subject: Getting Cheap Auto Insurance Often Depends On What Vehicle You Drive [print this page] One of the factors you should keep in mind when buying a new vehicle is if you can get auto cheap insurance for it. Annual insurance premiums constitute one of the more significant costs in operating a car so if you wish to keep those costs to a minimum, selecting the right car is essential.
Insurance firms arrive at insurance rates using reams and reams of stats that analyze things like number of accidents, cost associated with those accidents, age of drivers, location of motorists, etc... and what kind of vehicles are involved with those accidents. Insurers can then change the cost of insurance by determining exactly what cars are more or lesss likely to be involved in accidents.
According to InsWeb, one of the leading online insurance quoting web sites, the top 10 least expensive 2010 vehicles to insure are:
Kia Sedona
Mazda Mazda5
Ford Escape
Hyundai Santa Fe
Mercury Mariner
Chrysler PT Cruiser
Ford Explorer
Subaru Outback
Kia Optima
Chevrolet Equinox
On the flip side, the most expensive to insure 2010 models are:
Acura ZDX
Audi TTS
Audi A5
Cadillac Escalade
Chevrolet Corvette
BMW Z4
Lexus SC
Jaguar XF
Cadillac STS
Dodge Challenger
Of course, the very first thing that leaps out at you from these lists would be that the more expensive a vehicle is the less likely you are of getting cheap auto insurance. The majority of of the vehicles in the costliest to insure list cost over $40,000 but then, if you can spend the money for car you should be in a position to afford the insurance.
Over and above the cost of the auto, cheap insurance is impacted by several variables.
1- Claims history - dependent on how likely a particular type of vehicle was involved with claims. Obviously it isn't the cars fault if it has an accident but rather it's the driver's fault. However, certain vehicles attract certain, higher risk drivers. It is not hard to realize why performance vehicles would be high on the most expensive to insure list. Interestingly, because inexpensive cars often have younger drivers because of their affordibility, they tend not to be the cheapest to insure as a result of extra risk brought by younger drivers.
2- Repair costs - it is simply less expensive to fix some models over others. Parts availability and prices are an important concern. Take note how many of the expensive to insure automobiles are high-end imports.
3- Safety gear - Vehicle stability control and side air bags are just examples of safety measures that will reduce claims from injuries and contribute to reduced insurance premiums.
4- Security devices - a good quality alarm system on a car will give rise to reduced premiums.
So before buying your new car look at the above list and if obtaining cheap auto insurance is essential then buy accordingly. However, these lists are continuously being updated so make sure to check for any fresh information.
by: Gerry Lalonde
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