Because of the increased purchase price, a convertible may cost extra to insure. In general, high-priced automobiles are more expensive to repair or replace, thus insurers charge more to cover the increased cost of a prospective physical damage claim. This is why sports car insurance is usually more expensive.
Convertibles are also thought to be ideal targets for car theft. If the top is down, a burglar can simply remove stuff from a convertible or gain access to the ignition. Although roofing materials protect the vehicle, a convertible has a higher chance of leaks and exposure to the weather than a hardtop vehicle. Leaks can ruin seats and encourage the growth of mold and mildew inside the car.
Are convertible cars expensive to insure?
You may fantasize about driving down the highway in your new convertible with the top down and the wind flowing through your hair, but there are a few things you should know before purchasing that gleaming new convertible. Whether you prefer a hard top or a “rag top,” a convertible will almost certainly cost more than a car with a normal top of the same make and model.
Perhaps you’ve heard that insuring a convertible costs more than insuring other vehicles. That rumor also has a lot of truth. Breathe Easy Insurance Solutions offers four reasons why you should think about the expense of buying a convertible before pulling out your cash. You might end up being glad you did!
1.) Convertibles are not only more expensive to buy, but they are also more expensive to insure.
Convertibles are more expensive to buy than sedans, owing to the additional moving parts required to operate the convertible top. Soft top convertibles may be more expensive to insure than cars with standard tops or hard top convertibles, despite the fact that auto insurance prices vary by vehicle. Soft top convertibles may be regarded less safe than cars with standard tops or hard top convertibles.
2.) The more the horsepower, the higher the insurance premium.
Many convertibles are also regarded as sporting vehicles. Because the convertible is classified as a sports car, you should expect to pay more for auto insurance if it has a V6 or V8 engine. Sports cars with high top speeds, according to insurance firms, are more likely to be involved in high-speed collisions.
3.) Soft-Top Convertibles Are More Likely To Be Stolen Or Vandalized
By simply cutting the top with a knife, a textile drop-top can be easily broken into. Because insurance firms are aware of the increased risk, they charge higher rates for convertibles.
4.) Convertibles with hard tops add to the overall weight of the vehicle.
Your car insurance costs are affected by the weight of your vehicle. Due to the additional pieces required to move the top up and down, retractable hard top convertibles weigh more than conventional cars. Your car insurance prices will rise as a result of the extra weight.
Before you buy a convertible, check with your insurance agent to see what kind of rates you’ll have to pay to insure it. Do your homework before jumping into a purchase just because you like the car. Though your insurance rates are influenced by factors such as your driving history, age, credit score, homeownership status, and marital status, insuring a convertible may result in higher rates than you are willing to spend.
Another factor to consider is that convertibles attract attention, thus you may be more likely to get stopped by police when driving. More tickets are issued to red cars than any other color. If you choose a red convertible, you should expect extra scrutiny from law enforcement personnel while on the road. Though there is no empirical proof to back up these claims, they may provide you food for thought when you buy for your next vehicle.
When you’re looking for low-cost California SR22 insurance, Breathe Easy Insurance Solutions can help you get the finest deals. Breathe Easy Insurance Solutions specializes in offering car insurance to people with bad driving records. Breathe Easy Insurance Solutions will help you get affordable SR22 insurance if you’ve been convicted of a DUI, lost your license due to too many points on your record, or been ticketed for driving without insurance. Our insurance experts are available seven days a week, 24 hours a day. To chat with an insurance consultant at any time of day or night, dial 866.822.7755. You may also get a free SR22 insurance quote by filling out the contact form on the Breathe Easy Insurance Solutions website. Don’t put it off. Request a quote right now!
Do convertibles make insurance go up?
So you live in sunny California, where we receive 68 percent of the time sunshine. It’s a wonderful life.
It’s time to take advantage of all this summer pleasure by purchasing that gorgeous convertible you’ve always wanted. The cost of your California auto insurance is the last thing on your mind.
When I first got the opportunity to buy my first “real” car in 1999, I purchased a beautiful convertible Mustang GT, similar to the one shown to the right.
So, I get it, you’re not going to call your insurance agent to discuss your alternatives; your heart is set on getting behind the wheel of this brand-new car right immediately.
You sign the contract, and that lovely ride is yours for the taking. Then you phone your insurance agent to explain everything about the automobile, and you’re surprised to learn that your auto insurance has gone up because you’re now driving a convertible.
There are some insurance misconceptions, but if you’ve heard that convertibles are more expensive to insure, you’re right.
In reality, auto insurance firms have gotten increasingly adept at calculating the price of insuring a wide range of vehicles, and you should always talk with your agent before making a purchase. The price difference in insurance can be a deal breaker in some cases.
There are four (4) reasons why you might pay more to insure that flashy new, eye-catching ride when it comes to the cost of convertible insurance.
