Everyone wants to get the best by paying less for it! The same applies to car insurance premiums. Most people want to get a low and affordable insurance premium on their personal or family cars. For this, they search for the best car models and insurance agencies as well.
Factors that decide car insurance costs
However, car insurance is all about numbers. And it is essential to know how these numbers get calculated. Some of the factors that influence car insurance premiums are:
Simply put, it’s the distance that a car driver drives annually, and it can impact the insurance rate. Some people can determine the mileage amount by not overthinking it. However, when the mileage gets overestimated or underestimated, it might cost you a few more dollars. Hence, it’s always best to be precise.
- Driving and age experience
When a driver has fewer accidents in their driving experience, car insurance is usually low.
- The location
The area decides the insurance cost as well! For instance, areas that are known for garage parking, heavy congestion, street parking, and the like will have high car insurance as compared to other areas. An insurance company will determine the insurance cost depending on the area where a car gets parked at night and different garaging addresses.
In the majority of situations, people park their cars at home. However, there can be a situation where a vehicle might get registered and parked at different addresses.
- Weather conditions
Do you stay in a location where there’s heavy snowfall? If yes, this will act as a factor that impacts car insurance. The vehicles that fail to perform optimally in snow will have an increased number of accidents. Also, the local insurance companies usually rate a car in a region where it’s not well equipped to perform in comparison to another area where there no snowfall. It can help to determine the insurance cost better.
Today, you can opt-in for various discounts available on car insurance. And this determines the overall cost of the car that you pay to the car owner.
If you want to know about other factors, you can check out the PFA Editor review and decide better.
The top four cars with cheap insurance
Multiple cars come with a reduced insurance rate. However, if you wish to select from the best names, then you can opt-in for the top three vehicles discussed below:
- Chevy Silverado
If you wanted a vast vehicle, you can opt-in for this car. Chevy Silverado is popular as the highest-selling American trucks. The car is known for its stellar performance and very reliable. Recently there have been some modifications made to the car. So if you want a spacious car, has fuel efficiency and is stable, this is your best pick. Also, if you have been looking for a massive “heavy truck,” then you opt-in for this one and also pay an affordable insurance premium. The car is also secure to drive through most road conditions.
- Toyota Rav4
The latest iterations of the Toyota Rav4 are rugged and stylish! The design might appear to be “off-road,” but still, the vehicle provides ample comfort with a spacious car interior. Also, there’s a whole comprehensive list of security features. The fuel economy of the car is much better than that of the standard SUVs. Even the car comes with a high resale value and reliability. If you are searching for an SUV and want to pay low insurance, this is the best car for you.
- Chevy Equinox
With more automobile brands rolling out the crossover compact SUVs, the Chevy Equinox is gaining its popularity. When the vehicle gets compared with the crossover competition, it gets a good score. However, the best advantage of this vehicle is that it comes with a diesel engine.
The car gets a four-star rating from the NHTSA (National Highway Traffic Safety Administration) during the crash tests. It is also one of the primary reasons for the insurance cost being so low.
- Jeep Wrangler
It is one of the leading names when you want a car with excellent off-road features. The vehicle is significant and is robust than its earlier versions. It comes with its classic legendary look, standard solid font, as well as the rear axles and the four-wheel-drive structure.
There are a few models of this brand, which tends to be expensive. However, the traditional vehicles of this brand are priced low. There are several safety features as well, which makes the insurance cost low.
How to get low car insurance?
Whether you are a first-time car buyer or are planning to invest in your second car, it is always a smart call to save money. There are several ways to go about it. The most important ones are:
- Manage your credit score
One of the crucial ways to add to your savings on car insurance is to have a decent and high credit score. In all states, it is a legal process for the car insurance brands to underwrite the insurance policies with the credit scores. Even though it might seem very unfair, it is what most car buyers experience today. However, in some places, the car insurance companies might not refer to the credit score.
- You should always play safe
It is one of the best suggestions most car insurance agents provide! It comprises of installing a robust security system. An average security system can also ensure some savings on the car insurance premium. Additionally, you can also opt-in for a defensive driving course that can reduce the premium.
- Make sure to drive carefully
Things like unfavorable driving records can result in high car insurance. Also, when you have a bad driving track record and a weak credit report, the underwriter might just rate your case. It means they will add an extra premium owing to the risk that the carrier is ready to undertake. Hence, it’s a smart call to drive securely. Also, you shouldn’t be expecting any discount when there are any violations.
So now that you have these facts in mind, you can choose the best car for yourself, that has a low insurance rate.