One way to pare down automobile insurance costs is to purchase an automobile that is less expensive to repair than other vehicles under consideration. The most deliberate way to make this type of comparison is to look for various vehicles’ ratings in the “Relative Collision Insurance Cost Information Booklet,” which is available each year from the National Highway Traffic Safety Administration. In addition, the Highway Loss Data Institute provides data on each make and model’s relative-loss costs for liability (bodily injury, personal injury, medical payments, and property damage) in addition to data for collision and comprehensive costs. All these factors help determine how costly automobile insurance will be for any specific vehicle.
NOTE: The simplest way to find out how much it will cost to insure a car is to ask your insurance agent for a premium quote before you make your purchase decision.