If a car cost more to purchase, it’s going to be more to insure
The cost of auto insurance varies substantially depending on the type of car. The more your automobile is worth, especially when it comes to collision and comprehensive coverage, the more it will cost to insure. Convertible automobiles are typically more expensive to buy than comparable hard-top models. This isn’t because of consumer demand… or because they’re fun to drive. Convertible vehicles have additional safety features, as well as the expense of the engine and other components that regulate the convertible top. To cut a long tale short, convertible cars are more expensive to purchase and, as a result, convertibles might be more expensive to insure.
If your car has higher horsepower, it’s going to be more to insure
You could expect to spend extra for auto insurance if your convertible happens to be a sports car with a V-6 or V-8 engine, like my old Mustang GT. Most of us understand that if a car is faster and has more power, the chances of an accident are higher, and the resulting damages might be more costly. So this explanation doesn’t just apply to convertibles; all you muscle-car aficionados are likely to pay more as well.
Soft Top Convertibles Are Prone to Theft and Vandalism
Thieves have been cutting open the tops of convertible automobiles for years in order to get entry to the vehicle. This means that any valuables left in the car, as well as the car itself, can be stolen more simply. This isn’t a myth; it happens, and that’s another reason why insuring a convertible car might be more expensive.
Convertible vehicles weight more, especially those hard-top convertibles
Your auto insurance premiums may be affected by the weight of your vehicle. For performance evaluations, several organizations use a horsepower-to-curb-weight ratio. Because convertible automobiles have increased weight for strength and a motor to operate the convertible top, this may have an influence on premiums. Convertible hard-tops face a greater challenge in this regard.
Conclusion
There are numerous factors that influence your auto insurance premiums, some of which may have never occurred to you. The moral of the story is that many of us forget to check in with our insurance agent before purchasing a new vehicle, so do so beforehand. Knowing whether or not a particular vehicle is more expensive to insure will help you decide if it’s good for you… and your monthly budget.
If you know your California auto insurance hasn’t only become a burden, cursing along the coast with the wind in your hair will feel a lot better.
How much is insurance on a convertible a month?
In the United States, the average convertible owner pays $200 per month for auto insurance. Rates, on the other hand, might vary significantly between insurers and automobiles.
For example, someone driving a new Audi A5 convertible will pay different auto insurance prices than someone driving a 2001 BMW 3-series convertible.
Convertible insurance premiums, on the other hand, average roughly $200 per month or $2400 per year, according to statistics. That’s about double the average cost of vehicle insurance in the United States.
Why you shouldn’t buy a convertible?
Okay, we’ll admit it: convertible tops have a tendency to leak. Convertible tops today are particularly well-designed and far less prone to leaks than those of the past. The seals around the side windows and at the windshield header are substantially superior than before. Convertibles, on the other hand, can still leak.
Consistent leaks can result in interior damage. Dashboards and armrests are the areas that are most affected. Other interior trim may be destroyed, and you don’t want your interior carpet to be constantly wet because that can develop to mildew and stench. A leaking convertible top is especially aggravating because such leaks are notoriously difficult to diagnose and repair. Water doesn’t always get in right above the damaged region, for example.
Why are convertible expensive?
Convertibles are more expensive because the chassis requires more structural stiffness without a roof to support it, as well as the additional engineering required to achieve this.
When a car is subjected to normal driving circumstances, the roof usually provides the stiffness it requires to withstand the forces and stresses exerted on its chassis.
The car’s handling will suffer greatly if the roof is removed, unless it is improved in other areas to compensate.
Because these complicated engineering requirements cost money, the convertible’s price is raised to assure that a profit can still be earned.
Are soft tops more expensive to insure?
In addition, insurance premiums may not be as exorbitant as you believe. Unless a particular model is prone to theft, insurance companies do not penalize soft-top owners. “A convertible automobile may cost less to insure than a standard vehicle in many circumstances,” stated an Admiral insurance spokeswoman.
Can you daily drive a convertible?
Don’t worry, the new convertibles are more than capable of being used on a daily basis. With the top up, they are surprisingly quiet for a convertible.
Are convertibles stolen more often?
Assume you have a convertible soft top. Or you’re thinking about getting one. You’re worried about its security.
Soft top convertibles are more vulnerable to theft since they are easier to steal into.
Modern automakers try to solve the security worries that come with owning a soft top convertible by including high-tech security features like the Mini Cooper Convertibles Engine immobiliser, which prevents it from being hot-wired.
Consider where you’ll keep your convertible, especially if it’s a soft top, and what security features are included before you acquire one.
Are miatas expensive to insure?
A Miata should cost roughly $1,298 per year to insure, or around $108 per month for the average driver. Collision coverage will set you back $576 a year, liability and medical payments will set you back $356, and the remaining comprehensive coverage will set you back $366.