Choose Your Car Wisely, Save Money on Auto Insurance

Buying a car is a weighty decision. Likely you will do research on the car's gas mileage, the cost of repairs and your different financing or leasing options. However, few people consider the impact that their new car purchase will make on their auto insurance.

It's amazing how much weight your auto insurance company can put on the make and model of your car. Here are a few things to consider when purchasing your new car. Is your car a high-powered model such as a sports car? The temptation to speed in cars with lots of horsepower may lead to traffic tickets and accidents in your auto insurance company's eyes. Research shows that small sports cars are in accidents more often than other car types.

Also, your auto insurance company may charge higher rates for a car that is frequently on the most stolen vehicles list. Certain auto insurance companies will also place a premium on cars that are expensive to repair. You can find information on stolen vehicles from the Insurance Information Institute and the Insurance Institute for Highway Safety.

Make and model of car is particularly important for a teenage driver. If you are insuring your teen and you want to minimize the impact on your auto insurance policy, insure them not on the family's new luxury car or sports car, but on an older model car, preferably not a sports car.