As an example of how the type of car you drive affects insurance rates let’s look at the Hyundai Tiburon.
The Tiburon is a sporty car that has good performance and is not very expensive. It was popular with young drivers since 1997 when Hyundai began production.
But there was a hidden flaw.
The Tiburon topped the charts for the worst rate of theft for 4 years in a row through 2003 (IBC data). And Hyundai did not even build any in 2002.
Are small cars the cheapest to insure?
Not likely! Small cars can cost more to insure because of who drives them!
There are several factors that insurance companies take into account to determine insurance rates on car models.
If you’re looking for cheap car insurance check out the lists below for who is likely to be the car’s driver.
“I want cheap car insurance but how much coverage do I need to get?”
Most states require a minimum amount of liability coverage. But the legal requirement may not be enough. Collision and injury losses can cost more than the minimum coverage mandated. If you are held responsible for a collision and injury you may have to pay the difference if the costs are more than what the insurance covers. That could ruin you financially.
A common recommendation is that you have bodily injury liability protection of $100,000 per person and $300,000 per accident. This amount should cover most eventualities but keep in mind this is the maximum amount the insurance company will pay out.
As a parent you want your teenager to be safe and sensible when driving. As a teenager you revel in the new freedom and independence that driving yourself provides. A parent tries to instill responsibility and rules. A teen wants no rules but has not learned consequences. When driving, the consequences of accidents can be devastating and expensive. Having car insurance is sensible and necessary but finding adequate coverage and cheap car insurance for your young driver can be challenging.
Naturally, any age driver who is new on the road has less experience and judgment to guide them. Many accidents occur in the first few years of learning to drive. When you add youthful exuberance then the risks and chances are even higher. It is much harder to find a combination of good insurance coverage and low rates when you are getting car insurance quotes for new drivers.
It is possible and convenient to add your teenage driver to your existing car coverage policy. However you may be smarter by getting a separate policy in the name of the teen. If you establish that the insurance cost and payment is reliant on good driving they will not only learn that freedom comes with responsibility and consequences but also they will establish a good driving record that can be a benefit in the long run. This will allow you to provide independence and also encourage good behavior.
Thanks for visiting Cheap Car Insurance Guide. We have taken the time to organize information that can help you to learn about getting cheap car insurance. If you’re just looking for auto insurance, or if you are looking for other car insurance information, rates, quotes, and brokers to compare and research, you have come to the right place.
Check out all the articles here that cover how rates are determined; how your driving skill, or lack of, affects your insurance rates; how vehicle types differ in how cheap they are to insure; how your daily usage affects your coverage; and how you may benefit from group and affiliation discounts.
Many companies provide various levels of car insurance. Some states enforce mandatory levels of coverage. You must ensure you are driving legally and comply with all regulations. But also remember to get the right amount of coverage – not too little and not too much. Some car insurance policies affect your other insurance coverage, such as umbrella liability insurance, so you may need to check that they correlate with each other.
The insurance industry is highly competitive but also heavily regulated. Rates and coverage vary considerably from one company to another.
We’ll help show you how to determine what coverage is good for your circumstances, your usage, your vehicle, and how you can get the rates you deserve.
If you would like more information on cheap car insurance, please feel free to contact us. Thanks for visiting and make sure to check back often to receive additional information on cheap car insurance.
In most cases insurance for cars goes with the vehicle and not the driver. The policy is written in the name of the car owner but the insurance applies to the car, for specified types of coverage of the driver and of the passengers, and of other people and property that might be involved in a claim for damages, whether for personal injury or for damage repairs.
The insurance policy is written to include specific drivers: usually the vehicle owner, principal driver and any family members.
So what if the driver were not specified on the policy? Perhaps a relative or friend borrowed the vehicle, either with your permission or without.
A study¹ done some years ago exposed the fallacy of choosing vehicle safety based only on size or weight.
Crash testing and real world collisions have documented the effects of seat belts and passive restraints such as air bags and proved the benefits of protecting drivers and passengers in the event of a collision with another vehicle or another object.
Better structural engineering and technology have certainly made major improvements in the ability of vehicles to protect occupants from more serious injuries and fatalities.
But what about the ability of a driver to avoid a collision in the first place? Being able to control and maneuver a vehicle well can have a big effect on collision avoidance. Recent advances in using anti-lock brake systems also enable control of a vehicle’s steering to create electronic stability control systems that intervene with the way the driver uses the brakes and power.
By using computer control of braking and throttle a vehicle can be stabilized to avoid skidding, spin-out, and even possible rollover in spite of what the driver is doing.
Continue reading “Are Light Small Cars Safe?” »
Car insurance is sold in different packages and combinations. Choose the coverage you need from the available packages that best match your requirements to protect yourself and family.
There are typically two situations in which you want protection: Continue reading “Cheap Car Insurance Coverage Types” »
When you are looking for cheap car insurance the insurance company will take into account your driving record. If you have had a history of driving infractions such as at-fault accidents, moving violations, driving under the influence (DUI), and even parking tickets, then these will be recorded on your driving record. Many states allocate a certain number of points for each infraction and as they accumulate then the worse your driving record looks.
Car insurance companies often check the motor vehicles department to review a driver’s record but then assess their own point system to reflect your risk as a customer. The number of points determines the premium charged.
Part of this point system includes your credit score. The better your credit history of paying bills, loans, financial stability and the like the lower your insurance risk, and the lower your rates. Before applying for car insurance check the accuracy of your credit score and correct any mistakes.