No matter whether you’re purchasing or refinancing an existing car, it is crucial that you carefully consider its total cost of ownership, such as fuel expenses, maintenance, repairs and car insurance coverage.

There are a few tools you can use to estimate your auto insurance payments, but bear in mind that ultimately the exact amount will depend on your individual circumstances and driving history. Insurance companies consider various criteria when creating policies; so an initial estimate may change once a full application for quote has been submitted.

Urban drivers tend to pay higher car insurance premiums due to higher accident and theft rates. Your choice of vehicle can also have an effect, as insurers consider the average costs associated with repairs or replacement of each model. Safety features may help lower premiums while high-tech anti-theft options might increase them; additionally, purchasing more than your state mandated minimum coverage may incur extra expenses; yet doing so might be worthwhile if protecting assets is important to you.