What is the Cheapest Car to Insure?
Insurance is something that is part of owning a vehicle. There is no way around it if
you want to stay on the right side of the law. Car insurance is also based on many different things. Where you live, whether you are male or female, how old you are, previous record and the style of car you drive all make a difference. There are many different things that you can do to make sure you pay as little as possible on your car insurance. First let’s take a look at what is the cheapest car to insure?
We can definitely say that a Ferrari will not be a cheap car to insure no matter what the circumstances. Keep in mind when insurers look at insurance cost they do a classification on all different vehicles. So generally speaking the insurance cost of certain vehicles will remain the same. They may change slightly depending on the circumstances we addressed earlier. So let’s take a look at some classifications of vehicles:
- Fiat punto
- Ford Fiesta
- Volkswagen Polo
- Peugeot 106
- Renault Clio
- MID RANGE
- Peugeot 307
- Vauxhall Astra
- Toyota Corolla
- Land Rover Freelander
- Audi A3
A good rule of thumb to consider is if your car was cheap to purchase than chances are it will also be cheap to insure. This will hold true in most cases unless you got an amazing deal on a car. Yet keep in mind that buying price is not the only thing that insurers look at when determining car insurance cost. They are also concerned as to how much the vehicle would cost to repair if it was in an accident. They figure out if there was a claim what it would cost to repair. Seeing that the majority of money that insurers payout is for repairs this is important. A good rule of thumb is the cheaper the parts to repair your vehicle the cheaper the insurance will most likely be.
Another thing that insurers look at is the security you have with your vehicle. Chances are if it’s a newer car it will have an alarm and other security features. Your insurance will probably go down if you have added security features to your car. Also keep in mind as nice as a sports car or faster car is, they will charge more insurance if you have this kind of car.So now the decision is yours, there are many different places available that will let you know what your insurance cost will be roughly before you make your purchase. This is a great idea if you are looking at a certain vehicle, you can give them a shout and they can let you know. Fuel is expensive enough, coupled with high insurance may mean you can’t afford your car. So when looking do ask yourself, what is the cheapest car to insure?