Insurance companies and crash analysts have noticed that vehicles most often associated with family transportation, such as minivans, station wagons and family sedans, get in fewer crashes and thus are usually cost less to insure.
Most, but not all, of the vehicles that rank low in collision and insurance costs also tend to be cars that are inexpensive. Thus a mid-size family sedan will typically cost less to insure than an expensive sports car that can reach high speeds in a short period of time.
In 2002 the Buick LeSabre was found to be the cheapest car to insure based on its low claim record for injury, theft, and collision. Other cars found to some of the cheapest vehicle to insure in 2002 included the following:
- Honda Odyssey
- Buick Park Avenue
- Pontiac Montana
- Mercury Grand Marquis
- Buick Century
- Chevrolet Venture
- Oldsmobile Bravada
Since models change and so do theft rates and the costs of collision repairs the insurance rates and cheapest cars to insure can change. Runzheimer International studied insurance costs on vehicles priced under $40,000 and below is the list they composed in 2004 of the least expensive cars to insure.
- Saturn Ion
- Saturn L300
- Chevrolet Colorado
- Chevrolet Aveo
- Ford Escape XLS
- Mazda 3
- Dodge Caravan
- Honda Accord DX
- Hyundai Santa Fe
- Toyota Corolla
More studies may be in process and compiling lists of newer cars however if you have an idea of the type of car you want to purchase and have narrowed down your search to a few certain models then you should go ahead now and obtain quotes based on your information and the cars on your "short list."
You can get a multiple quotes based on the different types of vehicles you are interested in buying. At CarInsurance.com you can receive multiple quotes, pick the best price and purchase the coverage that is right for you once you have determined what new car you are going to purchase.