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					                Cars that make auto insurance rates ‘affordable’

So you’ve decided now is the time to invest in a new set of wheels. You’ve finally
saved enough money for the down payment and are ready to take a loan to cover
the rest. Since for most people, their car will be one of the most expensive assets
they’re ever going to own, it’s important to look at the expenses of your car from a
long term perspective. “It’s probably easier to know about the maintenance costs of
a car but knowing about its auto insurance rate is not so easy”, you say. Agreed!
Different companies will give different estimates of the auto insurance rate for the
same model because so many other factors unique to you are also in play.

After extensive actuarial analysis, insurance companies compile a list of the car
models with highest and lowest auto insurance rates. This study is based on safety
features in a car, how often it gets damaged in an accident, gets stolen, and costs to
repair or replace.

It’s a smart idea to check the average auto insurance rate of the car you plan to buy
before you actually put down the money for it, so that you are financially prepared to
bear its long term on road costs as well.

The function of the IIHS- Highway Loss Data Institute is to study the cost to
insurance companies arising from claims related to collision, injury and theft. This
study in turn influences the average auto insurance rate for the car models
analyzed.
Apparently 4 door cars have a much lower chance of being involved in a theft than
their 2 door counterparts. Now you know why 2 doors cost more to insure!

The IIHS-HDLI also studies the safety ratings of cars by analyzing the losses in
actual accidents that these cars were involved in. Among the large cars the Buick
Lacrosse and BMW 5 series have come out as the safest cars for their passengers,
while the Chevrolet Cruze and Honda Civic are the safety toppers among the smaller
cars. The Audi A3 and A4 sedan top the safety ratings among the mid-sized cars.
Their auto insurance rates are naturally bound to be lower.

While working out the average auto insurance rate for each of the cars, super-
luxurious ones like Bentleys or Lamborghinis are usually not taken into account as
their price tag alone ensures they’ll have high auto insurance rates. Who said luxury
comes cheap?

Here’s a complete list of cars with the highest and lowest auto insurance rates:
http://www.forbes.com/2010/08/19/car-auto-insurance-lifestyle-vehicles-most-
least-expensive_slide_3.html
If you are looking for affordable auto insurance rates, the Mercedes-Benz G55
AMG ($3,086.49), or the Aston Martin DB9 Volante ($3,088.96) or the Porsche 911
Carrera S ($3,092.31) are high end cars that are bound to disappoint you. On the
other hand, Mazda Tribute ($1070.25) and Honda Odyssey ($1095.26) are among
the least expensive cars to insure. Others include the Toyota
Highlander ($1,154.02), Ford Escape ($1,150.26) or the Toyota Sienna ($1,142.94)

While it’s easy to get carried away with all the glitz and glamour of different car
models on offer in the market, it’s important to get an estimate of their on- road
costs as this is something you will have to live with for a long time. Most auto
insurance companies have free quote calculators on their websites which can quickly
churn out an auto insurance quote for you. If you cannot make up your mind
between models, taking a quote for each of them might help you decide which one
would be more affordable in the long term.

				
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OGOCHUKWU AUSTIN OGOCHUKWU AUSTIN DIRECTOR http://
About AUSTIN IS A GENTLE YOUNG MAN WHO HATE SCAMPERS, LIES, AND BETRAYERS. I;M WORKING HARD TO EARN MY LIVING.