Least Expensive Vehicles to Insure
There are three main factors when it comes to the price of insuring a vehicle.
1) Retail Price - usually the more expensive the vehicle is, the more costly it will be to insure.
2) Cost of Parts - Higher-end vehicles have more costly parts, which in turn means for a higher cost to insure than a vehicle that has more basic parts.
3) Safety - The safer the vehicle, the less it will be to insure. Usually larger vehicles are less to insure for the reason that they usually do better in crash test ratings than smaller vehicles.
Click here for a list, ranking the cheapest cars to insure. This list is from 2016 but it still gives a good idea for vehicles that are some of the least expensive to insure.
If you're looking to purchase a vehicle or you have narrowed it down to a few different options, call your insurance professional to get a quote of the cost to insure the vehicle(s). This way you know the total cost of the vehicle and insurance before you buy. Happy shopping!
by Charles J. Greve at CJG Insurance Group
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