5 8 Cars with Lower Insurance Rates

Are you looking for a car that is inexpensive to insure? There are a number of autos out there that will not cost an arm and a leg in car insurance. An auto is an expensive item, and it can be costly to keep it properly insured. Listed below are 8 vehicles that are less expensive when it comes to yearly insurance rates.

Keep in mind when shopping for a new car that SUVs and crossovers seem to be tops in 2013 for lower insurance premiums. Not all that long ago, minivans were the least expensive to insure, but that may now be changing. Insurance companies also take into consideration the age and gender of the driver, the type of driving record that is involved, and even the part of the country where the driver lives. You will also pay more for auto insurance if you are driving a luxury car that is very expensive to repair.

1. Ford Edge SE

The Edge just may be one of the cheapest vehicles to insure, and it also happens to be a very dependable car to drive.

2. Subaru Outback 3.6R

The 3.6R is not only less expensive to insure, it also has a number of features that can be added for driving enjoyment.

3. Subaru Outback 2.5i Premium

This particular Subaru model is cheaper than the 3.6R by over $3,000. It is a good vehicle for those who do a great deal of driving since it provides good gas mileage.

4. Kia Sportage

The Sportage has received high safety ratings and may be a good choice for families with small children. If you have youngsters, you might want to consider a vehicle that will cost less to insure and also provide a safe, dependable drive.

5. Jeep Grand Cherokee Laredo

The Laredo may be a bit more expensive to purchase, but it will be a money-saver over the years when it comes to yearly insurance premiums.

6. Hyundai Tucson GLS

The GLS is somewhat more expensive than Hyundai's Tucson GL, but the vehicle does give the owner the option of adding features that cannot be added to the GL.

7. Jeep Patriot Sport

Of all the Jeep models, the Patriot Sport is the least expensive to purchase. It also gets good gas mileage. These benefits along with cheaper insurance premiums make it a good choice if you are in the market for a new vehicle.

8. Chevrolet Express 1500

If you are looking for a commercial van for your business that will also be cheaper to insure, this model may fit the bill. With an eight-cylinder engine, it can easily accommodate heavy loads. It pays to have a commercial vehicle that will not eat up your business profits with high yearly insurance premiums.

These eight vehicles are all on the list for lower insurance rates. If you are searching for a vehicle that will not be too expensive to insure, you might want to consider one that is mentioned above.

Authors Bio: Melanie Lewis writes for a site that has a useful car purchase calculator to help buyers determine the monthly cost of buying a new vehicle.

9 Forget the Auto Loan

If you have a really bad credit score, you can forget about the auto loan: even if you manage to get your application accepted, the interest rates will be highway robbery. That's because the lenders do not view the car as an investment: it's an asset that loses value quickly, so they're not particularly pleased with the thought of having to repose it from you.

The good news is that there are alternatives, and you don't have to survive without a vehicle, even if you can't get a loan. The bad news is that most of these alternatives are worse than the terms of an auto bad credit personal loan, so they should be used as a last resort.

1. Use Cash Savings

This is no rocket science: if you have cash stashed aside for an emergency, it's better to use it for the purchase of a car, than to struggle with a loan that will just accumulate interest and drag you deeper into debt. Even if this means you'll have to scale down and you won't get the car of your dreams right away, if you have savings, use them.

2. Get a Loan from a Relative or Friend

There are two ways a member of your family or a friend can help you out in this situation: either by co-signing the auto loan with you, or by lending you the money directly. In both instances, keep in mind that you're placing a serious burden on a loved one, so make sure you don't ask for too much, and repay the loan as quickly as possible.

3. Take a Personal Loan

Even if you don't qualify for an auto loan, you may still get a no credit check loan, which has less restrictive conditions. The interest rates will be higher, but at least it has the advantage that you can time it so it's paid off by the time you want to get rid of this car and buy a new one.

4. Use Cash Value Life Insurance

If you have a permanent life insurance policy, it carries a cash value, and you can borrow money against it. Check with a consultant before taking this step, since there are some taxes that have to be paid, which vary from one state to another.

5. Use Your Credit Cards with Caution

Credit cards always carry high interest rates and steep penalties if you fail to cover your debts from one month to another – not to mention that they can cause serious damage to your credit score. Taking money from credit cards to pay for a major purchase, such as a car, is a very bad idea. Only use your cards if you need a very small amount, and you're certain you can repay it before the debt cycle is over.

6. Use a Credit Union Loan

If you're a member of a credit union, ask for the financing options. Usually the terms are far better than what you can get from a bank, and this could save you a lot of money in the long run.