What are the Cheapest Cars to Insure?

If you are looking to save money on your insurance costs, then you're probably wondering which cars are the cheapest to insure. While there are a lot of other factors that play into the price you have to pay for your premiums, what kind of car you choose matters a lot. If you can determine which kinds of cars are cheaper to insure, then you can really cut down on your insurance costs and have more money at the end of the month.

New vs. Old Cars

Generally, older cars are easier to insure than newer ones and both receive explanation of insurance claim denial. This is based on a lot of different factors, but there are a couple of things about older cars that make insurance companies more confident when they are assigning premiums. First off, older cars generally cost less to repair than newer vehicles. It is usually easier to get the parts for an older car at a discounted rate than it is for a new car, which often requires the best new parts available. Also, older cars tend to be slower and this is something that insurance companies really love about them because it means that drivers with older cars will be less likely to drive their vehicles at increased speeds.

The other thing about older cars is that they are usually not that attractive to thieves. That doesn't mean that a thief will always pass over an older car in favor of a newer one, but this is generally what seems to happen. Thieves are concerned with resale value, and newer cars are simply worth more. Insurance companies are aware of this, and they are likely to reduce your premiums if your car is not really desired by thieves. If you have a new car, on the other hand, this could cause your premiums to go up quite a bit in the end.

Get Safety Features

One of the best ways to get low rates on car insurance is to secure a vehicle that has a lot of great safety features. These kinds of cars generally receive some of the lowest premiums because they do a lot to help keep drivers from having accidents and from sustaining that much injury if they are involved in an accident. If you are thinking about getting a new car, then it is in your best interest to shop for one that has a lot of different safety features. That way, you can look forward to getting a really great deal.

For example, cars that have anti-lock brakes on them are often given lower premiums because this safety feature will help drivers from being involved in accidents. Back-up cameras will also be good at lowering your costs, as they will insure that you do not have an accident by backing into things. Other features like car alarms and air bags can help you to get really cheap rates on your car insurance premiums.

Size Does Matter

When you are looking for the cheapest cars to insure, you should pay attention to the size of the vehicles you are considering. Size is one that that will matter to insurance providers. Tiny sports cars, for example, are often expensive and driven very fast. As such, there is a lot of potential for danger, and insurance companies will want to protect themselves as best as they can by charging those drivers increased rates for their vehicles. If you want to make sure that you get a good, affordable rate, then you should consider purchasing an average sized vehicle.

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