Auto insurance represents a significant expense for most motorists, especially when loans or leases require full coverage. Fortunately, drivers can minimize their premiums by selecting the right types of vehicles. Practical autos tend to surpass sports cars and convertibles in this regard. Specific models vary, but most of the more economical choices fit in one of these four categories:
You’ll probably pay lower insurance rates if you choose a minivan like the Chrysler Pacifica or Honda Odyssey. This statement holds true because most owners have families and drive carefully. Minivans tend to offer superior safety features as well. Luxury cars also provide sophisticated safety and security systems, but they usually trigger high premiums because repair and replacement are costly. Furthermore, some luxury autos have big engines that encourage motorists to drive at high speeds.
2. Station Wagons
You can avoid high premiums by purchasing a wagon, such as the Subaru Outback. Insurers know that these cars usually aren’t driven by people who want to speed. This vehicle style reduces the risk of rollovers, and some models provide all-wheel drive. The length of a wagon protects passengers when another auto strikes the car from behind. These vehicles also cost somewhat less to repair than many alternatives.
3. Compact Autos
Small pickup trucks, SUVs and cars tend to cut insurance rates. They often have comparatively simple designs and features, making repairs more affordable. Compact vehicles don’t inflict as much damage when they hit other autos or structures. Some examples of small cars with economical premiums include the Honda CR-V, Jeep Wrangler Sport, Mazda CX-3, Ford Fiesta and Honda Ridgeline. Most exceptions in this category have powerful engines and high-performance designs.
4. Used Cars
It frequently costs less to insure a pre-owned car, especially if you can pay for it in cash and carry less coverage than a lender would require. A five-year-old vehicle’s lower value cuts premiums by around 15 to 20 percent. Keep in mind that several other factors influence every insurance quote, such as your gender, credit history and age. No automotive brand or model can guarantee a low rate.
Nevertheless, your choice of a vehicle clearly has a major impact on this expense. An auto costs less to insure if it’s relatively safe, compact, easy to repair and/or inexpensive. In addition to cutting premiums, many of the above-mentioned cars will help reduce your spending on maintenance and fuel.
If you would to like to discuss your options for car insurance please call us at 561-732-9305 our quoting hours are Monday through Friday from 8:30 AM to 5:30 PM. In addition, you can request a quote online. Please remember, We Handle All the Work, While You Save!
Robert Macoviak is the President of Oyer, Macoviak and Associates. Oyer, Macoviak and Associates is the oldest independent insurance agency in Boynton Beach and has been in business since 1953. Oyer, Macoviak and Associates are vested members of the community who are committed to doing business face-to-face and being your insurance advocate in times of need.