In a post here last month, I discussed the best cars for low insurance rates. The basic conclusion was that 3 general factors determine the cost of insuring a specific: damage susceptibility, safety ratings and likelihood of theft.
More to the point, you may get some FB likes from your friends for buying a new Land Rover, but you won’t really save much (if anything) on your car insurance premiums.
So let’s take a peek at the soon-to-be released 2012 auto class and highlight a few of the most insurable.
Best Car for Low Insurance Rates - Volvo XC90
Yes, it is generally true that cars with greater horsepower are more much pricier to insure — and this generation of Volvo will definitely pack a punch. But remember that a big part of carriers’ definitions of safety involve who’s doing the driving. And let’s face it: moms and dads like Volvos, and parents tend to drive more defensively (read: slowly). Volvos continue to be put together like tanks and come out of many accidents unscathed. And finally, while the Volvo XC90 is very appealing to the young parent demographic — it’s much less sexy to car thieves because it’s super big and swallows a lot of gas.
2nd Best Car for Low Insurance Rates – Honda Accord
We all know the Accord perennially earns high marks for safety (including a perfect 10 from US News and World Report in 2011). It’s built very sturdily, and holds up like a champ in accidents. And though the best-selling Honda is favored by the young professional set, it’s not nearly as alluring to thieves. Next year’s version of the Accord will feature a re-vamped exterior. Nevertheless, the same internal specs and features that drivers (and insurers) have come to respect greatly — will remain basically unchanged.
3rd Bets Car for Low Insurance Rates – Smart Fortwo
Just because the Smart car is small, doesn’t mean it bends or breaks easily. The Smart fortwo electric drive (aka smart ed) will debut in 2012 — and while electric cars aren’t rewarded by insurance agencies, Smart actually has a great safety record. The car is not as thin as it looks, and don’t kid yourself: no petty criminal concerned about his rep wants to be spotted driving one.