Obviously you're in the market to find used cars. While checking out features, amenities and safety ratings, you can't forget the cost of owning and using your new used car. Gas will always be a problem, and we can't help you there. Same goes for maintenance. That leaves the ever present car insurance issue, where you do have options. So when looking to find used cars that are cheap to insure, your best bet is to think like an insurance company while shopping. Adopting an insurance company mentality just might help you find used cars that are easy on the pocketbook now, and months from now.
A big determining factor for car insurance rates is the claims history. Find used cars with high rates of theft, and incur high car insurance rates. The car insurance company will charge you more simply because the risk is greater that you'll file a claim and they'll have to pay it. The same goes for cars that are accident prone or have a high repair rate. According to the National Insurance Crime Bureau and Insurance Institute for Highway Safety, Honda Accord and Honda Civic, Toyota Camry and Cadillac Escalade are stolen a lot. You might want to find used cars other than these in your search.
So, for cheap car insurance, find used cars that are reliable and nobody wants to steal.
If you find used cars that are super expensive, know that you're not likely to find cheap car insurance. Keep in mind that many insurance companies won't even insure wildly expensive cars, or cars that are no longer in production. Besides, if you find used cars that are expensive from the get go and can afford it, cheap car insurance should be the least of your worries.
So, for cheap car insurance, find used cars that are cheap to begin with.
Who You Are
Another big determining factor for car insurance rates has to do with you. Sorry, but if you're a single male under the age of 25, your accident-prone brethren have ruined cheap car insurance rates for you. Your zip code may also cause problems too, with New York holding down some of the most expensive rates around. And if your record is chock full of at-fault accidents, don't expect cheap car insurance rates.
So, for cheap car insurance, find used cars that will encourage you to slow down and pay attention. Moving to the country may help too.
Some car insurance companies base their rates on their personal experience with select cars. If you find used cars that tend to have more claims associated with it, car insurance companies will raise rates to cover their losses. You might want to get a couple of car insurance quotes before heading out to find used cars.
So, for cheap car insurance, find used cars that your insurance company likes.
Some imports have very expensive or hard to find replacement parts. Car insurance companies don't want to pay to track down an expensive part that has to be shipped half way across the world. If you continually find used cars that are imports, you may see higher insurance rates.
So, for cheap car insurance, find used cars that are either US based or manufactured.
Get Up and Go
Love the sound of a commanding engine when starting up? If so, you might be paying more for auto insurance when you find used cars with powerful engines. If cheap car insurance is a prevailing factor for you, you might want to find used cars with a little less power behind them. Besides, you're supposed to be slowing down anyway, remember?
So, for cheap car insurance, find used cars with smaller, less powerful engines.
Going off road can cause quite a bit of damage to your car. Car insurance companies know this and make it more expensive to insure cars with four wheel drive. If the car insurance company doesn't want to pay for it, find used cars that pose less of a risk.
So, for cheap car insurance, find used cars with two wheel drive and stay on the pavement.
If you find used cars that would always win in an accident with other cars, you may want to think again. Car insurance companies take into account the amount of damage your vehicle does to other cars in an accident. Big SUVs may not sustain a ton of damage, but the other guy will. Find used cars where insurance companies don't have to pay those kinds of losses that often.
So, for cheap car insurance, find used cars that don't resemble a tank.