Reader’s Question:

What vehicles are the best for cheap insurance rates? I never got involved in car accidents, no tickets and I am a safe driver.

Albert

Fort Wayne, Indiana (IN)

In general, the less expensive a car is to purchase, the less expensive it is to insure. Additionally, domestic makes are usually less expensive to insure than foreign makes.

Other than factors like your zip code , your own driving record and the demographics of the motorist in your household, the make and model of your vehicle can have an effect on your insurance rate.

Collision-damage costs are one of the major factors in determining the cost of insuring one type of vehicle over another. You will also want to find out how attractive the car is to thieves.

Typically, cars that are the most expensive to insure tend to be either high high dollar, horsepower or expensive to repair. Higher horsepower autos are statistically favored by risky motorists that will likely drive the vehicles faster and get into more accidents. That will make insurance rates up for those who own a similar vehicle.