Low-Cost Insurance for Low-Cost Vehicles

Are you in the market for a new car that won’t break your bank account? Before you head off to the showroom, you may want to determine which cars are the least expensive to insure. There are many popular, low-cost cars on the market. If you are in the market for a fuel-efficient, low-cost car, here are some recommendations and items to consider.

Low-cost Insurance and Car Options:

• Auto Liability Coverage– This pays for medical damages and funeral expenses for any people injured or killed in an accident for which you were responsible.
• Auto Property Damage Coverage– This covers any damage you do to a third party.
• Auto Physical Damage Coverage – This covers comprehensive and collision.
• Collision is designed to get your vehicle repaired if you hit an object.
• Comprehensive is designed to cover your vehicle in the event of damage or loss from something other than a collision; this includes theft, vandalism, nature, and animals.

A study completed by a major auto insurer, Cars.com and Edmunds.com, used a consistent baseline regarding the age of the driver and coverage purchased.

Here is their list of low-cost cars that are low-cost to insure:

1. Nissan Versa
2. Chevrolet Spark
3. Mitsubishi Mirage
4. Kia Rio
5. Chevrolet Sonic