Reader’s Question:
Which cars are the cheapest to insure?
Michael
Joliet, IL
You might look gorgeous in your new muscle car, but you will be astounded on how much you will expend for your car insurence premium. Insurers rate your car according to its repair price. Obviously, the more expensive the sticker price of a vehicle is, the costlier it is to insure. However, car insurers also employ other factors in determining your premium based on your car type. They will also include the likelihood of your car to come across an accident. They do just make predictions or guesses. They base that on previous statistical data. For instance, small two-door muscle cars have insurance claims. Hence they are appraised more than full-sized family sedans.
Carriers also count the chances of your car being stolen. According to the National Insurance Crime Bureau (NICB), 2007’s top three most theft prone cars are:
- 1995 Honda Civic
- 1991 Honda Accord
- 1989 Toyota Camry
The current models that are in the upper ten are the 2004 Dodge Ram Pickup (#7) and the 2007 Toyota Corolla (#10). If you want autos that have cheap theft claims, take your pick:
- Buick LeSabre
- Mercury Grand Marquis 4-four
- Volvo V70 Station Wagon
Your want car’s safety features also count. The rule: the safer your wheels are, the lesser you will pay. If you install further safety features, you will not only add security to your car. You are also granting yourself some discounts. Here are some of the safety features you may want to have:
- Traction control systems
- Reverse backup sensors
- Adaptive cruise control
There are vehicles that are, all in all, cheapest cars to insure. You might want to consider these models before buying a car:
- Fiat Punto
- Ford Fiesta
- Peugeot 106
- Renault Clio
- Volkswagen Polo
Those cars are among the cheapest cars to insure. However, if you don’t like them, you may go midrange and choose one of these:
- Audi A3
- Land Rover Freelander
- Peugeot 307
- Toyota Corolla (not the 2007 model)
- Vauxhall Astra
