Insuring a vehicle for one person is expensive, but insuring a fleet of cars for the entire family can get downright ridiculous. It’s always good to find cheap car insurance for families wherever possible, but it can be difficult sometimes to find a quote that matches your budget. As always though, there are ways to bring down the premiums and leave some extra money on the side for other essentials, like food and gas.
Fitting Car Insurance Into the Family Budget
The general cost of living is getting more expensive every day. With several people driving in the family, the cost of gas alone can get into the thousands of dollars per year, so finding cheap car insurance for families is imperative to help offset some of those costs. Sit down with your insurance agent and go over what each driver will be using their car for, and how far they will be driving on a typical day. For example, if there are two drivers going only to work and one going to a local school every day with little extra driving, the premium may be lower than you would think.
Drive Less Expensive Cars
No matter what type of policy you get, driving a less expensive car will result in cheap car insurance for families. The main thing that insurance costs are based on is the expected price of repairs after an accident, or replacement after a theft. That’s why a Ferrari will always cost more to insure than a Honda Civic. Not only are the parts local, but the overall value of the car is much, much lower. Consider purchasing a less expensive car for a teenager who is just learning to drive to help find a cheap car insurance premium.
There are plenty of family sedans in the market that offer the safety and reliability of more expensive vehicles without the harsh financial burden insurance can often impose every month. Some of the cheapest family sedans include:
With an average insurance cost of $1,100 a year and priced at $25,555, the 2012 Ford Taurus is one of the cheapest family sedans to insure. With its smooth, athletic appearance and customizable interior, the Taurus, seating five, is a perfect family car. Powered by a V6 engine, the 19 gallon gas tank gets 28 miles to the gallon on the highway and 18 miles per gallon in the city. The Taurus comes equipped with a 6 –speed automatic transmission and SecuriCode Keyless Entry and Passive Anti-Theft System, offering the latest technology available in security.
Powered by a 4 cylinder engine, the 2012 Honda Civic DX is priced at only $15,805 and can be insured at an average of $1,388 a year. It comes equipped with a 5 speed manual transmission with automatic transmission available as an option at the higher price point of $16,605. With a gas tank that holds 13.2 gallons, the Civic gets 36 miles to a gallon on the highway and 28 miles in the city. The front side airbags with passenger side Occupant Position Detection System and the Maintenance Minder system work together to keep the Civic as safe and reliable as possible.
Priced at $20,410, the Nissan Altima 2.5 is one of the cheapest family sedans to insure at an average of $1,000 a year. Push button ignition, nine beverage holders, and remote keyless entry are included for convenience and comfort. In addition to the standard Nissan Advanced Air Bag system, the Altima includes driver and passenger seat impact supplemental airbags for safety. The Altima is also fuel-efficient, getting 23 miles to a gallon in the city and 32 miles to the gallon on the highway.
The 2011 Toyota Camry is priced at $20,195 and costs $1,095 a year to insure. Equipped with an XM compatible AM/FM radio with auxiliary audio jack, the Camry gets 22 miles per gallon in the city and 33 on the high way. The Camry is one of the leading sedans in safety as well with the Star Safety System and driver and front passenger Advanced Airbag System as well as front and rear side curtain airbags. The battery saver feature deactivates the interior lights after 20 minutes, preventing the car battery from losing charge.
Insuring a car that is both safe and reliable for your family doesn’t have to break the bank. It is possible to find one of the cheapest family sedans available that are inexpensive without lacking in quality or the features, comforts, and specifications today’s consumers are looking for in a vehicle.
Use the Same Insurance Company For All Drivers
It may seem obvious to some people, but a surprising number of families have different members insured with different companies. By consolidating all these policies with one company, you can cut down on car insurance costs, and most insurance companies offer family plans for multiple drivers. Additionally, it may help to bring all your insurance policies under one roof, and not just get cheap car insurance for families. The cost of home insurance, health insurance, and life insurance can be lowered by working with the same insurer that handles your car insurance.
Primary Vehicles and Primary Driver Gender Concerns
The primary car on an insurance policy is the one that the brunt of the premium is based on. Specifying a “safer” car as the primary vehicle with an experienced driver as the primary operator can be another step to getting cheap car insurance for families with multiple drivers and vehicles. Additionally, teenage boys are the highest-risk driving class, so they will drive up the premium price significantly. The more expensive cars or teenage male drivers should always be listed as secondary components, to get cheap car insurance for families.
Car insurance can be the biggest drain on the family budget, based on the number of variables to consider. Multiple cars and multiple drivers can make the premiums more expensive. For this reason, it’s crucial to find cheap car insurance for families.