Here’s a fact you may not even be aware of: the make and model of your car affects your insurance premiums.
When it comes to insurance, car reviews matter. Reviews from major auto insurers in the US say the Ford 500 and the 2008 Ford Taurus say it’s one of the best Fords to get on the road in terms of insurance costs. For insurance charges applied to bodily injury and property damage, both Fords top the list and charge significantly lower than what standard premium rates require. These cars also receive discounts if they score high on damage and theft. However, the Dodge Avenger and Neon are at the bottom; driving will not get you a vehicle safety discount (VSD) and your insurance costs will be significantly higher than standard premium rates.
Before you decide to buy a car, find out how your choices rank in your insurance company’s car ratings. Also consider rankings and ratings by other providers. Knowing your potential cost in auto insurance is an important factor in making a good economic decision. This decision has a direct effect on how much of your monthly budget you have left over for other needs. Think about which car makes and models will save you the most money on car insurance. Automatic reviews are excellent tools to help you narrow down your choices.
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If you don’t plan on making a purchase but are finding it difficult to meet your car insurance payments, car appraisals will help you solve that problem. You can sell your current car or switch to a less expensive make and model.