The Plexus Groupe's very own David Miller, VP, Private Client Team Leader, was featured in MoneyGeek's article, "Car Insurance Calculator: Estimate the Cost of Car Insurance for You (April 2024)," by Mandy Sleight, discussing the estimated cost of car insurance.
"Estimating car insurance costs accurately can be tricky due to the multitude of variables involved in determining premiums," says Miller. "While certain factors like the type of vehicle can influence costs, differences between similar models are often negligible. Advising clients to prioritize other considerations over insurance costs when purchasing a car is common, as there's no "magic" insurance price among comparable vehicles. Insurance companies calculate premiums based on numerous factors, including the car's details, driver demographics, past claims, address, credit score, etc."
Check out the full article here for David's insights on estimating car insurance costs.
The Plexus Groupe is an independent insurance advisory firm. As a broker, we work with insurance companies to help find the best coverage to meet our clients' needs. How much should your car insurance cost? Contact Plexus at 888.529.8834 to discuss your personal lines coverage.
