Sedan, SUV Or Hatchback: Does Insurance Premium Vary As Per Car Body Shape?

Sedan, SUV Or Hatchback: Does Insurance Premium Vary As Per Car Body Shape?

Having the right coverage can make all the difference during an accident, whether it’s a little collision or a major one. Many of us see our automobiles as extensions of our homes, our families, and our identities rather than just a means of mobility. Four-wheeler insurance is, therefore, not only a financial decision but also an emotional one. It gives you the comfort and assurance of knowing that you and your priceless item are safe.

Purchasing an automobile is an important event. The brand, model, and colouring are given careful consideration. The cost of insurance is a crucial consideration when purchasing an automobile. After all, the sort of car you choose affects the cost of your auto insurance.

The Varying Premium

Different four-wheeler designs are utilised for different things. Utility-friendly hatchbacks, reliable SUVs, and of course, classy sedans are all options.

Although the type of car does not directly affect insurance rates, what these models represent in terms of features and market segments does have an indirect effect. For instance, some SUVs have larger engines, complex 44 drivetrains, and off-road-oriented equipment that enable them to travel over challenging terrain.

However, when one thinks of sedans, one thinks of size, style, and legroom. If one has a taste for luxury, they may also be pricey. But does the price of four-wheeler insurance match up? The comparison depends on what you are using. Due to their small engine cubic capacity, hatchbacks will cost substantially less than sedans, but if you’re comparing these to high-end SUVs, the answer is not as clear-cut.

A car insurance premium calculator is a tool you may utilise online to find out the amount of coverage needed based on your requirements.

Since SUVs have become more compact in recent years, their prices are now comparable to those of sedans. Additionally, they offer a roomy cabin, greater ground clearance, top-of-the-line equipment, and an improved driving experience. Additionally, as the price difference between SUVs and sedans closes, so does the insurance rate difference between the two types of vehicles. However, the premium for conventionally designed SUVs is more expensive than hatchbacks but less expensive than sedans.

Typically, a sedan with a smaller cubic capacity engine will cost less than one with a larger engine. But when determining insurance rates, the make and type of that automobile will also be considered. Car owners frequently like to invest in the appearance and comfort of their cars. In that instance, any further aesthetic changes would result in a slight increase in the insurance price.

No matter what kind of car you purchase, you need to have a sufficient insurance policy. Also, make sure you renew your car insurance on time. Even the most cautious drivers occasionally make mistakes on the road.

A car insurance premium calculator is a simple tool to check the amount of premium you would have to pay.

Standard T&C Apply

Insurance is the subject matter of solicitation. For more details on benefits, exclusions, limitations, terms, and conditions, please read the sales brochure/policy wording carefully before concluding a sale.


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