Buying an Insurance Friendly Car

A simple way to save on auto insurance? Buy an insurance friendly vehicle! Here are 4 factors to consider when buying an insurance friendly car.

According to the annual Your Driving Costs study by the American Automobile Association (AAA), the yearly cost of owning and operating a vehicle in the U.S. was $9,282 in 2019 (based on 15,000 miles annually). One way to reduce monthly expenses for a car is buying an insurance friendly car, i.e., a vehicle with inexpensive auto insurance.

If you are planning to buy a car, an insurance friendly car can help you save significantly on your auto insurance premiums. Let’s take a look at some useful tips on buying insurance friendly cars.

4 Tips for Buying an Insurance Friendly Car

In order to buy a car with inexpensive auto insurance, you need to pay attention to several factors. Following are the top four tips on how to buy an insurance friendly vehicle.

Kind of Vehicle

The first thing to do is to know which types of vehicles are considered insurance-friendly. Auto insurance premiums for high performance vehicles are usually very expensive. If you want a discount on auto insurance, you should avoid buying the following types of vehicles:

1. Sports cars
2. Expensive luxury cars
3. Vehicles with high horsepower
4. Extremely small vehicles
5. High performance vehicles
6. Large SUVs

On the other hand, some examples of vehicles with low rates of auto insurance premiums include minivans, mid-size SUVs, and family sedans.

Theft Rates

The theft rate of a vehicle should also be taken into consideration when looking for a vehicle with inexpensive auto insurance. Insurance companies usually charge low auto insurance rates for vehicles with lower theft rates. To check out the theft rating of a car, you can visit the official website of the National Insurance Crime Bureau (NICB).

Repair Costs

Some vehicles require comparatively low repair costs after an accident. Such vehicles fall in the category of insurance friendly cars. The repair cost of a vehicle depends a lot on the quality of spare parts and accessories used for its manufacturing. You need to do a little research on this to find out the right vehicle.

Price of the Car

Expensive cars are usually charged with expensive auto insurance premiums. So, if you are planning to buy a luxury car, you may not get the desired discount on the rate of auto insurance. Some insurance companies charge more for vehicles that are made abroad. The repair costs for these cars are usually higher than those of domestically manufactured cars. This is simply because cars made abroad require paying more for shipping replacement parts from other countries.

Keeping a check on the above mentioned tips can make it easy for you to find and hopefully buy an insurance friendly car. You can also consult an auto insurance agent to know more about these cars. However, before taking advice from an insurance company about this, make sure that you check the company’s background and reputation.

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Reviewed June 2021