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"Know
the terminology. A premium is the money you pay to keep the policy
in force. The death benefit is the payment dictated by the policy to
be made upon your death. The beneficiary is the person or persons
who will receive the death benefit. "
[Advisor
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Insurance
can be one of the more significant
expenses associated with vehicle
ownership, but it doesn't have to be. Many
of the variables influencing your
insurance rate have to do with factors
that may be difficult to control: where
you live, your accident history, your
yearly mileage and so on.
But if you're still shopping for a
vehicle, take comfort in knowing there's
one aspect of your insurance equation that
you can easily influence: the kind of car
you drive. The make and model of your
vehicle plays a significant part in
determining your auto insurance rate. It
makes sense, then, to consider this factor
when deciding on a new car.
With this in mind, we've compiled a list
of the 10 cars most likely to command the
lowest insurance premiums based on
five-year projections of the Edmunds.com
True Cost to Own (TCO) pricing system.
Each model's ranking reflects that of the
trim level with the lowest projected
insurance expense.
1.
2006 Cadillac CTS
Insurance Costs
Year 1: $938 Year 2: $971 Year 3:
$1,005 Year 4: $1,040 Year 5:
$1,076
5-yr Total: $5,030
2.
2006 Mazda 6
Insurance Costs
Year 1: $769 Year 2: $796 Year 3:
$824 Year 4: $853 Year 5: $883
5-yr Total: $4,125
3.
2006 Volkswagen New Beetle
Insurance Costs
Year 1: $807 Year 2: $835 Year 3:
$864 Year 4: $894 Year 5: $925
5-yr Total: $4,325
4.
2006 Volkswagen GTI
Insurance Costs
Year 1: $994 Year 2: $1,029 Year 3:
$1,065 Year 4: $1,102 Year 5:
$1,141
5-yr Total: $5,331
5.
2006 Mitsubishi Galant
Insurance Costs
Year 1: $873 Year 2: $904 Year 3:
$936 Year 4: $969 Year 5: $1,003
5-yr Total: $4,685
6.
2006 Honda Accord
Insurance Costs
Year 1: $719 Year 2: $744 Year 3:
$770 Year 4: $797 Year 5: $825
5-yr Total: $3,855
7.
2006 Ford Crown Victoria
Insurance Costs
Year 1: $759 Year 2: $786 Year 3:
$814 Year 4: $842 Year 5: $871
5-yr Total: $4,072
8.
2007 Dodge Caliber
Insurance Costs
Year 1: $733 Year 2: $759 Year 3:
$786 Year 4: $814 Year 5: $842
5-yr Total: $3,934
9.
2006 Suzuki Forenza
Insurance Costs
Year 1: $739 Year 2: $765 Year 3:
$792 Year 4: $820 Year 5: $849
5-yr Total: $3,965
10.
2006 Suzuki Verona
Insurance Costs
Year 1: $729 Year 2: $755 Year 3:
$781 Year 4: $808 Year 5: $836
5-yr Total: $3,909
The premium has been determined based on
industry-wide, state-by-state data from
the National Association of Insurance
Commissioners (NAIC)* for all makes,
models, drivers, usage/mileage, etc. for
the major coverages (liability,
comprehensive and collision), and
vehicle-specific rating data from one of
the country's largest insurance companies.
While this information is specific to
vehicle make, model, model year and body
type, your personal information is not
taken into consideration and could greatly
alter the actual premium quoted by an
insurer. Factors that will affect your
rate include your age, marital status,
credit history, driving record, and the
garaging address of your vehicle.
Data from the NAIC's most recently
available Average Auto Expenditure and
Premium report has been used in this
calculation. The NAIC does not endorse or
support any analysis or conclusions based
upon the use of this data. |
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