What is the average insurance cost for a Scion FRS?
The average insurance cost for a Scion FRS typically ranges between $128 to $157 per month, depending on factors like the driver's age, location, and driving history.
This translates to about $1,536 to $1,884 annually.
Insurance premiums for a Scion FRS can vary significantly based on the driver’s age; for instance, a 16-year-old might pay around $1,840 annually, while older drivers often see much lower rates.
The Scion FRS is a sporty coupe that may attract younger drivers, often resulting in higher insurance premiums due to the increased risk associated with this demographic.
Factors such as the vehicle's safety ratings, repair costs, and likelihood of theft can also influence the insurance cost for a Scion FRS.
Vehicles with higher safety ratings may qualify for lower premiums.
The Scion FRS is known for its rear-wheel-drive layout and sporty handling, which can lead to a higher likelihood of accidents, thus impacting insurance rates.
Many insurance companies offer discounts for features like anti-lock brakes, electronic stability control, and advanced safety features, which can help lower the insurance cost for a Scion FRS.
Comparison shopping is crucial; insurance rates for the Scion FRS can differ by hundreds of dollars among various providers, making it essential to gather multiple quotes.
Insurers often consider the vehicle's repair history and availability of parts, which can affect the cost.
The Scion FRS, being discontinued in 2016, may have different parts availability compared to active models.
The geographical location plays a significant role in insurance rates; urban areas with higher traffic and crime rates typically have higher premiums than rural areas.
Young drivers can often save money by being added to a parent's insurance policy, as this can lower their individual rates due to the parent's established insurance history.
The type of coverage selected, such as liability only versus full coverage, will greatly affect the monthly premium; full coverage is generally more expensive but provides broader protection.
The Scion brand was discontinued, which may lead to increased interest from collectors or enthusiasts, potentially affecting its insurance costs due to its perceived value.
Driving records greatly influence insurance costs; drivers with clean records may qualify for lower premiums, while those with accidents or traffic violations may face significantly higher rates.
The insurance cost can also be influenced by the mileage driven; lower annual mileage may result in lower premiums as it reduces the risk of accidents.
Certain insurance companies use telematics devices to monitor driving behavior, which can lead to discounts for safe driving practices, beneficial for Scion FRS owners who drive responsibly.
Some states have minimum coverage requirements that can affect overall insurance costs; understanding these regulations is crucial when calculating insurance for a Scion FRS.
Seasonal variations can also play a role; for instance, insurance rates may increase during winter months in regions prone to accidents due to weather conditions.
The Scion FRS can have a high resale value due to its popularity among car enthusiasts, which might lead to higher insurance premiums to cover potential theft or damage.
Discounts for bundling insurance with other policies, like home or renters insurance, can provide additional savings on a Scion FRS insurance policy.
Lastly, the insurance industry is increasingly using data analytics and artificial intelligence to set rates, which could lead to more personalized insurance premiums based on individual driving habits and risk factors.