1 Lexus IS 300
2 Land Rover Discovery Series II
3 Audi S4
4 Jaguar X-Type
5 Mercedes SLK Class
6 Lexus GS 430
7 Land Rover Freelander
8 Mitsubishi Montero
9 BMW X5
10 Toyota 4Runner
Among the factors that determine how much you pay for car insurance, such as gender, age, driving record, one of the most important is the type of car you drive.
Common-sense holds that the more expensive the vehicle, the more expensive the car insurance. While that's true in part it's not the whole story. Insurance rates differ greatly between makes and models. If a car performs well in crash tests, is not frequently stolen, and has additional safety or anti-theft devices, it will cost less to insure. On the other hand, if your car is high performance, easily stolen or ranks poorly in crash testing, it will cost more to insure.
If you drive a high performance vehicle, insurance companies assume that you will use that power and practice riskier driving. This assumption is statistically validated. And should you get into an accident, regardless of fault, the cost of returning your vehicle to its original condition can be high, even for a fender bender.
SUVs and other large vehicles may be safer than compact cars in accidents but they tend to inflict more damage which leads to larger liability claims. Some SUVs also have inherent design flaws which raise safety issues, specifically with rollover tests. Accordingly, insurance companies share these additional financial risks with the driver in the form of higher premiums.
But cars that are known as "family cars" tend to have lower insurance premiums. These cars include minivans, family sedans, and station wagons. They combine a higher safety rating with a better value. And cars that are used primarily to transport a family are generally involved in fewer accidents, due to safer driving habits associated with those who transport family members.
So, which cars are least expensive to insure?
1 Oldsmobile Silhouette
2 Pontiac Montana
3 Saturn L Series Sedan
4 Chrysler PT Cruiser
5 Saturn L Series Wagon
6 Chevrolet Venture
7 Chevrolet Astro
8 Saturn Vue
9 Jeep Wrangler
10 Oldsmobile Bravada
Whether you're driving a Lexus or an Olds Silhouette, we may be able to save you money. In St. Louis, call Larry Nolte at 314 881-1940 for competitive quotes. Or use our online rating system, it's there for you 24/7.
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