Insurance costs tend to increase with the purchase price of the vehicle, but the cheapest cars to buy aren't the cheapest to insure. Drivers looking for one of the most comprehensive car insurance coverages should check out Geico. To find out if Geico is cheaper for you, compare Geico car insurance quotes with quotes from companies such as State Farm, USAA and Progressive. But this is why minivans are the cheapest type of car to insure, since they aren't exactly designed for impromptu drag races in the neighborhood.
Each auto insurance company calculates premiums slightly differently, so the quote you receive from one company can easily be hundreds of dollars more expensive than the quote from another company. But if your old car is one of the special cases with the highest insurance costs, compare prices to find the best price. Other ways to get cheaper car insurance include taking advantage of discounts, improving your driving record and increasing your credit score. It's a bad idea to automatically choose cars with the cheapest car insurance rates or choose providers that offer low-priced car insurance policies.
The driver's age, driving history, and claim history are also more likely to significantly influence car insurance rates than the age of the car. The cheapest cars to insure are the Subaru Forester, the Dodge Grand Caravan and the Honda Odyssey, according to WalletHub's analysis of 26 popular vehicles. Comprehensive insurance pays if your car is stolen; it also covers damage caused by vandalism, fire, floods, and other problems. The most important factors affecting car insurance rates are state coverage requirements, age, and the make and model of the car.
All major auto insurance companies offer a variety of discounts, which can save drivers up to 35% in some cases. Car insurance companies set prices based on the risk they have determined that you and your vehicle are present. Even cars with the cheapest car insurance rates can be expensive to insure if personal factors indicate that you're a high-risk driver. While cars with the cheapest car insurance rates may have lower costs, coverage is likely to still cost more than the national average if your history indicates potential risks.