10 least expensive cars to insure
By Prakash
Gandhi • Bankrate.com
If you really want a car that's inexpensive to insure, go down
the middle of the road when it comes to buying your next car. Cars
likely to have the lowest claims rate of injury, theft and collision
are going to get the best rates. Go for a model that is big enough
to provide protection to you and your passengers, but not so big
as to cause excessive damage in a wreck. Bigger cars provide better
protection, but cost more in liability claims because they do more
damage to others. The opposite is true for little cars: They don't
do much damage to cars they collide with, but their passengers are
not as well protected.
Runzheimer
International, a Rochester, Wis., consulting firm, studied insurance
costs on vehicles priced under $40,000. Below is its list of the
least-expensive cars to insure in 2004.
|
Model
|
Annual Premium
|
Value
|
| Saturn Ion |
$1,127
|
$11,975
|
|
Saturn L300
|
$1,158
|
$16,995
|
| Chevrolet Colorado |
$1,158
|
$16,330
|
| Chevrolet Aveo |
$1,216
|
$11,785
|
| Ford Escape XLS |
$1,216
|
$19,300
|
| Mazda 3 |
$1,216
|
$14,200
|
| Dodge Caravan |
$1,250
|
$21,795
|
| Honda Accord DX |
$1,250
|
$17,190
|
| Hyundai Santa Fe |
$1,250
|
$19,359
|
| Toyota Corolla |
$1,250
|
$14,885
|
(Rate estimates are based on liability coverage of $100,000 per
person, $300,000 per incident for bodily injury and $50,000 for
property damage; $100,000 and $300,000 for uninsured motorist coverage;
and deductibles of $250 for comprehensive coverage and $500 for
collision.)
See also:
Main story: Car's
affordable, why isn't the insurance?
Plus: 10
most-expensive (affordable) cars to insure
|
