What Cars Have Low Insurance Rates?:

What cars have low insurance rates? Most auto insurance rates are calculated based on a car's "risk" or perceived danger to the insured. The insurance company then estimates how much of that risk can be absorbed by the insurance company in terms of premiums. In other words, the insurance company makes money off of the premiums it charges, not based on the actual risks on the car.

So, why would a car owner ask what cars have low insurance rates? Think about it this way: 

The price of a car is always going up. This is regardless of economic factors and regardless of whether the car is new or old. Why? Because people perceive risk in buying a vehicle based on what they may perceive to be the car's overall condition.
Now, you wouldn't buy a used car with a new body kit for its price. You'd probably think twice about it, even if it looked cheap. This is the same thing with cars. People are generally more cautious with vehicles they know have low insurance rates, and that may be true. But, this doesn't mean you should be too afraid to buy a car with a lot of damage.
What cars have low insurance rates? If you've ever driven a car with a lot of cosmetic damage, you know that the price of that car insurance hikes up the price because people perceive the car as safer than it is. That damage in the paint job or chrome trim, even if it's just small chips, will be viewed negatively by potential insurance buyers. This is the same reason why older vehicles tend to cost less to insure than newer ones. Potential insurance buyers may believe the car is significantly worse for wear, but the insurance company's calculation puts that assumption into the equation. This can be a great way to save money on your auto insurance.

What cars have low mileage?:

Older models tend to last longer on the road before requiring repair, which lowers the cost of replacing parts. The manufacturer's suggested mileage can be lower than the real-life mileage, and you could wind up with expensive repairs if you've been driving beyond what the manufacturer recommends. You can expect the cost of your vehicle to go up if you've added too many miles to the odometer. Check the odometer regularly, and you can avoid these problems before they become major issues.

What cars have low insurance rates? You've driven a lot. If you've got a particularly nice car, it may not be the best deal for your insurance. Cars that sit in garages instead of on the road are considered riskier by insurance companies, especially if you've had several accidents or tickets in recent years.
What cars have low insurance rates? There are many factors at play when determining insurance rates, but your credit score is one of the most important. If you've made mistakes or errors on your credit report, you can expect to pay more for insurance. This is because the insurance companies will look at the history of your car and your insurance history. They assume someone who's had a lot of trouble making payments will make them twice as likely to get into an accident.

Unfortunately, you're stuck with whatever your current insurance company decides on, but there are other things you can do to reduce the price of your car insurance. Purchase anti-theft devices or purchase a less expensive vehicle. If you have a credit card for your insurance, use the credit card to pay for the insurance instead. Try these tips today to save money on your car insurance.