Does the Value of Your Car Affect Car Insurance Rates?

| December 27, 2018

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Many people are worried that if they buy an expensive car, their car insurance rate will increase. They worry about how the value of their car will affect the rate, if at all. The value of your car can affect your car insurance rates. However, the value of your car is not the only factor that affects your rates. Two people with the same driving record, and with two different cars with the same value may still have two very different car insurance rates.

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NFU Mutual

At NFU Mutual, we do things differently. We take the time to understand the needs of our customers, offering personal face-to-face service through more than 300 local branches. And, because we’re a mutual, the people that matter to us most are our customers.

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