations as lower risk than others.
- Your location: Where you live will also play a part in how much you pay for insurance, as some areas have higher rates of vehicle theft or vandalism, warranting higher insurance premiums.
- Your marital status: People who are married tend to be more stable than those who are single, making them less risky to insure.
- Your commute: If you have to drive far from your home to get to work, you spend more time on the road, which increases your chances of being involved in an accident.
Advantages of Owning a Coupe
While owning a coupe typically translates to higher insurance rates, these vehicles have their advantages. For example, a two-door coupe is sportier than a sedan. Recently, many coupes have become larger to accommodate a roomier back seat. This makes them appeal to a wider range of drivers. Driving a coupe also doesn’t necessarily mean you’ll pay more for insurance.
Purchasing an older coupe could result in lower insurance premiums. For example, says Jerry Insurance Agency, a Mercedes-Benz with four doors will be more expensive to insure than a Chevrolet Cavalier with two doors. Both of these vehicles can fall under the coupe car class.
Disadvantages of Owning a Coupe
Before buying a coupe, consider the disadvantages. Insurance companies usually consider these types of vehicles to be sports cars, making them riskier to insure. In fact, some insurance companies won’t even insure certain models. Coupes tend to be more expensive to purchase than four-door sedans, as well. Keep in mind that sports cars have a higher theft rate, which also contributes to their higher insurance rates. For the most part, most coupe drivers are single young males. These types of drivers are considered high-risk, so they’ll pay higher premiums for car insurance.
Advantages of Owning a Sedan
Less expensive insurance is a good reason to consider purchasing a sedan. Because older, more experienced drivers most commonly own sedans, insurance rates for this vehicle class tend to be cheaper. Humble & Davenport Insurance explains that because sedans are frequently owned by drivers with families, car manufacturers install more safety features on them. Coupes are smaller, leaving less room for air bags and other important safety features that insurers consider when providing you with coverage. Another advantage of buying a sedan is that these vehicles are typically less expensive.
Disadvantages of Owning a Sedan
Just like any other vehicle, you should weigh the downsides of owning a sedan before buying one. They aren’t as fast or sporty as coupes, making them less attractive to some drivers. Gas mileage is another thing to consider. Sedans weigh more than coupes, so you can expect to pay more at the pump.
While rates vary by driver, location, and car, on average, most drivers pay more for coupe insurance than sedan insurance. Talk to your insurance provider before you decide what type of vehicle you want to buy, so you can ensure you’ll be able to afford both the monthly car payment and the monthly premium.
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