Cheapest Cars to Insure in 2014

Why Not Buy a Cheap Car to Insure?

Not Cheap to Insure!

Not Cheap to Insure!

There are a couple of good reasons to consider the cost of insurance premiums when you shop for a new car in 2014 or beyond. In some cases, your insurance premium may represent a substantial portion of the cost of vehicle ownership. Second, there are good reasons that some cars cost less to cover than others, and it is usually because auto insurance company statistics back up the fact that these vehicles may tend to get stolen less often, are involved in fewer claims, and/or are cheaper to repair when they are damaged.

Here are some things to know about the cost of insuring different types of vehicles:

  • The sales price of the vehicle may not reflect the cost of insurance: Typically, medium-priced newer vehicles that are intended for the family market make the list of 2014 cars that cost less to insure. Very cheap and very expensive cars usually come with higher premiums.  Also, used cars are not always cheaper to cover than new cars.
  • The make and model of vehicle are not the only things that impact car insurance rates: Of course, insurers also consider the driver(s), the way the car gets used, and the location where the car is typically driven.
  • Insurers are not all the same: Some auto insurance companies are friendlier to certain types of cars and certain types of drivers than others. It pays to shop around to ensure you get the best insurance rate, and you are free to get car insurance quotes before you purchase a new or used car.

Which Cars are Generally Cheapest to Insure in 2014?

Forbes Magazine published an article called Cheapest 2014 Cars to Insure in 2014, and the results might surprise you.  SUVs, crossovers, and minivans typically make the top 10 best insurance values, and this may be because these cars are made to haul kids around, so buyers care about safety more than other things.  This is partly because insurers like the safety record of these vehicles, but it is also because insurance company actuaries like the type of people who purchase these family vehicles.

These are some results of average annual costs to insure these cars with a driver representative of an average owner:

  • Jeep Wrangler average annual premium: $1,080
  • Patriot: $1,104
  • Compass: $1,140
  • Grand Cherokee: $1,171
  • Honda CRV: $1,115
  • Subaru Outback: $1,144
  • Dodge Journey: $1,149

The costs are just averages, and the quotes were obtained with some definition of an “average” driver.  The quotes are also national averages, and your state may be more expensive or cheaper. You might be interested in looking at some average car insurance costs by state to see how your area ranks.

Of course, you are free to obtain quotes for any make and model of car you might consider buying for yourself. Combinations of discounts and other positive factors, like a clean driving record, could make your own 2014 car insurance cheaper. Of course, a few dings on your record or living in a city with high average premiums could make your coverage more expensive too.

Which vehicle is most expensive to cover in 2014? According to Forbes:

Nissan GT-R sports coupe in its top Track Edition breaking the bank at an annual average $3,169.


Lower Car Insurance Rates for Teens and Seniors

How to Find Affordable Auto Policies for Young Drivers and Older Drivers

Reduce driving risks for teenagers and seniors

Reduce driving risks for teenagers and seniors

If you have some high school or college kids on your auto policy, you probably got a rate shock when you first needed to cover them after they earned a drivers license. On the other hand, if your elderly mom and dad still drives, they may have been shocked when an insurance company that they had relied upon for years suddenly handed them a sizable rate increase.

While middle aged people might enjoy the very best auto insurance rates, the very young and the very old might be considered high risk drivers. However, there are some good things that both teenagers and seniors can do to reduce policy prices.This article covers both younger and older drivers.

Why Are Average Rates for Teenagers and Elderly Drivers Higher?

Both tens and seniors are the highest risk rate classes for age. Insurers see that both groups are more likely to make claims that members of other age groups, so they charge more for coverage. While teens lack experience and possibly judgment, older people may not react quickly or still have acute senses. Additionally, frail elderly people are more likely to suffer from serious injuries in an accident than younger people. However, there are things that can be done to help reduce risks and earn discounts for both teenage and senior drivers.

Under 25 and Teenage Drivers

It’s almost a joke that young adults and teen drivers are likely to have accidents as they are gaining experience and maturing, but it might not be a joke if your son or daughter has a serious accidents. That is why it is important to do everything possible to turn them from teen drivers into safe drivers as quickly as possible.

Adults under 25 and teenagers tend to be considered high risk drivers for a few reasons:

  • Lack of experience and maturity
  • No driving history for a car insurance company to base decisions upon
  • Higher rates of distracted driving accident
  • Higher rates of claims than other age groups
  • Judged as impulsive or poor decision makers

How can you convince an insurance company that your son or daughter is not as risky as his or her age group? Really,  you can demonstrate that you have taken ever possible step to help them avoid an accident.

