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The amount a typical American pays for car insurance depends on many factors, but none are as significant as the kind of the vehicle an individual is looking to insure.

Later models naturally warrant higher insurance costs due to their higher repair costs. Additionally, with more cars on the road than before and the issue of distracted driving to consider, insurers will likely have higher rates for the latest vehicles.

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Denny Jacob

Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].