Best Vehicle for Auto Insurance
I'm trying to research which vehicle overall has the best rate for auto insurance. I am looking to buy a new vehicle and would like something economical. I currently have a van and I do have 2 small children, both in car/booster seats at the moment. My preference is American-made. Could you advise me on this topic?
Answer: This is a great way to ensure that the car you buy won't cost you a mint to insure. However, the insurance ratings on brand new models can only be based on crash safety. It won't include any factor for whether the car is a preferred target of thieves. If cars are easy to steal or are prime targets for theft, it can also affect your insurance premiums.
For crash safety ratings of new cars, you can go to the site of the National Highway Traffic Safety Administration. You can also check out the Insurance Institute for Highway Safety.
If you live in Canada, the Insurance Bureau of Canada actually produces a booklet on cars and their claims history. The booklet looks at all types of claims including liability claims or damage claims. It covers only the most frequently purchased models of the standard vehicles, from cars to trucks and SUVs. www.hwysafety.org