How much is car insurance for a new car?

You may have heard newer cars cost more to insure. However, auto insurance costs depends on many factors, like the make and model of the vehicle and your driving record. So, how much is car insurance for a new car? Well, insurers carefully consider the following things to determine the appropriate cost of insuring 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.