Cheapest Cars to Insure

The late models offer a lot more power and higher performance ratings than older vehicles and because of the sleek body styling even get more mileage. The one setback for some consumers when looking at a new car or truck is cost of insurance. The cheapest cars to insure are very affordable, but there are some 2011 models that really are going to put a dent in your wallet. Choosing a car that not only fits your needs for performance and looks, but also offers a great value when it comes to insurance can save you thousands of dollars a year.

Changing from one insurance company to another may be able to save you some money on your monthly rates, but choosing a car that does not fit into a high risk category will surely save you much more. The cars that are the most expensive to insure are usually 2 door cars or any car that is considered to be a “sports” car. These vehicles bring higher insurance rates because of the assumed risk that they have. If you are a driver under the age of 25 your insurance rates are already much steeper than other drivers that are older, if you stack your age risk with a hotrod the monthly cost of insurance can be staggering.

Understanding Insurance Rates

The expense that you pay on a particular vehicle is based on many different factors. Among these factors are the safety features, the anti theft systems in them, the amount of distractions that digital devices inside cause and the cost of repair to the vehicle. The amount of money that the insurance company would have to pay out during an accident or theft ultimately dictates the amount that it cost to insure any specific vehicle. With this in mind there are also many human factors that can change the possibility of an accident, younger less experienced drivers of course are more likely to get into a wreck, therefore there insurance costs much more than older more experienced drivers. Smokers fall into the same category of high risk drivers, it is not the health risk that makes this an issue to insurance companies it is the fact that people who are smoking in a vehicle are constantly fumbling with their cigarette and trying to ash it. This means that their eyes are on the road less of the time and the odds of them getting into an accident will increase because of this.

Some of the factors that come into play cannot be avoided, but choosing a car that has excellent safety ratings and does well in crash tests can help. Any foreign made vehicle will usually bring an instant increase in car insurance rate too. This is because they may require special mechanics and parts that are more expensive when it comes time to repair any damage that happened in an accident. Choosing a vehicle that is cheap to insure does not mean you have to get a car that is not exciting to drive and that you would be proud to own, it just means buying smart. The overall cost of ownership of a vehicle can be greatly reduced by finding a car that is cheap to keep insured, so this really is a big deal to most consumers.

2011 Cheapest Car Insure Rates

Every year all of the models that will be released are tested and observed by many different groups to estimate their safety and how much they risk is to the insurance company before they set their rates. The Highway Loss Data Institute or HLDI is a non-profit organization that helps insurance companies enumerate the deaths, injuries and crash data from different models and then each vehicle is assigned a number that is a standard for the risk rating. This is one of the largest consumer groups that helps give input toward these statistics.

In most cases an insurance company will also do its own independent research and testing to make sure that they are using the most up to date and accurate information. Each insurance company may vary slightly on their coverage rates, but there are standards that are used. In 2011 there are some great vehicles hitting the streets and some are very cheap to insure, keep reading to find out which ones make this year’s list.

Cheapest Models To Insure In 2011

The cheapest vehicle to insure for buyers looking at 2011 models is the Mazda Tribute™. The base model that only offers 2WD is a capable, but possible underpowered crossover vehicle that offer the lowest rates of any other 2011 car, truck or van. The vehicle that may be a surprise to some, but definitely does not lead the pack in 2011 as one of the cheapest cars to insure is the Jeep Wrangler™. This model is build like a brick and does very well on the road. If you love to do a little off roading and you want to get your insurance at a very cut rate, then you may have a Wrangler in your near future.

If you are looking for a small sports car the Pontiac Solstice™ is going to be the winner in that category. This small car offers a sporty look and great performance, can still save consumers some money when it comes to insurance. The new Cube™ from Nissan is turning heads with its very unorthodox styling and also offers some very competitive fuel economy in the station wagon category, but you will really be surprised to see how much you can save when it comes to ensuring this little gem. The Cube is one of the cheapest models to insure since 2010. The Subaru Outback, Dodge Caravan, Toyota Sienna and Volkswagen Beetle also make it to most top ten lists, most of these vehicle average right around $1,000/year to insure.