Its almost that time of the year where I have to pay my semi-annual car insurance bill. I dread it, mostly because I am the reason behind why the rate is as high as it is. Well, its a combination of my need for speed (speeding tickets), a car accident, and a newer, fancier car. All of this results in classifying me a high risk driver.
When you’re looking for the lowest insurance rates for your car, there’s more to finding a great price than just company-specific discounts. Considering that you probably aren’t looking to drive a historic fixer-upper – which, by the way, usually don’t cost a lot to insure for sheer virtue of their age – you’re going to have to do some digging. Ideally, you’re looking for a car that has an excellent safety rating, low cost of repair, and it’s popular among car buyers.
Here are a few vehicles that are known to consistently command cheap car insurance rates for their owners:
- Subaru Outback. Known for its above average crash safety rating, the Outback is great option if you’re looking for a vehicle that can handle both city and off-road driving. While the safety rating of the Outback is largely responsible for its low insurance premium, its affordability and reliability also play a part, too.
- Toyota 4-Runner. Although not for everyone, the 4-Runner is a great choice if you’re trying to find a vehicle that can accommodate a small family, while still being affordable when it comes to gas and insurance. That being said, if you don’t think you need a lot of space, then this probably isn’t the vehicle for you – there are plenty of other smaller cars out there that can save you more on gas.
- Honda Civic. Consistently rated as one of the safest vehicles to drive, the Civic is both affordable and excellent when it comes to getting the lowest insurance rates for your car. Combined with its relatively low theft rate, it’s an all around great little car for the budget-conscious driver.
- Minivans. While most people don’t want to admit they’re driving around in a Minivan before 30, most models are actually one of the cheapest vehicles to insure. If your current car insurances rates are killing your monthly budget, then you may want to consider trading some of that coolness-factor in for a steeper discounted rate. Besides, you probably won’t have to worry about your car getting stolen, either!
In addition to where you live, and the year of the vehicle, it’s important to remember that there are other factors that determine how cheap your car insurance premium will end up being. For instance, age, credit score and safe driving history influence the lowest insurance rates for your car. Likewise, the insurance company will also look at how expensive replacement parts for your vehicle are just in case you end up in a collision. And, depending on the crime rate in your location, vehicles are also evaluated for their likelihood to end up stolen, too.
On a final note, there are many other vehicles to choose from that have a low car insurance rate – you just have to know what features you’re looking for to find them. The best thing that you can do to get the lowest insurance rates for your car is to directly speak with a car insurance agent to find out what criteria they’re looking at