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#Exploring the Least Expensive Vehicles to Insure

There are many factors that go into determining how much you are going to pay for your car insurance premiums.  Obviously, your driving history will be one of the main factors that an insurance company will take into consideration.  In addition, the amount of coverage and the type of coverage you choose to get for your vehicle will also be an important factor.  What many people don’t realize, however, is that the type of car you own can also greatly affect the cost of your insurance coverage.

The cost of your insurance coverage isn’t simply determined by whether or not you are driving a sports car or a top end car.  Rather, many factors are taken into consideration when it comes to assessing the risks associated with a specific make and model of the car.  For example, the insurance company will consider the replacement value of the car, as well as how much it would cost to repair the vehicle and how the vehicle is likely to withstand an accident.  The lower these costs, the lower your rates will be.

According to the Highway Loss Data Institute, the cars that are looked upon the most favorably by car insurance companies that come with a sticker price of $50,000 or less include:

  • Oldsmobile Silhouette
  • Pontiac Montana
  • Saturn L Series Wagon
  • Chrysler PT Cruiser
  • Saturn L Series Sedan
  • Chevrolet Venture
  • Chevrolet Astro
  • Saturn Vue
  • Jeep Wrangler
  • Oldsmobile Bravada

You can expect to enjoy lower insurance rates if you insure any one of these vehicles.  In general, any larger car or truck will be easier and cheaper to insure than a smaller car.  This is because these vehicles do not tend to be heavily damaged when they are involved in an accident. 

When it comes to vehicles that are the least expensive to insure based on theft claims, the Highway Loss Data Institute names the following vehicles as the top six choices:

  • Buick LeSabre
  • Mercury Grand Marquis
  • Buick Century
  • Saab 9-5 four door
  • Buick Park Avenue
  • Pontiac Montana

The least expensive models when looking strictly at injury claims, however, include:

  • GMC Yukon XL 1500 two-wheel drive
  • GMC Yukon two-wheel drive
  • Chevrolet Tahoe two-wheel drive
  • GMC Yukon XL 1500 four-wheel drive
  • GMC Sierra 2500 four-wheel drive

Of course, the costs associated with insuring various vehicles will fluctuate over time.  Therefore, it is always best to check with your insurance agent before purchasing a vehicle in order to be certain of the insurance rates you can expect to pay.

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