Insurance is based on a set of statistics and data numbers that policy underwriters consider when assigning rate ratings. Cars that tend to have more accidents, or require more expensive or more extensive repair than other cars, will have a higher claim rate and therefore a higher premium to insure these higher-risk vehicles. Using this information backwards, you can find the lower end of the scale. There are some vehicles that are so cheap that they claim to be practically free.
Some obvious deductive logic can help you identify the high-risk category of cars relatively easily. Sports cars, large engines, expensive repairs like luxury cars, or some imports are likely to have high insurance rates.
A 2002 Honda Civic or Mazda will have a higher rating than a 2002 Hyundai Accent. In addition to the fact that the Accent is more modest and slower than the other cars, the occurrence of accidents with the Accent is likely to be substantially less than the occurrence of crashes with a Honda. This is specifically due to the sports economy car subculture movement which makes it fashionable to take certain cars and heavily modify them and, in many cases, drive them recklessly. The difference in these insurance rates can easily add up to more than $100 per month that you could be saving.
Insurance companies tend to view 2-door vehicles as a higher risk, as well as newer vehicles that are more expensive to repair than older vehicles. Looking for a four-door car is sure to save you money on insurance premiums, no matter what you buy. Try to choose a vehicle that can be associated with good drivers or perhaps a car that has an especially low accident repair occurrence.
A good example of this would be the largest trucks. One would think that a bigger truck has a big engine so it will be expensive to insure. This may be true for some trucks, especially sport trucks, but there’s another factor at play in the equation.
Since a large truck colliding with a Honda Civic may not even require a paint job, but the smaller car will sustain massive damage from even a minor collision, some trucks and vans can be incredibly cheap on insurance. It is important to note that larger vehicles require substantially more fuel than an economy because this must also be taken into account.
Doing insurance quotes online will make it easier to find which vehicles have the lowest cost. Then it is simply a matter of locating, inspecting, and purchasing that make, model, and year of car.