So you want to buy a car, and you're wondering how to avoid high insurance rates. Well, worry no more because we're here to help. Buying a second-hand car might not be the solution to making car ownership cheaper because it might mean more repair bills. It's never about the sticker price. In fact, you are likely to spend less when something goes wrong when you own a new car. This is because a new car comes with warranties. The insurance rates for a car are based on factors like the safety ratings, original sticker price, its claims history, safety ratings and estimated repair costs. In general, expensive cars have higher insurance rates than cheaper ones; expensive cars cost more to repair.
How cheap is the Honda CR-V ?
Guess what, it is as cheap as candy. Don't take me too seriously; I am just kidding. However, it happens to be very reasonable. The insurance fee for this vehicle will cost you $1,146 (this is the average annual premium.) The Honda CR-V is efficient and affordable; it is not only cheap to insure, but it also helps you save money you would have spent on gasoline. It has beautiful figures that read 32 MPG on the highway and 26 MPG in the city. It has a starting price of $24,000. It is environmentally friendly thanks to its Eco Assist mode. Under the hood, it has a 184 hp 2.4L engine. With a clean driving record, you can be sure that the Honda CR-V will help you save insurance money.
How much will it cost me to insure my Subaru Outback?
The Subaru Outback is one of the most popular SUVs in North America. The average insurance cost of this vehicle is $1,176 while the starting price is around $26,000. The insurance guys must have considered the vehicle's impressive safety features before they arrived at the premium costs. These features include the brake override system, a rear-view camera, and ABS braking. No family-oriented SUV-owner is likely to speed-off this vehicle like Lewis Hamilton, but it can hit 123 mph when at top speed. It is driven by a Subaru Boxer 4-cylinder engine that has a capacity of 2.5L.
How cheap is the Chevy Equinox?
This American baby has an affordable insurance premium of approximately $1,209. $23,500 is the starting price. The safety features are as many as the sand in the ocean. Not only is the insurance cheap but it also has good fuel efficiency. This family-friendly SUV boasts of 39 miles-per-gallon on the highway.
What about the Jeep Cherokee?
The Jeep Cherokee is an old lady having been in the game since the 1970s; however, you wouldn't know this by looking at its pretty face that looks like Mariah Carey wearing beautiful makeup. The insurance premiums will cost you around $1,182. It has a starting price of approximately $26,000. It has a 2.4L engine for the base model which means a little less power. You also won't like that the inside has less room. All in all, it is a wonderful vehicle that offers all the features you can ever dream of in a large SUV.
Where does the Ford Escape stand?
Many American families love this SUV because of its small insurance rate of $1,217 and starting price of $24,000. Soccer dads and mums love this car to death; this shouldn't come as a surprise because it isn't very exciting to drive. It is certainly great for carrying their kids around. However, we thought you should know that this vehicle has turned the heads of some famous people like Selena Gomez who drove it as her first car before she dumped it for the "Hollywood-like" Porsche. It is powered by a 2.5L engine. It comes with features like a rear-view camera, blind-spot mirrors, and ABS brakes.