Truck Articles

Car insurance is required in 47 of the 50 U.S. states. For some people, car insurance can be pocket change; for others it can seem like you’re giving your life away to insure your vehicle. Insurance companies use many factors to determine the amount of your premiums, and one of the biggest factors in that decision is the type of vehicle that you are insuring. This could be why rates are so much different between you and the next guy. You might also want to keep this in mind the next time you’re in the market for an automobile.

Horsepower means fast, and putting fast and car insurance together is like putting a cat and a dog in a cage together. They just don’t mingle well together. When you insure a cart with a lot of horsepower, don’t expect it to come cheap.

Certain cars are more likely to be stolen than others. And this matters to the insurance company. If your car is stolen, there is only a 25% chance of it being recovered. Not very good odds, so says the insurance company, who will spike the rates if you car is on the most stolen list. Luxury cars, such as the Porsche, are the most expensive cars to insure. It’s that simple.

SUV’s aren’t necessarily fast, but they do cost more to insure. The reason for an increase in costs with an SUV is sue to their size. If these vehicles are involved in an accident with a car, they are likely to cause significant damage. You will pay for that chance with each payment you make.

Due to contrary belief, smaller autos may not be all that cheap to insure, either. Studies by insurance agencies have shown that smaller cars tend to be driven by younger drivers. Everyone knows the under 25 category is considered high-risk due to their inexperience behind the wheel.

Surprisingly, the Mazda Tribute had the lowest rates to insure according to 2010 statistics. This 4WD SUV is stylish and practical to drive, with a five-star safety rating. Rates for the Tribute for the average driver were $1,042 per year. Honda Odyssey LX was also another cheap vehicle to insure. The mini van making the list of cheapest cars to insure is the best news ever to soccer moms around the states! The Odyssey is safe to drive, and low to insure. The Dodge Caliber was also among the top of the list for cheapest vehicles to insure. Rates for the average driver of the Caliber were just over $1,400 each year.

Keep in mind that these rates are based on the average driver, 40 years of age with a good driving history. The rates that you pay may vary based on your driving record as well as several other factors.

Reggie Maxwell is from www.completeinsurance.ca… a website that offers free information about Canadian auto insurance and sports car insurance in Canada and the US. If you need more advice and quotes head over to his website now.

Apr222011

Tags: Trucks

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