What car is the cheapest to insure?
Contrary to popular belief, neither the colour of the vehicle, nor the number of doors of the vehicle, causes you to have higher or lower car insurance rates.
A common question we are asked is, “What car is the cheapest to insure?” This depends on the insurance company, as each one will apply rates on their own statistical analysis, some of which are factored on the Year, Make, and Model of a particular vehicle. So, there are many factors in calculating what car is the cheapest to insure.
A common myth is that a small, inexpensive vehicle is the cheapest car to insure. However, in many cases, it is the opposite. Why? For the most part, safety. Car insurance companies prefer that you drive in a vehicle that provides better protection for you. That’s not to say that you should rush out and buy a Hummer, but please keep in mind that small and less expensive will not necessarily result in cheaper premiums for you.
Also, please remember that it is up to you to keep your vehicle in good mechanical repair. This helps prevent accidents caused by mechanical problems such as failed brakes, burnt out headlights and taillights, and lack of snow tires during icy, wintery conditions. Driving, at all times, in a vehicle that is mechanically sound, helps prevent the unfortunate circumstance of an “At Fault” accident. If you have had an “At Fault” accident, our Sweet Lemons Insurance Programs team can analyze your driving record and place you with a company that can give you the lowest surcharges for the accident tickets on your record.
So when someone asks you what type of car is the cheapest to insure, please remember that car insurance companies prefer that you drive in a vehicle that provides better protection for you.