Many different factors affect the cost of your car insurance, including your driving record, age and the level of coverage you select. However, the cost of insurance is also heavily dependent on the make and model of the car you choose.
Safer, economical vehicles, such as minivans and mid-sized SUVs, are typically the most inexpensive cars to insure. These cars are less expensive to replace and/or repair than other vehicles, and they are less likely to be stolen. Luxury and sports vehicles with high replacement costs, on the other hand, cost the most to insure because they are more likely to incur high cost claims due to crashes or theft. In general, the more expensive the car is to purchase, the more expensive the insurance on the car will be.
Insurance prices vary by model year. However, the cars that are most likely to be inexpensive to insure are usually midsize SUVs, such as the Ford Edge SE. Depending on the level of coverage you choose and your driving history, you may pay as little as $1,100 in annual premiums for this vehicle. The Subaru Outback and Jeep Grand Cherokee Laredo also come with lower-than average premiums, as does the Jeep Patriot Sport and Kia Sportage.
If you're in the market for a van, one of the most economical choices for insurance purposes is the Chevrolet Express 1500. Two more excellent options in the van category are the Dodge Grand Caravan SXT and the Ford Transit Connect XLT. Finally, if you need a smaller vehicle, one of the models with the lowest insurance premiums is the Honda Fit.
Saving on Insurance
Regardless of the car you purchase, you can save money on your auto insurance premiums by shopping carefully for the best policy and keeping your driving record as clean as possible. In addition, be sure to ask about any discounts you may qualify to receive.