Vehicle Model Could Affect Access To Discount Auto Insurance

People have long known that things like their driving record and even their credit score can decide whether they have access to discount auto insurance - but in some cases, even their choice of vehicle can be a factor.

People have long known that things like their driving record and even their credit score can decide whether they have access to discount auto insurance - but in some cases, even their choice of vehicle can be a factor.

A recent report by RateWatch describes the effect on insurance prices that some models can have. The report notes that the average premium has fallen in recent months to about $1,871 per car, down from $1,982 in October. In general, Americans have been driving fewer miles because of the economy, holding down the rate of accidents and road injuries, as well as insurance premiums, in the process.

Those who really want to keep a handle on their insurance premiums can consider buying economy cars like a Hyundai Santa Fe, which Forbes says costs an average of $832 a year to insure. Other lower-cost options when it comes to average insurance costs include the Saturn Vue ($911) and the Kia Sedona ($857).

Perhaps not surprisingly, certain luxury cars were at the top of a prominent insurance website's list of the most expensive to insure. Among them were the BMW M5, which costs an average of $2,020, and the Porsche 911, which costs an average of $1,819 to insure. At the top of the list was the Nissan GT-R, which costs about $2,533 per year to insure, on top of its $80,000 price tag.

Still, no matter what you drive, careful shopping can help you find discount auto insurance for your budget. For more on protecting your finances with auto insurance, visit InsureMe.com today.

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