Cheapest Car to Insure
The cheapest car to insure may not be the fastest or most glamorous vehicle, but it will probably cut your fuel costs and reduce your risk of having an accident. Insurance companies use a number of criteria to determine your rates, and many of these factors involve your car, itself. The more risk your car presents to your insurance provider, the higher your premiums will be. The cheapest car to insure is the vehicle that poses the lowest level of risk.
When you apply for a policy to insure your vehicle, your application may require that you provide your age, gender, occupation, postcode, driving history and claims history. However, an insurance company may or may not apply importance to these factors when giving you quotes on coverage. If you drive a car that's costly to insure -- or if you drive an auto that's cheap to insure and you're keen to find lower premiums -- you can often find the cheapest vehicle insurance simply by gathering quotes from a number of providers.
Low Risk Cars
Auto insurance companies classify cars according to their level of risk; namely, the risk that the vehicle may be involved in an incident that could cause bodily injury or loss of property. A vehicle's likelihood of being stolen is taken into account, as well. The danger level of cars is determined by statistics concerning the number of accidents and thefts that occur among each group of cars each year.
Cars receive a rating on a scale of 1 to 20 based on their risks. The most expensive cars to insure generally rate closer to a 20, indicating that they present the greatest danger. The cheapest car to insure is likely to rate closer to a 1, which means that its danger factor is low. As a driver, you may be safest driving an automobile that's closer to a 1, such as an economy auto or minivan. You may also be able to obtain the cheapest insurance policies if your automobile is classified in a low risk group.
Fuel Efficient Cars
The cheapest car to insure may be one of the most fuel efficient automobiles. Cars that get good mileage are among the cheapest vehicles to insure. These ecologically friendly vehicles reduce the carbon dioxide emissions that damage the environment, giving you the reassurance of knowing that you've done your part to prevent global warming.
Driving a low powered automobile can save you money on petrol and may make you safer on the road. Statistically, an economy vehicle may have a lower rate of incidents than a high performance sports vehicle. The cheapest car to insure is the model that is least likely to require a pay-out by an insurance company. Even if you have a clean driving record and have never had an incident, driving a high powered car may increase your rates.
Adhering to your insurance company's mileage limit may help you achieve the cheapest premiums. By reducing the number of miles you drive each day, you also contribute to the health of the environment. The more you decrease your yearly mileage, the greater the discount you may receive. When you compare quotes from different providers, speak to your agent about discounts for mileage and fuel efficiency to get the cheapest policy on the market.
Cars at Low Risk of Theft
Thieves are less likely to fancy the cheapest car to insure. Cars that have a high incidence of theft, such as classic or collectible automobiles or expensive sports cars, are more costly to insure. If you're keen on vintage vehicles, you may be required to purchase classic car cover to protect your treasure.
Classic coverage is generally not the cheapest cover on the market. However, you may be able to offset the costs of your insurance by fitting the automobile with security devices. Housing your collectible beauty in a garage instead parking it on the street or in the drive may also lower your premiums.
Even if you happen to own the cheapest car to insure, you may have higher premiums if you live in a postcode with a high incidence of crime. If you live in a neighbourhood that's considered to be dangerous, your provider may offer you a discount for secure parking or high performance locks. Security devices like immobilisers and trackers can also save you the time and hassle of making a claim if your automobile is stolen.
The cheapest car to insure may not be the automobile you've dreamed of owning for ages. However, you can drive safely and save money by selecting an auto that uses less petrol and has a lower risk of being involved in an accident. When you're shopping for cars, the cheapest car to insure may be the best bargain on the lot.