Does Car Insurance Increase with Engine Size?

The short answer is: yes, car insurance generally increases with engine size.

Why does car insurance increase with engine size?

There are a few reasons why car insurance companies charge more for cars with larger engines.

* **Larger engines are more powerful.** This means that they can accelerate faster and reach higher speeds, which increases the risk of an accident.
* **Larger engines are more expensive to repair.** If your car is in an accident, the cost to repair the engine will be higher if it is a larger engine.
* **Larger engines are more likely to be stolen.** Thieves are often looking for cars with powerful engines that they can sell for a profit.

How much does car insurance increase with engine size?

The amount that your car insurance will increase with engine size will vary depending on the insurance company and the specific car model. However, you can expect to pay a higher premium for a car with a larger engine.

For example, a 2023 Toyota Camry with a 2.5-liter engine has an average annual insurance premium of $1,300. However, a 2023 Toyota Camry with a 3.5-liter engine has an average annual insurance premium of $1,400.

Is it worth it to get a car with a larger engine?

Whether or not it is worth it to get a car with a larger engine depends on your individual needs and budget. If you need a car that can accelerate quickly and reach high speeds, then a larger engine may be worth the extra cost. However, if you are on a budget or if you do not need a powerful car, then a smaller engine may be a better option.

Here are some tips for saving money on car insurance:

* **Shop around for insurance quotes.** Compare quotes from multiple insurance companies to find the best deal.
* **Increase your deductible.** The deductible is the amount of money that you have to pay out of pocket before your insurance coverage kicks in. Increasing your deductible can lower your monthly premium.
* **Take advantage of discounts.** Many insurance companies offer discounts for things like being a good driver, having a clean driving record, and installing safety features in your car.

Conclusion

Car insurance generally increases with engine size. This is because larger engines are more powerful, more expensive to repair, and more likely to be stolen. The amount that your car insurance will increase with engine size will vary depending on the insurance company and the specific car model. If you are on a budget or if you do not need a powerful car, then a smaller engine may be a better option.