Does Owning a Manual or Automatic Car Affect Your Insurance Premium?

The type of car you own, be it manual or automatic, significantly influences your car insurance premium. Understanding the nuances between the two can guide you when securing insurance for your vehicle.

Factors Influencing Manual or Automatic Car Insurance Premiums

Here are common factors affecting both manual and automatic car insurance:
1. Car Make and Model: This crucial factor influences premiums for both manual and automatic cars, with luxury models attracting higher rates.
2. Owner Location: Urban living usually equates to higher premiums due to increased theft and traffic risks.
3. Owner Information: Age, driving history, and experience play a significant role in determining your premiums.
4. Safety Features: Features like anti-lock brakes and airbags can earn you discounts on your premium.
5. Claim History: A history of accidents or claims can lead to increased premiums.
6. Insured Declared Value (IDV): A higher IDV typically results in a higher premium.

Differences in Insurance Premiums: Manual vs Automatic Cars

Automatic Car Insurance:

• Automatic cars are high-end and more expensive compared to manual cars. Since insurers consider the vehicle’s worth, the higher the initial cost leads to a higher auto car insurance premium.
• Most automatic vehicles feature improved safety systems, significantly reducing the automatic car insurance premium cost.

Manual Car Insurance:

Generally less expensive, manual cars may attract lower premiums. However, the absence of advanced safety systems in some models can increase their risk profile, possibly leading to higher premiums.

The key differences in premiums between manual and automatic cars stem from the vehicle’s value and safety features. Gearbox type alone does not dictate insurance rates; instead, it's these underlying factors.

To accurately assess the impact on your insurance premium, consider using an insurance calculator or obtaining quotes directly from insurers. For a detailed understanding, it's advisable to consult with a reputable insurer.

Liberty General Insurance meticulously calculates insurance premiums considering all relevant factors of your vehicle. Our team offers tailored advice based on your specific car, helping you make informed decisions about your coverage.

For more insights on insurance premiums for both manual and automatic cars, contact us at 1800-266-5844 or visit our website. Explore more in our blog, "Understanding Zero Depreciation cover and Its Relationship with IDV", for additional information on vehicle insurance nuances.