Cheapest and Costliest cars to insure

When buying a new car, you pay more attention on the selling price disregarding other associated cost like insurance, cost of maintenance and cost of fuel. All these things should be considered while deciding on which vehicle to purchase. Most especially, knowing what your insurance rate will be is very important. You can’t drive without it. Therefore, it’s important you understand certain factors that may affect your car insurance rate.

First, the cost of the car you are buying is a determinant to your auto policy cost. The cheaper the car, the cheaper the insurance. If the vehicle is locally produced, you will pay less rate compare to imported automobiles. Vehicles with four doors cost cheaper to insure that two doors. Commercial vehicles has higher rate than personal cars. Also cars with smaller engine cost lower than heavier engines.

Other factors include the technology of the vehicle. Cars with complex technology will be more expensive to replace or repair. Because of this will cost more to insure than moderate cars.

In a nutshell, insurance cost is based on the cost of repair if damaged, cost of replacement if stolen and administrative charges of the insurance company.

Therefore, when choosing a vehicle go for less expensive and moderate ones to help you save on insurance.

According to the research by various automotive institutes, here are vehicles that cost more to insure.

Lexus IS 300

Honda S2000

Mercedes CL-Class

Dodge SRT-4

Acura RSX

Nissan 350Z

Jaguar XJ

Mitsubishi Lancer Evolution

Subaru Impreza WRX

Jaguar XK (convertible)

 Below are 17 vehicles that cost less to insure

GMC Safari SLE AWD 3dr Minivan

Nissan Pathfinder Armada (2004 only)

Mazda MPV

Volvo S40 4dr Sedan

Saab 38600 Linear 2.3t 4dr SportWagon

Pontiac Sunfire 2dr Coupe

Volvo XC90

Ford Taurus

Chrysler PT Cruiser 4dr Wagon

Chevrolet Malibu Maxx

Buick LeSabre

Pontiac Montana (standard model)

Pontiac Montana (extended model)

Ford Thunderbird

Buick Century Special Edition 4dr Sedan

Saturn L300 1 4dr Sedan

Dodge Caravan SE 4dr Minivan

The two lists are not final. There are other cars that fall within these categories. However, it’s important you find out the cost of insurance for any of your preferred choice.

To know the cost of insurance, you can simply go online and get free car insurance quotes. To do this, connect with a reliable car insurance quote comparison website such as easy buy auto insurance or others. Fill out and submit a brief quote request form on the website and next you will get at least 5 quotes from different insurers. This will give you an idea of what to expect.

Quotes are not usually the final cost. There are steps you can take to further reduce your rate. These include improving the security of the car, improving your credit score, reduction of mileage and a host of others.

I hope you find this article very helpful.