What Types of Cars Are Cheapest to Insure?
The type of car you drive is one of the main factors in setting your insurance premiums. Rolfo Rolf Brenner/Photodisc/Getty Images Auto insurance can be among the costliest insurance, and state governments usually require vehicle owners to carry it. How much you pay for your car insurance will depend on how much you actually paid for your car, its make and model, its model year, its speed and its safety rating. Insurers classify cars in 20 different groups, and the higher the group ranking, the more money you pay in premiums. Cheap Cars Cars that are cheap are also usually the cheapest cars to insure. Expensive cars tend to have higher insurance associated with them because, if your car is stolen or damaged beyond repair in a accident, your car insurance company must reimburse you for the actual value of your car. Expensive accessories that add value to your car, such as pricey stereos or GPS systems, also increase the premiums you pay. Non-sport Cars Sport cars have more of a tendency
