Least Expensive Cars Types to Insure

It seems that lists with the least expensive cars to insure come out every year, and every list seems to contradict the next. Really, just knowing a few basic principles about auto insurance companies and how they asses risk can allow you to find a car that will not cost you an arm and a leg to fix.

Horsepower and High Auto Insurance Rates

Auto insurance companies do not favor cars with a lot of horsepower because the owners of these cars are more likely to engage in speeding. Sports cars carry higher auto insurance premiums than an economy car or mid size car. Very large SUV's are costly for auto insurance companies because they do not have the greatest safety performance, cause more damage when they are involved in an accident, and if they are luxury SUV's cost a lot to repair or replace.

What Auto Insurance Companies Prefer

Auto insurance companies like cars that are middle of the road, and frankly, a little unexciting in most people's eyes. These would be mid-size cars, economy cars and vans. Vans especially have some of the lowest auto insurance quotes because vans are large enough to protect against an accident, but not so large that they cause extensive damage to others.

Auto insurance companies also know that van drivers fit the demographic of older drivers with safe driving habits, especially if they are carrying children. These drivers are involved in fewer accidents and get some of the best auto insurance quotes available.