Which cars cost the least (and the most) to insure? And tips to save on car insurance
Filed under: Insurance, Transportation, Economizer, Insurance - Car Insurance
The list of the most expensive cars to insure and the cheapest cars to insure in 2010 comes from InsWeb, which compared insurance rate requests from customers for over 400 models from January to September of this year. These quotes, and rankings, take into account the quotes for customers of various ages and from different areas of the United States.
The 10 least expensive 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
- Acura ZDX
- Audi TTS
- Audi A5
- Cadillac Escalade
- Chevrolet Corvette
- BMW Z4
- Lexus SC
- Jaguar XF
- Cadillac STS
- Dodge Challenger
For the full listing, which shows the top 25 cars in each category, visit InsWeb.
When you go looking for a vehicle, keep in mind that the performance cars which dominate on the speedway also dominate on the most expensive to insure list. This is because drivers of these sports cars are more likely to engage in speeding and risky behavior, than say a family cruising along the interstate in a small SUV. The value of a car and repair costs are also a huge factor, since a crash in a $50,000 Acura ZDX will cost more to repair than a $25,000 Kia Sedona.
Figuring out how much it would cost you to insure a car is a simple process these days that should only take a few minutes. If you have a local agent you can give them a call, and tell them a few different models you are looking at purchasing. Or if you are looking for new insurance you can get free quotes online from companies like InsWeb and others who will check the rates at numerous insurance providers to help you compare prices -- and the difference between what you currently pay.
While there are a variety of factors that play into how much you will pay for car insurance, Brad Cooper, Senior Vice President at InsWeb, told WalletPop in a phone interview that drivers should make sure their "personal profile" is up to date to ensure they are getting the best rates.
For example, recently unemployed drivers may now drive much less, which could reduce the cost of insuring their car at a time when it is most needed. Because there are many factors at play, Cooper suggests taking time to talk to your agent or insurance representative every six to 12 months to ensure that you are getting the best price and the right amount of coverage.
If you're looking for ways to save on car insurance, check out WalletPop's Best ways to save money on Insurance in 2010. You'll find tips for saving on car insurance as well as home and other insurance. Autos.Aol.com also has a collection of articles that will help you get the best deal on car insurance.
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Reader Comments (Page 1 of 1)
11-10-2010 @ 6:30AM
Don said...
Lately we have been bombarded with tons of ads on TV from auto insurance companies all claiming to be the cheapest. Like everyone else in this economy I need to save money wherever I can, so I wanted to get the best deal for our 2 cars. I sure didn't want to be bothered by any pushy insurance agents so I did some research and found a web site ( InsuranceDiscountCentral.com ) that was able to get me quotes from all the reliable insurance companies and within 5 minutes I had a deal that saved me over $900 a year. Not only that but is a better plan than the one I had and it didn't cost me a penny to find it.
Reply
11-10-2010 @ 1:51PM
Steve said...
Don, that site does it the right way and it is the only way to get the lowest rates. The insurance companies know that they have to compete for your business and all the nonsense they run in their ads mean nothing when you are presented with rates from all of them at once. Thanks for posting that link.
11-10-2010 @ 10:04AM
james said...
I live in a state with a financial responsiblity option. We can pay $60,000 or $120,000 in lieu of insurance. If anyone hits me, I'll be the insurance companies worst nightmare. I don't play their games. It's called payback.
Reply
11-10-2010 @ 12:12PM
TonyC said...
This is pretty much a no-brainer, isn't it? All the cars you'd want to own have high insurance preiums; all the stuff you'd hate to drive is cheap. Why does this even have to be written?
Reply
11-10-2010 @ 1:48PM
Bob said...
Buy American!!!!!!!!!!!!!!!!!!
Reply
11-10-2010 @ 6:20PM
don said...
Hi,
I drive a corvette and belong to a club with 200 members many who have collectable corvettes and I disagree that they engage in irresponsible behavior with the cars. They have much money invested in these cars and treat them like pets and would do nothing to harm them. The members who like to race go to training and only race on tracks. The average age is probably 50. I waited 40 years before I bought my first corvette and I am so careful with it you wouldn't believe.
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