An Insurance Friendly Vehicle

OK. I admit it. I've been in "van denial". Yes, I have kids. Yes, vans are "handy". But NO -- I didn't want to own one.

Well, I own one now. My husband talked me into it.

First of all, I was impressed with how this thing handles. It's not your father's (or grandfather's) van. And while a van screams "family", it handles like a dream and leaves everyone lots of room -- which is another plus if you've got a son who's five and a 6 month old baby, and you have to fit two child seats in, and you don't want the two kids to be bugging each other.

I found out another benefit of a van -- it's cost effective to insure! Vans work on a number of points: they don't cause a lot of damage to the other vehicle or its passengers, and yet they are big enough to receive less damage to their own passenger compartment. Also, vans apparently have lower repair costs and less theft history.

We get questions about the "rating" of a vehicle for insurance purposes. Here's what I can tell you: If you want to break the bank, be sure to buy the most powerful sports car you can find. These are also expensive to repair and at much higher risk of theft in general (although they don't show up on the surveys because there aren't as many of them around). For that matter, your favourite SUV is likely an expensive vehicle to insure. But don't think that small means less expensive to insure. Very small cars can be an attractive target for thieves too!

In fact, as of 2004 the top vehicles stolen in the US were:

  1. 1995 Honda Civic
  2. 1989 Toyota Camry
  3. 1991 Honda Accord
  4. 1994 Dodge Caravan
  5. 1994 Chevrolet Full Size C/K 1500 Pickup
  6. 1997 Ford F150 Series
  7. 2003 Dodge Ram Pickup
  8. 1990 Acura Integra
  9. 1988 Toyota Pickup
  10. 1991 Nissan Sentra

Only one van in the list.

Perhaps my husband researched this: we bought a Chevy Venture.


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