1. Stay Away From High-End Luxury Vehicles
The high price of a luxury vehicle leads to higher insurance costs. High-end luxury vehicles are one of the most expensive types of cars to insure because of their ultra-high repair and replacement costs in the event of an accident. Cars with the highest collision and comprehensive insurance losses include brands like Rolls Royce, Mercedes-Benz, and BMW, according to the IIHS
2. Look For Cars With High Safety Ratings
If you’re looking to save on car insurance, it’s in your best interest to look for a car that’s safe. Cars with better safety equipment are more likely to qualify for lower premiums and discounts.
3. Avoid Sports Cars
If your car has a high-performance engine and other built-for-speed features, an insurance company sees you and your vehicle as more of a risk on the road. Drivers with sports cars are more likely to drive faster and therefore cause accidents. If they’re totaled or stolen, sports cars usually cost more to replace. According to the IIHS, sports cars like the Chevrolet Camaro and Maserati GranTurismo have some of the highest collision losses.
4. Be Cautious of Popular Models Among Thieves
The likelihood that your car could get stolen also plays a role in your rates. Statistics show certain cars are more popular among thieves, so if you are driving one of those cars, your insurance premiums may be higher. As of 2019, the five most stolen cars in the country are Ford full-size pickups, Honda Civic, Honda Accord, Chevrolet full-size pickups, and Toyota Camry, according to the National Insurance Crime Bureau.
5. Check insurance costs when buying a car
You probably already pay attention to factors such as fuel efficiency and repair costs when picking a car to buy, but you should also consider insurance premiums. Among top-selling vehicles found the lowest insurance rates are for the Subaru Outback, the Jeep Wrangler and the Honda CR-V.