When it comes to car insurance, bigger may be better for consumers looking for lower coverage rates. Part of the equation when a car insurance company is setting rates is how well the vehicle performs in crash ratings. Larger cars and minivans, which tend to fare better in a collision, often have lower insurance rates.
Your liability insurance costs will probably not be affected by the make of car you drive unless you choose a sports car or decide to buy a Hummer. Since the sports car will in all likelihood be driven at a high rate of speed, the risk of damaging another driver’s vehicle or being responsible for property damage increases. A Hummer involved in a collision may cause more damage than other vehicles, so liability insurance for one of them may be higher.
If you are in the market for a new vehicle and you want to make sure that you are doing everything to keep your insurance costs down, it may be worth your while to contact your insurance agent or the company you have coverage with (or one you are considering) and explain the situation. Ask for a quote based on the make and model year of the car your are considering buying. That information can help you decide whether the car you want to buy is the right choice for you.