By: Denise Koslowsky
Insure.com has once again released their list of the 2016 model cars that are the LEAST EXPENSIVE to insure. While this blog will recap the cars that made the list this year, we wanted to give you some insight into the factors that go into determining the cost of insurance. If you have ever been curious as to why certain cars cost less to insure, read on.
What are the factors that go into determining the cost of your insurance?
Where you live
One of the biggest factor that goes into the cost of your insurance has nothing really to do with the car you are insuring. As it turns out where you live can greatly affect much your insurance will cost you. Why? Well there are a few reasons.
Your other personal information (outside of where you live)
Obviously your personal information will play a big role in determining your insurance rate. The specific factors that come into play include your age, gender, credit score and your driving record.
Specifics of the vehicle you are insuring
Which brings us to the 2016 list. The car you drive does make a difference in the size of your premium. How? See below for some of the factors that affect how much you will pay for your insurance.
Start your search for a brand new 2016 vehicles here:
In the market for a brand new 2015 car? Start your search here:
|Honda Odyssey LX|
|Dodge Grand Caravan AVP 2WD|
|Jeep Patriot Sport 2WD|
|Jeep Wrangler Sport 4WD|
|Jeep Compass Sport 2WD|
|Ford Escape S 2WD|
|Buick Encore Sport Tour 2WD|
|Jeep Cherokee Sport Utility 2WD|
|Nissan Frontier King Cab Pickup|
Once more with feeling
It is interesting to note that the first seven cars on the list above are all repeating their list appearance for 2016. So if you are in the market for a vehicle but don’t want to buy brand new, the 2015 version will also get you lower insurance rates. To see our blog containing last year’s list, click here.
We want to help you and your family find the best possible coverage at the best possible rate. If you are looking to save money on your auto insurance, this list is a good place to start.
Remember, if you purchase a new vehicle, contact Advocate right away so that we can make adjustments to your coverage!
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