If you can’t stop the rush you get from speed and buy a smaller, sportier type of car that can tear up the street, you most likely won’t be able to find discount auto insurance. Research by insurance companies show that smaller automobile are more likely to be in an accident because the owners of sporty model automobiles drive their cars in ways that make them more susceptible to accidents. Another reason is that younger drivers who take more risks while driving typically buy these types of vehicle because they are cheaper.
Each year, there are stats looked at by the Insurance Institute for Highway Safety concerning the insurance losses associated with the most popular vehicles. Since insurers use these identical elements to set premiums, knowing how much the insurance for a automobile will cost before you purchase it may save you from making an expensive mistake. In 2008, the Institute rated the Scion tC, the Hyundai Tiburon,
the Mitsubishi Lancer and the Subaru Impreza WRX among the top 5 most expensive cars to insure.
Surprisingly, the automobile that leads the way on the Institute’s list, is the Cadillac Escalade, it is a luxury SUV commonly owned by a more affluent and older driver. So what causes this vehicle to be so costly to get insurance for? Car thieves love the Cadillac Escalade. The truck has become a status figure because of its relationship with super stars, making it one of the most desirable trucks among thieves, this causes the comprehensive coverage for this truck to costs six times more than the national average.
Of course, if you want to know about the most costly automobile to get insurance coverage for, then you will normally get around to asking about the least pricey to insure. If you are trying to lower your insurance price, look for the more recent versions of what is known as a “family car.” Vehicles that fall into this list are usually mid-size SUV’s, minivans and four door cars. The individuals who usually buy these “family cars” have a strong reputation for cherishing safety. These automobiles are less likely to be used as your commuting vehicle, therefore, avoid the risk associated with rush hour traffic. Some of the least expensive automobiles to insure include the Buick Rendezvous, the Subaru Outback, the Honda Pilot, and the Chrysler Town & Country.
The Ford Taurus, a med-sized four door, topped the list. Insurance companies love Taurus owners because they prize safety above all other things. Vehicles like the Taurus are parked carefully away in garages when not being used, also minimizing their risk of theft. Additionally, auto thieves usually don’t try to discover these kinds of vehicles, which in turn increases their value to insurance companies.
Before you go out and purchase your next car, consider the following tips:
* When getting free insurance quotes ask your insurance company if any of the cars you are considering have higher prices then the average vehicle.
* Ask if any of the the automobiles you are considering have a bigger chance of being stolen or cost more to repair.
* More pricey vehicles commonly come with a higher insurance cost so you might want to consider avoiding these.
* Safety saves you cash. Look at results from crash tests, the possibility for rollovers on SUV’s, if any recalls are in place and consumer complaints.
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