A red 2017 Ford Escape with a turbocharged engine driving down an open road.

Will My Insurance Go Up if I Buy a Vehicle With a Turbocharged Engine?

If Insurance Companies Will Charge You Extra for Buying a Turbocharged Engine

The time has come; you found the perfect vehicle for you and you intend to purchase it. You’ve made the necessary budgetary moves and can finally get that vehicle with a turbocharged engine. But wait – will there be more expenses you aren’t thinking of from your insurance agency? Will my insurance cost rise if I buy the turbocharged vehicle of your dreams? At Auction Direct USA, we go over some thoughts on if your insurance will rise because of a vehicle purchase.


Also Read: Used Vehicle Financing in Raleigh, NC, and Rochester, NY


A man in a shirt and tie calculating a price on a laptop and calculator.

What to Do Before Purchasing a Turbocharged Vehicle

Should you purchase a new vehicle, it is required that you do report its details – especially if it’s a turbocharged engine. If you’re replacing your engine with one it is also required due to it potentially increasing the value on your vehicle. That way, if your vehicle is totaled or stolen, you will receive proper compensation for it.

However, insurance companies look at statistics to determine the cost of what you pay and the risks associated with the given vehicles. This includes turbocharged engines, which companies will determine based on the vehicle’s VIN number. The faster a vehicle can go, the more at-risk it can be for an accident or breakdown.

Is it Worth It to Still Purchase a Turbo Engine?

However, is it still worth it to buy that shiny turbocharged model? The best practice is to always tell your insurance company or ask ahead of time how it may affect your rates to prepare. Knowing this can prevent that initial surprise of a hidden cost that you might have to budget! Plus, if you don’t report the change, you will have to pay out of pocket for any damages that occur to the engine since it isn’t covered. Overall, you can still purchase it if you have a better sense of what it will cost in insurance!

Affordable Prices on Turbo Engine Models at Auction Direct USA!

To help alleviate the pricing issue, stop into Auction Direct USA for affordable turbocharged models. Between our three Raleigh, Rochester, and Durham, we can find you the ideal model at a price that works for you. Stop in today to any store to test drive a model before they’re gone!


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