These steps may result in cheaper car insurance for young drivers with young driver discounts and/or help prevent accidents:

  • Accredited driver’s education schools offer training on the road and in a classroom.
  • Good students earn discounts with many insurers.
  • Typically, combining their coverage with your own may result in a family discounts.
  • Student drivers need to be made aware of the dangers of distracted driving and driving while drinking.
  • Students need to avoid tickets or accidents to keep rates lower and protect their own safety.
  • Consider getting your young driver one of the safer cars that are also cheaper to insure.
  • If your son or daughter only occasionally shares a car with you, see if you can get them named as an “occasional” driver.

Senior Drivers

Older drivers may have lots of experience on the road, and they generally tend to be cautious drivers. You might think they are exactly the opposite of teenagers and should earn good auto insurance rates. However, teens usually have good eyesight, vision, and reaction times. As people age, they may lose some vision, eyesight, and ability to react quickly to different situations on the road. There may even come a time when elderly people really should not drive any long.

However, these are things that can help senior drivers safer and possibly earn senior driver discounts:

  • Defensive driving classes: Some are specially tailored for elderly drivers or drivers with different physical conditions.
  • Consider safer cars: Many cars come with crash-detection systems and other features that help all people avoid accidents.
  • Consider road conditions: Some older people should only drive in the daytime and avoid poor weather conditions.
  • Avoid freeways and busy traffic: Additionally, many older people decide not to drive on freeways and confine themselves to quieter streets.

If elderly people need to reduce their driving or even eliminate it, it might help to find housing that is convenient to mass transportation or have other family members pitch in more to help with appointments and errands.





Hidden Car Insurance Discounts

Are There Auto Insurance Discounts Your Insurance Company Doesn’t Want You To Know About?

Save money on your auto insurance with discounts.

Save money on your auto insurance with discounts.

Of course, your insurance company and agent want you to know about car insurance discounts. These days, the insurance business is very competitive. It has also had to become more competitive because it is so easy for consumers to access online car insurance rates on their PC or smart phone.  However, if you have not compared insurance or even talked to your agent for awhile, neither of you may be aware that you can qualify for discounts that will save you a lot of money on your monthly premium.

Car Insurance Discounts

These are some of the discounts that you and your agent might overlook.

Low Mileage: If you only pull your vehicle out of the garage twice a week for a grocery trip, you may qualify for a low mileage discount. This might also benefit a teen driver who only uses his car to travel a couple of miles to school every day. If you have your teen driver as a driver on your own car, and he or she rarely drives, be sure and let your insurer know. If he or she can qualify as an occasional driver, it can take the bite out of your rates.

Auto and home insurance discounts: Some so-called discount car insurance companies cannot offer the best deal because they only insure cars. Larger companies that offer both home and auto policies are likely to offer a price break because they want all of your family’s personal insurance business.  You can also look for multiple policy discounts if you need to insure a motorcycle, boat, or other property, or if you need renters insurance instead of home owners insurance.

Safer cars: Some people assume that cheaper and older cars must be cheaper to insure because they do not cost as much as newer and more luxurious vehicles. However, the truth is that moderately priced vehicles usually have the lowest insurance rates, and new cars may actually cost less to cover than older ones.

That is because auto insurance companies also consider the safety and track record of certain vehicles as much as the cost to replace them. If vehicle owners are less likely to make claims, that reduces the risk to the insurer.  The cost of repairs in a local area also factor into the complicated formulas that insurers use.

Safety features: Besides purchasing cars that have been demonstrated to be safer, you may also be able to add some safety features to enjoy a better auto insurance rate. One example is an anti-theft system, but newer cars probably already come with that.

Take defense driving: This article does not include advice like drive safety and avoid accidents because that seems like something everybody already knows. However, if you do get a ticket, you may be able to take a defense driving class to prevent a rate increase.

Multiple policies: Larger insurers tend to offer discounts for bundling multiple policies with them. That is why you may get a better insurance rate from a larger company than a so-called discount auto insurance company. Some examples are multiple cars and drivers, home or rental insurance, business policies, etc.

Which Insurance Company Offers the Right Discounts for You?

Even major insurers do not all offer the same types and amounts of discounts. That is why it is important to shop around for insurance rates every year or so. You might contact a local agent or use a convenient online insurance rate comparison system.