There are several ways to save money on auto insurance: driving safely, taking a driver’s education class, limiting your annual mileage or even buying a different car. Anything that decreases your risk of filing a claim will cause your rates to go down.
For most people, a car is a long-term investment, and it’s not reasonable to change it just to get cheaper car insurance. If you’re in the market for a new car, though, it may be worthwhile to shop for a vehicle that will be cheap to insure. Over the life of your vehicle, you can save thousands. Here are 2013’s cheapest cars according to a study by Insure.com.
1.) Ford Edge SE
2.) Jeep Grand Cherokee Laredo
3.) Subaru Outback 2.5i Premium
4.) Kia Sportage
5.) Jeep Patriot Sport
6.) Chevrolet Express 1500
7.) Subaru Outback 3.6R
8.) Hyundai Tucson GLS
9.) Ford Explorer
10.) Hyundai Tucson GL
For the first time in many years, minivans have been nudged out of the running by SUVs and cross-overs. The conventional wisdom has always been that minivans are the cheapest vehicles to insure, but the growing popularity of cross-over SUVs has helped drop their insurance cost. Because SUVs are very practical and flexible, they remain very popular. Since modern SUV makers have made great advances in fuel economy, these vehicles are likely to grow even more in popularity. Whether this popularity surge will drive their insurance prices back up is still to be seen.
What Affects Insurance Costs Between Vehicle Models?
According to autoinsurancequotes.com here are several factors that influence the cost of insurance. Most factors are based on the driver and his habits, but certain elements of the insured vehicle will make a difference in price:
— The repair or replacement cost of the vehicle and its parts; affordable vehicles are cheaper to insure.
— The safety features and rating of a vehicle; safety features reduce injury claims and drop insurance prices.
— The security features included in the vehicle; anti-theft devices deter thieves and make the car less risky to insure.
— Accident statistics; some vehicles, such as sports cars, are somewhat more likely to be involved in collisions.
— Owner statistics; certain people are drawn toward certain vehicles, and they may have unsafe driving habits.
Before you buy a new vehicle, be sure to do your research on it to determine its safety rating, anti-theft features, repair costs and other factors. Not only will these factors influence your insurance premiums, they may contribute to your ownership expenses in other ways. A car that’s cheap to insure is often also cheap to own for other reasons, so doing your research can definitely help you save money in the long term.
If you’re particularly curious about the effect a new car will have on your rates, you can get a free insurance quote online for the make and model you’re considering. This can help you narrow down a choice between two potential new vehicles so that you can pick the perfect new car for your needs.