Most people are looking to save money wherever they can an saving money on car insurance is usually high on everyone’s list, Raising you car insurance deductible as you may know lowers your premium, how much does the kind of car you drive matter with an affordable car insurance rate? The list of cars with the lowest insurance cost may surprise you.
Small economy cars while stingy on gas consumption will disappoint you with insurance premiums. Every year, the Highway Loss Data Institute, analyze the actual insurance losses associated with the most popular vehicle makes and models. Since car insurance companies use comparable kinds of facts to set premiums, the rankings give consumers a look into how their vehicle choices affect their car insurance premiums.
Just like always, the statistics suggest that small cars and speed are an expensive combination for insurers — especially with young drivers behind the wheel.
A rule of thumb is, if the car is fast it will be expensive to insure. If the car is small it will be expensive to insure. If the car is small and fast it may prove to be cost prohibitive to insure, especially if you are less than 25 years old, a young driver in the insurance business
10 Most-Expensive Cars to Insure
These vehicles account for the highest dollar amount of losses for car insurance companies
1. Cadillac Escalade EXT 4WD
2. Subaru Impreza WRX 4WD
3. Hyundai Tiburon
4. Mitsubishi Lancer
5. Scion tC
6. Acura RSX
7. Nissan Sentra SE-R
8. Suzuki Forenza
9. Nissan Sentra/Mitsubishi Eclipse
10. Chevrolet Cobalt two-door
Source: Insurance Institute for Highway Safety
10 Least-Expensive Cars to Insure
These vehicles account for the lowest dollar amount of losses for car insurance companies
1. Ford Five Hundred 4WD (now the Ford Taurus)
2. Buick Rendezvous 4WD
3. Buick Lucerne/Buick Rainier 4WD/Honda Odyssey
4. Ford Freestyle 4WD/Subaru Outback 4WD
5. Buick Rendezvous/Honda Pilot
6. Chrysler Town & Country LWB
7. Honda Pilot 4WD
8. Buick LaCrosse/Chevrolet Uplander/Ford Escape/Volvo V70
9. Dodge Grand Caravan/Ford Freestyle 4WD
10. Ford Explorer 4WD/GMC Sierra 1500 4WD/Toyota Highlander/Toyota Sienna
Source: Insurance Institute for Highway Safety
Keeping you car insurance premiums down can be as easy as narrowing your choices for a new car down to 3 or 4 models and calling your car insurance agent and comparing rates. You will be surprised what you learn. The list of cars with the lowest insurance cost may surprise you.
List of Car Insurance Companies
If you were asked to compile a list of car insurance companies could you? How about listing the top rated auto insurance companies throughout the U.S.? A company that is rated high is often a good bet if you are searching for an insurance provider because they have proven their reliability.
There are a variety of factors that go into the process of how a company is rated. As well there is more than one company that is responsible for the rating system. Some of the factors that must be taken into careful consideration are as follows:
· Price
· Level of customer satisfaction
· Financial stability of the company
· Response time for claims
If you are in the market for a new insurance provider for your vehicle, take a close look first at the agencies that rate companies and then from there devise a list of car insurance companies worth considering.
J.D. Power and Associates
This company takes a close look at what consumers have to say before they create a list of some of the most desirable and highest rated providers of auto insurance. They look at the cost associated with coverage as well as how much variety exists among the policies that companies offer. They also look at how policyholders are billed and how they go about accepting payments. Finally, they consider how easy or difficult it is to reach a representative from the company when a problem arises.
J.D. Power and Associates is considered to be a very reliable source for consumer information on car insurance. They are an independently run company that takes no money from any insurance providers. Two of the companies that commonly rank high according to J.D. Power and Associates include Amica Mutual and USAA.
Department of Insurance in Your State
If you take the time to search online you should be able to find a website that is available for the Department of Insurance in your state. Here you will find a list of some of the most highly ranked car insurance providers in the state where you reside. Be aware however that there are some companies that may not offer policies in your area and therefore will not show up on the list.
Financial Stability
How can you as a consumer determine if an insurance company is financially viable and therefore a safe bet for your insurance needs or not? Check rating companies that provide this information. One of the most well known is Standard and Poor’s.
Bear in mind however that a rating company such as this will provide you with only the financial stability of the company you are considering. You will have to look elsewhere for ratings for customer satisfaction, price of premiums, etc. This information on its own is still a wise gauge for whether the company is one you want to do business with.
List of Car Insurance Companies to Consider
Here we list some of the top rated car insurance companies that you should put at the top of your list. These companies include:
· USAA
· Amica
· State Farm
· Erie Insurance
· AAA
· Allstate
· Geico
· Liberty Mutual
· Progressive
