Here’s a fact you may not even be aware of: the make and model of your car affects your insurance premiums.
When it comes to insurance, auto ratings matter. Ratings from major auto insurance providers in the US say the Ford 500 and the Ford Taurus 2008 say these are the among the best Fords to hit the road in terms of insurance costs. For insurance costs applied to bodily harm and damage to property, both Fords rank at the top and are charged significantly lower than what the standard premium rates call for. These cars also get discounts for ranking high in rating for damage and theft. The Dodge Avenger and Neon however, are at the bottom rung; driving either won’t get you any vehicle safety discount (VSD) and your insurance costs will be significantly higher than what the standard premium rates are.
Before deciding to buy a car, know how your choices rank in the auto ratings provided by your insurance company. Consider rankings and ratings by other providers as well. Knowing your potential costs in car insurance is an important factor in making a sound economic decision. This decision has a direct effect on how much you’ll have in monthly budget left for other needs. Consider which car makes and models save you the most money from car insurance. Auto ratings are excellent tools to help you narrow your choices down.
If you’re not planning a purchase but are finding it hard to meet payments for your car insurance, auto ratings helps you deal with that problem. You can sell your current car or switch to a more cost-effective make and model.
Source by JP Wilben