How much is car insurance for a new car?

Typically, if a certain make and model is more likely to be stolen, car insurance companies may charge extra to accept that risk, says the Insurance Information Institute (III).

Each year, the National Insurance Crime Bureau releases a report on the 10 most stolen cars in the United States. Generally, these cars top of the list not because they're brand-new models. They are usually cars or trucks that haven't changed much from year to year in design and parts, making them attractive to car thieves looking to break down the vehicle and sell the parts.

Another factor that may come into play is where you live and where the car will be parked. Generally, if a new car is parked on the street in a big city, insurance companies may see that as riskier than a new car parked in a garage in a rural town, says the III.

When shopping for a new car, consider its overall safety record in a collision, says the III. Check the vehicle's safety rating from the Insurance Institute for Highway Safety.

In addition to the vehicle's overall safety record, the III says specific safety features may play a role in how much new car insurance is per month for a new car.

You may be able to get a car insurance discount for anti-theft devices or blind spot indicators. Check with your insurer to see which discounts may apply to your situation to help keep your rates low.

The potential cost of repairing or replacing your car helps determine how much new car insurance is per month, says the III.

For example, if you're buying an expensive sports car, the cost to repair that vehicle after an accident is likely more than repairing a standard four-door sedan. That's why the type of car you buy is a major factor when determining your car insurance premium.

In addition to the type of car you drive and its safety features, here are some other factors that may affect how much insurance is for a new car, according to the III:

• Your driving record
• How many miles you drive
• Your age and gender
• The coverages, limits and deductibles you choose on the new car

These are just a few of the factors that go into calculating your car insurance premium. Contact your insurer if you have questions about how to save money on your car insurance.

If you're shopping for car insurance on a new vehicle, it's a good idea to get quotes from at least three insurance companies, according to the III. Make sure you set the same coverages, limits and deductibles for each quote so get a like-for-like comparison.

Drivers in most states are required to have auto liability coverage on their car insurance policies. A standard car insurance policy may also include these coverages, depending on where you live and your circumstances:

• Uninsured and underinsured motorist coverage
• Medical payments coverage
• Personal injury protection
• Collision coverage
• Comprehensive coverage

You may also want to consider additional insurance coverages to help protect your investment of a brand-new car. All of these factors directly affect how much car insurance is monthly for a new car.

As you gather car insurance quotes, consider asking if you qualify for any discounts. Most insurers offer discounts for bundling auto insurance with another policy like homeowners or renters insurance, says the III. As mentioned above, you may also be eligible for discounts based on your new car's safety features.

Your insurer can help you decide which limits, deductibles and coverages are right for you and should help you identify any discounts you qualify for.