Cheapest Cars to Insure
The cheapest cars to insure may also be the cheapest cars to own and the safest cars to drive. In addition, the cheapest cars to insure are often the cheapest to repair, and because these models are also extremely fuel efficient, they may be cheaper to operate. Safety is another important factor in determining the cost of car insurance. The lower the probability that your automobile will be involved in an accident or stolen, the cheaper your auto will be to insure.
When you're purchasing a new car, you will have many factors to consider besides the cost of insurance. However, if you are specifically shopping for a new model with the cost of temporary car insurance in mind, you'll find that the cheapest cars to insure are also the most popular, cost effective models. A new sports hatch or family sedan that uses fuel efficiently and is easy to maneuver in all weather conditions may be your best bet if you're shopping for the cheapest cars to insure. A high performance vehicle or classic model will invariably be more expensive to insure.
Safest Cars to Drive
The Insurance Group Rating Panel developed a tool for classifying cars based on their level of risk to an insurance company. The top acceleration speed and engine size of cars are taken into account in this analysis, as are the cost of spare parts, the average length of repair times and the availability of qualified mechanics. Cars that are likely to cause severe damage in a collision -- namely, the faster, heavier models -- are more expensive to insure than light weight, fuel efficient cars.
Each automobile is ranked on a scale of 1 to 20 based on its level of risk to an insurer. The higher a vehicle ranks on the scale, the higher the level of risk, and the more costly the auto will be to insure. The cheapest cars to insure rank below a 10, whilst the most costly cars to insure rank above a 10.
The cheapest cars to insure are the easiest to maneuver, which makes it easier to avoid hazardous situations and negotiate risky traffic conditions. These attributes, in addition to the cheapest insurance costs, add to the appeal of these vehicles, especially for young and newly qualified drivers. The cheapest cars to insure may also be the cheapest cars overall, when you consider the money you may save on auto insurance claims, automobile repairs and petrol.
A no claims discount may make the cost of the cheapest auto insurance even cheaper. When you've driven for a specified period without making any claims, you may claim a discount on your insurance that may eventually amount to 65 to 70 percent off your premiums. Driving a vehicle that's safe on roads and motorways may help you achieve a substantial no claims bonus over time.
High Security Vehicles
Auto theft and break ins are the cause of many insurance claims. When insurers calculate your rates, they consider the probability of your care being stolen or broken in to. Parking your automobile in a secured garage rather than in the street or drive may lower your premiums. Buying a vehicle that's been fitted at the factory with high performance locks, a tracker or immobiliser may help you achieve lower rates.
Each new make and model on the market is rated according to its level of security. The more secure a vehicle is, the more favourable its rating, and the lower the cost of insuring the model. When combined with the Insurance Group Rating Panel's system for ranking automobiles, the security rating system provides a comprehensive overview of the risks that an automobile presents to a car insurance company.
The cheapest cars to insure have the lowest risk of theft, due to their enhanced security features and the owner's safety precautions. The more measures you take to prevent theft and secure your investment, the cheaper your premiums may be. If you live in a dangerous postcode with a high rate of crime, you may obtain the cheapest insurance by driving a low risk vehicle that's cheap to insure and keeping it properly housed in secured conditions, especially at night.
If you are concerned about the possibility of your auto being stolen, consider third party fire and theft or comprehensive cover for your vehicle. These policies pay out to replace your automobile if it's stolen, or to repair the vehicle if it's damaged during an attempted theft. Compare quotes on both levels of cover to find the policy that fits your personal requirements and your price range. In addition to buying one of the cheapest cars to insure, you can increase your chances of obtaining cheaper cover by taking time for a bit of selective quote shopping.