According to Forbes.com, in 2015, the cheapest cars to insure included:
- Jeep Wrangler
- Jeep Compass Sport
- Ford Edge
- Ford Escape
- Subaru Outback
Penny Gusner, consumer analyst at Inure.com explains: “Cars that are cheapest to insure typically are easy to replace or have fewer claims or both.”
Even though you may be looking for the most financially viable car insurance option, you need to make sure that you get the cover you need.
How can you make sure that you get low cost car insurance?
Shop Around
There are numerous online quote tools that can help you get a quick snapshot of how much you may need to pay in premiums.
Bundle Policies
If you have other policies with the same insurance company you can get low cost car insurance.
Boost your deductible
By paying a larger excess amount you can lower your costs significantly.
Drive a low-risk car
Powerful, sporty, luxury cars are always the most expensive to insure. Family-friendly cars and sedans cost the least to insure. These cars are simpler to fix and they aren’t quite as tempting for thieves.
Change your driving habits
Insurance is all about risk. Keep in mind that insurance companies will quote you based on the perceived risk they associate with you. If you are on the road more often, chances are that you will increase the risk of you possibly getting into a car accident. You could consider driving less as a way of reducing your insurance premiums.
Maintain good credit
The vast majority of car insurance companies look at your credit score to help to determine your insurance rate. The higher your credit score is, the lower the chances are that you will default or change accounts frequently. This will likely lead to you being charged a lower insurance premium.
