Tag Archives: auto insurance

Top 5 Cars With The Lowest Auto Insurance Quotes

Buying a car is one of the most expensive purchases a person can make in their lifetime. Depending on the make and model you buy, you can easily spend $30,000 to $40,000 after paying down your principal and interest. Most people don’t consider insurance when shopping for a car, even though it can easily add $100-$200 to monthly car costs. This leaves many car buyers shell-shocked when they realize they didn’t budget for this added expense.

You don’t want this to happen to you. Before you go out and buy a new car, consider the top five cars offering the cheapest auto insurance quotes by Forbes and Insure.com.

#1: Hyundai Santa Fe
The Hyundai Santa Fe was listed as the least expensive vehicle to insure in 2009 with a average yearly insurance cost of $832.

This car’s main qualifier for the cheapest rate quote is a Highway Loss Data Institute report of “substantially better than average” for comprehensive insurance losses, as well as “better than average” for personal injury protection insurance losses. Some of the safety features that play a role in this vehicle’s low coverage costs include brake assist, body-side reinforcements, 3-point seatbelts, 4-wheel ABS, traction control, shift interlock system, front-rear crumple zones and multiple air bags.

#2: Kia Sportage
The second least expensive vehicle to insure is the Kia Sportage. With an average yearly insurance cost of $840, buying the Sportage makes insurance affordable.

The main reason insurance costs are so low with this vehicle is its safety ratings. With the NHTSA Star Ratings alone, the Sportage received the highest rating —  five stars — for frontal and side tests on the driver, passenger, front seat and rear seat. Some safety features of the Sportage include multiple air bags, 4-wheel ABS, traction control, side-impact door beams and lower anchors & tether for children (LATCH).

#3: Hyundai Entourage
The Hyundai Entourage ranks number three on the list with an average yearly insurance cost of $848. Not bad!

The reason this car was quoted for a low insurance cost was because it received high safety scores from both the NHTSA and the IIHS. Some of the safety features on the Entourage include front side and curtain side airbags, ant-iskid system, traction control and anti-lock brakes.

#4: Kia Sedona
The Kia Sedona was an IIHS 2009 Top Safety Pick for its good performance in front, side and rear tests, as well as standard electronic stability control. Because of its top rankings across the board, the average yearly auto insurance rate for this minivan is $857. There are a ton of safety features on this car that give it its ranking. Some include electronic stability control, brake assist, 4-wheel ABS, passenger/side head/rear head air bags, height-adjustable front and 2nd row seatbelts, 3-point seatbelts, and an energy-absorbing steering column.

#5: Kia Rio5
The Kia Rio5 rounds out the list of the top five cars with the cheapest auto insurance quotes. This mini SUV offers a sleek look and great safety features to match. It received four stars from NHTSA for drivers and passenger side frontal impact and rollover resistance, as well as five stars for front-occupant side impact, giving it a average yearly insurance cost of $870. Some of its safety features include driver/passenger/side head/rear head air bags, rear 3-point seatbelts, LATCH, side-impact door beams, an impact-absorbing steering column and front/rear crumple zones.

As you can see, there seems to be a consensus that both Kia and Hyundai vehicles offer top-quality safety and thus help to lower your auto insurance rate. So it’s good to keep this in mind as you search for cars and attempt to lower auto insurance. But if you’re interested in a different type of car that didn’t make this list, it’s good to consider other ways to lower your auto insurance.

Additional Ways to Lower Coverage

  • Buy an economy car – Having a smaller car can help lower your auto insurance. So consider this as an option as you look for cars to purchase.
  • Consider PAYD insurance – Also known as “Pay as You Drive,” this is a relatively new type of insurance that’s only available in a few states so far, but it allows drivers to pay based on mileage rather than their driving habits, credit report, age, gender, etc. If you drive a short distance, this could benefit you pretty well.
  • Seek discounts – Most insurance companies offer some one or more discounts that their customers can take advantage of. So whether you’re a good student, good driver or have purchased multiple policy types (ex. life, homeowners) with this company, you can probably receive a discount in the process.
  • Shop around – If you don’t shop around for competing quotes, it will be hard to determine which is the cheapest. So make sure you shop around with various insurers before settling on coverage for your car.

Sometimes it’s tough to think in terms of auto insurance rates when you’re wowed by the beauty of a new car. They put so many bells and whistles in them nowadays that it’s hard to think of anything else. However, car notes are expensive enough without adding an expensive car insurance premium to it. So before you buy a car, it’s good to consider how much insuring it will cost.

This was a guest post written by GoInsuranceRates.com, where you can find the best deals on auto insurance, home insurance, life insurance, and health insurance.

The Importance Of Auto Insurance

Auto Insurance

Auto Insurance

Believe the commercials, the risk is real, and if you drive without insurance you are breaking the rules.  Is it worth losing your license, risking fines, or even worse ruining a stranger financial security because you didn’t want to buy auto insurance?  Let’s look at a few reasons why it’s important to have auto insurance and not just because you are suppose to.

Just having an auto insurance policy is better than going without, but it’s also important to be familiar with what your existing policy covers.  For instance, if you ever rent a vehicle, will your policy cover an accident in the rental vehicle?  Next, just because you may be injured in an automotive accident doesn’t mean the auto insurance will cover living expenses and continuing costs if you become disabled.  This becomes a more glaring issue if you are at fault and without insurance to help the people you hit.

Throughout your life your auto insurance policy should grow with you.  If nothing else but to protect your assets and family in the case of a tragic costly accident.  Younger people who are renting and don’t own a home won’t need the level of auto insurance that someone older with more assets should be concerned with.  It’s true, if your auto insurance doesn’t cover the cost of an accident, you can be sued to cover the difference, putting all your assets including your home on the line.  So as you progress through life it’s important to review your policies to make sure you are getting the proper coverage.

Lastly, to have a good policy doesn’t necessarily mean that it should be a lot more expensive.  You can reduce the monthly cost of your auto insurance by simply increasing the deductible.  This means that you will be out of pocket more money in the case of an accident, but pay less per month for comparable policies.  Don’t skimp on the important aspects of a policy, your life can change in the flash of an eye, protect yourself and your family.