Insurance rates for cars are determined by the odds that the car will be damaged through accident or theft and the cost to repair damages. Sports cars have higher rates since they are statistically more likely to be involved in accidents and luxury cars have higher rates because repairs are substantially more expensive to repair if they are damaged. Historically, the least expensive vehicles to insure have been mid priced family cars like sedans, station wagons and minivans. Here is a little information on the cheapest vehicles to insure.
Minivans Have the Lowest Rates
In 2011 six of the top ten cheapest vehicles to insure are minivans. In first place is the Chrysler Town & Country LX with a premium rate that is more than $200 less per year than the national average. The first runner up is another minivan, the Toyota Sienna 4 cylinder with premiums only a few dollars per year higher than the Chrysler. While minivans may not be cool, they are much less expensive to insure than most other vehicles.
Crossovers and SUVs
Four of the top ten cheapest vehicles to insure in 2011 are crossovers and SUVs, partly because, along with minivans, these are the family vehicles of the 21st century. Number one in this category is the Nissan Murano SL with the Jeep Wrangler Unlimited Sport a very close second. Another factor in determining insurance rates are safety features that protect passengers from injury in an accident and all of the top ten cars have great safety features that are standard.
Sedans and Coupes
In this category, coupes are more expensive to insure than sedans and 4 door sedans cost less to insure than two door sedans. Two consistent winners in this category are the Honda Accord and the Buick Lesabre with the Mercury Marquis a close third. One reason for the lower rates on these vehicles is that they are the least likely to be stolen. They may not be a first choice for style, but they consistently have cheaper insurance rates than other models in this category.
Sports cars have the highest insurance rates of any category and none make the top twenty cheapest to insure list. Two that are consistently on the most expensive to insure list are the Chevrolet Corvette which is 5 times more likely to be stolen than other cars, and the Mitsubishi Lancer which is involved in more accidents than most other vehicles. In this category, the Ford Mustang is among the least expensive cars to insure, in part because it is also considered a coupe.
Finding Cars with the Lowest Rates
When shopping for a new car, it is a good idea to look at several models and compare their insurance rates before making a purchase. Since safety features also impact insurance rates, checking the NTSB top ten safest cars list for a model year is also a good idea. The majority of the top twenty cheapest to insure vehicles are minivans, SUVs and crossovers, but rates also depend on where the car is garaged and the driving record of individuals on the policy.
By providing us with basic information drivers can instantly compare very cheap car insurance rates on different model cars to find the rates for the cheapest vehicles to insure. By checking rates of different cars before buying, consumers can determine the real costs of owning a particular model car. You can also find great rates on insurance for different age groups like <a href=”http://gotoautoinsurance.com/59/is-getting-cheap-auto-insurance-for-teenagers-possible/#Teen Drivers”>cheap insurance for young drivers</a>.