NEW YORK, July 22, 2020 /PRNewswire/ -- Buying a new car
can be a challenging experience, and since safety and insurance
costs are key metrics for many when shopping around, ValuePenguin
investigated the relationship between car insurance costs and
safety.
Key findings:
- Vehicles associated with fewer fatal accidents tend to have
cheaper car insurance rates, while accident-prone vehicles
typically face more expensive auto insurance costs.
- Increased insurance costs correlated with increases in driver
fatalities across all coverage types, including bodily injury and
property damage liability, comprehensive, collision, and personal
injury protection.
- The relationship between safety and car insurance rates
appeared especially prominent for smaller vehicles, though the
trend was consistent for the full sample of cars analyzed.
For drivers looking at specific brands or models of car,
ValuePenguin curated this list and the top 10 cheapest and
most expensive vehicles to insure below.
Top five cars with the cheapest insurance rates:
- Nissan Leaf
- Accura ILX
- Nissan Maxima
- Volkswagen GTI
- Subaru Legacy
Top five cars with the most expensive insurance rates:
- Nissan Versa
- Chevrolet Sonic
- Kia Forte
- Nissan Sentra
- Mitsubishi Lancer
To view the full report, visit:
https://www.valuepenguin.com/auto-insurance/car-safety-study
About ValuePenguin.com: ValuePenguin.com, part of
LendingTree (NASDAQ: TREE), is a personal finance website that
conducts in-depth research and provides objective analysis to help
guide consumers to the best financial decisions. ValuePenguin
focuses on value, assessing whether the return of a particular
decision is worth the cost or risk of that option, and how this
stacks up with the other possible choices they may have. For more
information, please visit www.valuepenguin.com, like our Facebook
page, or follow us on Twitter @ValuePenguin.
Media Contact:
Nadia
Gonzalez (Ms.)
Nadia@LendingTreeNews.com
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SOURCE ValuePenguin.com